- Investment opportunity
- Lock-up shop premises
- Excellent trading position
- Close to Sea Front
Retail Property (High Street) for sale in Somerset
Investment opportunity
Lock-up shop premises
Excellent trading position
Close to Sea Front
THE PROPERTY
This attractive double fronted shop, presently oocupied by a successful and growing specialty food business, is arranged to provide the following accommodation:
Frontage 18'9" (5.71 M)
Retail accommodation 731 SQ FT (67.93 SQ M)
Prep Room 116 SQ FT (10.77 SQ M)
Staff Toilet
Note: The rear part of the retail area has been partitioned off by the present tenants for use as a stock room.
TENURE
Leasehold with 940 years unexpired.
TENANCY
The property is let to Coldthorpe Holdings Limited on full repairing and insuring terms for a period of six years from 23rd April 2021 at an initial rent of £10,000 per annum exclusive, subject to review 0n the penultimate year of the term. The lease is guaranteed by flapjackery Ltd and the shop trades as Flapjackery.
SERVICES
The property is connected to mains electricity, water and drainage.
VIEWING
Strictly by appointment through the selling agents.
VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.
RATEABLE VALUE
£10,750 Our rateable value has been obtained from the business valuation website. At the time of the property detail going to print. We would advise all applicants to make their own enquiries via the Valuation Office or Website regarding this figure.
From our office in Friday Street, head right and turn immediately right into the Parade. Follow the road for about a half mile and the property will be found on the left hand side, just past the junction with Tregonwell Road and North Road.
Property Ref: 55935_MIL250058
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