6 February 2024: Tuesday 06 February 2024 - 9:00am
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Floorplan
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    Key features

    • Of interest to investors and developers
    • Freehold Retail Investment with Development Opportunity on the upper parts
    • Ground floor commercial let at £15,000 pa
    • Vacant upper parts with planning permission for 4 x one bed flats
    • The upper floors are self contained and have their own access via the side & rear of the property
    • Space at the rear of the ground floor that may offer further development potential (subject to the requisite consents)
    • Asset management opportunities

    Description

    The property comprises a three storey building arranged as a ground floor shop with vacant upper parts. The first and second floor have planning permission granted for 4 x one bed flats. The upper floors are self contained and have their own access via the side & rear of the property. There is space to the rear of the property an approx. 102 sq ft which may offer further development potential (subject to the requisite consents)

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note the approximate areas have been provided by the VOA and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the

    exact boundary of the site.

    Tenancy

    Please see tenancy and accommodation schedule.

    Planning

    The first and second floor have planning permission granted for 4x one bed flats (ref: 43/23/0063/CG and 43/23/0035). For further information please contact Somerset Council.(https://www3.somersetwestandtaunton.gov.uk/asp/webpages/plan/plapplookup.asp)

    Rent

    £15,000 pa

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      Wellington is approximately 6 miles south-west of Taunton and 28 miles north-east of Exeter. The property is located on the north side of Fore Street, next to JD Wetherspoons, with other nearby occupiers including Superdrug, Co-op Food, WHSmith, Coffee #1 and Lloyds Bank.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums