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    Key features

    • To be offered on Tuesday 27 January
    • Freehold Shop and Residential Ground Rent Investment
    • Shop let to Boots until March 2032(1)
    • Rent Review 2027
    • Shop arranged over 3,482 sq ft
    • Well located in an established trading location
    • Tenant has been in occupation over 20 years
    • VAT is applicable
    • Investment let at £26,000 per annum (reflecting 11.82% GIY off Guide Price)

    Description

    The property is arranged over ground and two upper floors to provide ground floor shop with ancillary accommodation over part first floor. The remainder of the first floor and the entire second floor comprise a self-contained maisonette sold off on a long lease.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor - 323.47 sq m (3,482 sq ft)

    First Floor ancillary - 14.10 sq m (152 sq ft)

    First & Second Floor Maisonette - 144 sq m (1550 sq ft)

    Total - 481.57 sq m (5,184 sq ft)

    Tenancy

    Shop let to Boots UK Limited on a lease for a term of 5 years from March 2022 at £26,000 per annum.


    There is a rent review in 2027.


    (1)The tenant has entered into a Reversionary lease for a term of 5 years from expiry of the current lease and subject to a break after 3 years.


    The maisonette is let to Individuals on a lease for a term of 150 years from January 2013 (thus approximately 137 years unexpired) at a peppercorn ground rent.


    Tenant information Boots: www.boots-uk.com - 1,800 stores nationwide (Source: www.boots-uk.com/about-boots-uk)

    Rent

    £26,000 per annum

    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.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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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.

      Local information

      Wellington, based in Somerset, is located some 40 miles south-west of Bristol and 30 miles north-east of Exeter.

      Transport

      Road - It is well located for easy access to Taunton, Tiverton, Exeter and Bristol via the A38 and M5 Motorway (J26)


      Rail - The town is in close proximity to Taunton or Tiverton Rail network. Taunton station main line 1hr 40 mins to London Paddington.

      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