Guide price

£500,000

Long Street, Williton, Taunton, Somerset, TA4

Other business for sale

Other Business, Pre 1970, Investment

Key Features

  • Detached freehold investment property
  • Potential yield of 6.9% p.a
  • Convenient level location
  • Close to village centre
  • Ground floor commercial premises
  • Three 1 bedroom flats
  • One 2 bedroom flat
  • Off road parking
  • Coast 2 miles
  • County Town Taunton 16 miles
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Kevin Prescott MNAEA

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Property Description

The stone built three storey detached building is divided into four self-contained 1 and 2 bedroom flats together with aground floor commercial premises. There is off road parking at the rear of the building and it is conveniently located on the level within walking distance of the local shops and amenities.

The ground floor has an area of approximately 1200 sq. ft. and is let on a 6 year lease producing £9600 per annum. Two of the flats are currently let on short hold tenancies producing £10,500 per annum whilst there are two further flats available with a potential income of £14,460 per annum.

EPCs
Commercial – TBC
Flat 1 32 Long Street – D
Flat 2 32 Long Street – E
Flat 1 34 Long Street – TBC
Flat 2 34 Long Street – TBC

Tenancies
Commercial element let on a 6 year lease at £9,600 per annum

Flat 1 32 Long Street (1 bed) let on an assured shorthold tenancy at a rent of £450 pcm

Flat 2 32 Long Street (1 bed) let on an assured shorthold tenancy at a rent of £425 pcm

Flat 1 34 Long Street (2 bed) currently vacant. £775 pcm

Flat 2 34 Long Street (1 bed) currently vacant. £430 pcm


SERVICES
Mains water, drainage and electricity.

TENURE
Freehold

Key Information

Tenure:

Freehold

Places of Interest

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