Available
Taunton – 2-Bed Flat
143a East Reach, Taunton, Somerset TA1 3HNVirtual Freehold Residential Investment
Price
£125,000
Rent P.A.
Vacant
Tenure
Leasehold
Area
751 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- ERV: £12,000 p.a. GIY ~ 9.60%
- Vacant possession
- Grade II Listed building
- Comprises large self-contained 2-bedroom flat
- The premise occupies a prominent trading position surrounded by other retailer’s close to Taunton’s town centre with occupiers nearby include Papa Johns Pizza, Nuffield Health Centre, Restaurant`s, Café, Barbers and many more.
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises self-contained 2-bedroom flat. The property has been newly refurbished and provides the following accommodation and dimensions:
First Floor: 62 sq m (665 sq ft)
Bedroom, Kitchen, Living Room, Bathroom
Second Floor: 8 sq m (86 sq ft)
Bedroom
Total GIA: 70 sq m (751 sq ft)
First Floor: 62 sq m (665 sq ft)
Bedroom, Kitchen, Living Room, Bathroom
Second Floor: 8 sq m (86 sq ft)
Bedroom
Total GIA: 70 sq m (751 sq ft)
Tenancy Description
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Location Description
The property is located along East Reach Road, a busy thoroughfare serving the town for pedestrians and motorists alike. The premise occupies a prominent trading position surrounded by other retailer’s close to Taunton’s town centre. Taunton is the county town of Somerset with a population of approximately 75,000 people, a strong office based economy and a busy town centre, boasting numerous retailers and leisure occupiers, with significant developments to improve the town currently taking place. Taunton provides an extensive range of facilities and also has access to the M5 motorway, there is a main line city rail link which is easily accessible, London Paddington being about 2 hours. The property is also well placed for easy access to the Brewhouse, Somerset County Cricket Ground and St. Marys Church.