Property for Auction in London - 1 Fore Street, Wellington, Somerset

A Ground Floor Retail Unit Fully Let Producing £15,000 Per Annum (Reflecting a Gross Initial Yield of 15%) The property comprises a ground floor retail unit situated within a mid terrace building arranged over ground and two upper floors. Tenure Leasehold. The property will be held on a new 999 year lease. Location The property is situated in Wellington city centre close to local shops and amenities. Nearby multiples include Boots Pharmacy, JD Wetherspoon and Asda. The open spaces of Wellington Park are within easy reach. Transport links are provided by Taunton rail station and the M5. Accommodation Ground Floor Retail Unit Tenancy The property is subject to a lease at a rent of £15,000 per annum. Services Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Additional Fees Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.