From
£800,000
(£777.45/sq. ft)
Property for sale2-4 North Street, Taunton, Somerset TA1
From 1,029 - 4,179 sq. ft
EPC Rating: D
About this property
Prime retail investment in the heart of Taunton's town centre.
A pair of let commercial properties spread over three floors.
2 North Street is let to Lush Retail Limited totalling 1,029sq ft and 2-4 North Street is let to the British Heart Foundation totalling 3,150sq ft.
Combined income of £69,500per annum.
Available freehold subject to the existing leases at a guide price of £800,000, reflecting a gross yield of 8.69%.
2 North Street - The property comprises a mid-terraced building arranged over three floors, constructed with brick facing elevations and a glazed display frontage at ground floor level. The uppermost floor is held under the British Heart Foundation's lease, with the lease to Lush Retail Limited comprising the ground and first floors together with a small rear yard.
Internally, the property consists of a sales area, kitchen area in corridor, WC and stairs rising to the first floor; there is also a small enclosed rear yard. The first floor contains a storage area and office room at the front elevation with emergency escape route through the neighbouring property.
2-4 North Street - The property comprises a mid-terraced commercial building constructed of brick elevations, with the front elevation rendered. The ground floor benefits from an aluminum-framed display window incorporating a pedestrian entrance door. In addition, a secondary glazed aluminum door to the side elevation provides independent access to the upper floors.
Internally, the ground floor comprises a sales area with a rear store/office, which is separated from the sales area by stud partitioning. To the rear, there are two further blockwork stores and an accessible WC. A fire exit door provides access to the rear yard, which is utilized as a bin store. Access to the upper floors is available either directly from North Street via a separate side entrance or internally from the sales area.
The first floor comprises an open plan sorting room together with a staff kitchen, which has been partitioned using stud walls, and WC facilities. There is also a fire escape serving the adjoining property passing through at this level. Stairs continue to the second floor, which provides predominantly open plan storage accommodation together with a meeting room and a number of offices formed by internal partitioning, along with a further WC block.
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