Fore Street, Bridgwater, TA6

Commercial Property
Under Offer ££155,000 Asking Price

Key Features

Prime location within Bridgwater’s town centre.
Nearby occupiers include Superdrug, Boots, Vodafone, & H.Samuel.
Let to TUI UK Retail Ltd. until 24th December 2024 at £12,500 per annum.
1,298 sq ft. arranged over ground, first and second floors.
Guide Price £155,000

About This Property

- Prime location within Bridgwater’s town centre.

- Nearby occupiers include Superdrug, Boots, Vodafone, & H.Samuel.

- Let to TUI UK Retail Ltd. until 24th December 2024 at £12,500 per annum.

- 1,298 sq ft. arranged over ground, first and second floors.

Guide Price £155,000

Location
Well located within Bridgwater’s prime pedestrianised retail pitch.

Numerous retailers, cafes and restaurants nearby including Superdrug, Boots, Vodafone & H.Samuel.

Bridgwater, with a population of 41,000, I s a market town located 9 miles north-east of Taunton and 40 miles south of Bristol. The town benefits from access to both junctions 23 and 24 of the M5 motorway and has attracted substantial residential and commercial development in recent years, with Hinkley C attracting further growth.

Description
A three storey terraced building arranged as retail sales, a separate office and store on the ground floor, offices, a kitchen and WC’s at first floor level and further offices on the second floor.

*The fire door on the right hand side of the main picture is not included within the sale. Separate access to the upper floors is not possible.*

Accommodation
The net internal areas are as follows:-

Ground Floor Sales 38.23 sq m 411 sq ft.
Office 4.67 sq m 50 sq ft.
Store 6.64 sq m 72 sq ft.

First Floor
Office 33.07 sq m 356 sq ft.
Kitchen 4.60 sq m 50 sq ft.
Second Floor Ancillary 33.34 sq m 359 sq ft.

Total: 120.55 sq m 1,298 sq ft.

Services
Mains water, electricity and foul drainage are connected.

Lease Terms
The property is let to TUI UK Retail Ltd. via a full repairing and insuring lease at £12,500 per annum. The lease is drawn with a term of 5 years from 25th December 2019 and has a tenants’ only break on 24th December 2022 with a 9 month rent penalty requiring 6 months’ notice.

Energy Performance Certificate
The property has an energy asset rating of E 104. A full copy of the EPC is available upon request.

Business Rates
The current rateable value is £11,250 per annum.

Tenant Covenant
TUI has 1,600 group-owned travel shops, 562 in the UK and around 1,200 franchise partners. TUI UK Retail Ltd.’s year end 2019 net worth was £181 million and their total asset less liabilities £235 million.

Sale Price
The premises are available for sale freehold subject to the existing lease at a guide price of £155,000.

VAT
We are advised the property is not registered for VAT, therefore VAT will be not be payable on the purchase price.

Viewing
Strictly by appointment with sole agents:-
Joseph Hughes and Duncan Brown
Greenslade Taylor Hunt
9 Hammet Street, Taunton, Somerset, TA1 1RZ
Email: joseph.hughes@gth.net
Telephone: 01823 334455
Read More

Contact Taunton Commercial Property

9 Hammet Street Somerset Taunton TA1 1RZ

Meet your Agent

Catherine Wood Administrator Full Bio 01823 334455
Are you sure you want to delete your account?
You have indicated you do not agree to our terms of use, do you wish to delete your account?
Login
person
lock_outline
Why not sign up?

You will also be registered for the agent to contact you via other means you provide, with information relevant to your property search.

Register
There was an error creating your account, please try again. If the problem persists, please contact us and we will investigate.
Password does not match
How would you like to be contacted?