Retail premises for sale in East Reach, Taunton TA1

Location

The property is located along East Reach Road, a busy thoroughfare serving the town for pedestrians and motorists alike. The premise occupies a prominent trading position surrounded by other retailer’s close to Taunton’s town centre.

Taunton is the county town of Somerset with a population of approximately 75,000 people, a strong office based economy and a busy town centre, boasting numerous retailers and leisure occupiers, with significant developments to improve the town currently taking place.

Description

The property comprises of a ground floor commercial properties with frontage onto East Reach. There is a four bedroom HMO Licensed property with separate access arranged on the two floors above.

Business rates and council tax

Rateable Values are set out below taken from the voa listing from 1st April 2023.
140 East Reach - £4,850 per annum.
140 (A) East Reach – Council Tax Band A, annual liability of £1,411.

EPC’s
140 East Reach – C56. Valid until 7/08/2033.
140 (a) East Reach – D67. Valid until 22/10/2032.

Guide price

£305,000 for the freehold interest.
A purchase at this price reflects a gross return of approx. 9%.

Legal costs

Each party will be responsible for their own legal costs incurred.

VAT

We are advised the property is not registered for VAT.

Contact

Tony Mc Donnell mrics