Property for Auction in Sussex & Hampshire - 26a, 26b & 27 Fore Street, Taunton, Somerset

Freehold Investment Let To Three Large National Covenants Producing £237,700 PA The property comprises a high yielding retail investment opportunity let to three national covenants, including Vodafone Ltd , Telefonica Uk Ltd and National Westminster Bank plc . The entire first and second floor offices included in Natwests lease..

Please note - the Auctioneers have not been able to inspect the property internally - and therefore are unable to confirm the condition or layout of the property Situation The property occupies a prominent prime position in Taunton town centre. Nearby are other large commercial users including Lloyds Bank, Costa Coffee and Barclays Bank. NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY Tenure Freehold Rent 26 Fore Street is let to Vodafone Limited on a new term commencing 27 March 2024, until 23 March 2029 with a current rent of £42,700 pa. There is a tenants break clause on 23 March 2027. Prior to this lease Vodafone had a 15 year lease from 2009.

26a Fore Street is let to Telefonica UK Limited (operating under the brand name O2) on a term commencing 25 June 2020, expiring 24 June 2025 with a current rent of £40,000 pa. No break clauses.

27 Fore Street is let to National Westminster Bank PLC (operating under the brand name Natwest) on a 10 year term from 19 April 2016 with a current rent of £155,000 pa subject to review every 5 years.

All leases are let on effective FRI terms. Copy leases in Legal Pack. Lot Type Commercial Investment Accommodation 26a Fore Street (02) Floor Area - 128 sq.m.

26 Fore Street (Vodaphone) Floor Area - 158 sq.m.

27 Fore Street (Natwest) Floor Area - 1,410 sq.m.

Total Floor Area - 1,696 sq.m. All measurements have been taken from the Rating Assessments - interested parties to make their own enquiries to verify. Rateable Value 26a Fore Street (02) - £46,000 26 Fore Street (Vodaphone) - £55,000 27 Fore Street (Natwest) - £111,000 EPC Rating 26a Fore Street (02) - D 26 Fore Street (Vodaphone) - D 27 Fore Street (Natwest) - C 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 0.5% (inc VAT) of the sale price, subject to a minimum of £1,500 (£1,250 plus VAT) Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.