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 two ground floor commercial properties with frontage onto East Reach. There is a first floor flat above 143 East Reach and three further flats to the rear along South Street.

Business rates and council tax - Rateable Values are set out below taken from the voa listing from 1st April 2023.
143 East Reach - £4,850 per annum. 143B East Reach – £3,250 per annum.
Each of the four flats are Council Tax Band A, with an annual liability of £1,411.

EPC’s
143 East Reach – C68. Valid until 9/8/2033. 143B East Reach – B48. Valid until 9/8/2033.
Flat 143A East Reach – F27. Expiry 9/3/2033. Flat 3A South Street – E49. Expiry 9/10/2032.
Flat 3B South Street - E47. Expiry 30/11/2031. Flat 3C South Street – F26. Expiry 15/12/2031.

Guide price

£420,000 for the freehold interest. A purchase at this price reflects a gross return of 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