Lot 8 - 33 Fore Street, Taunton, Somerset, TA1 1HR
- Unconditional Online Auction Sale
- Guide Price* : £400,000+
- Bedrooms: 0
Description
• Affluent county town
• Listed no Empty Rates
• Potential for conversion STP
• Prominent location
A fantastic opportunity to purchase a large and prominent freehold building in the heart of Taunton. The building is likely to suit owner occupiers and investors alike, with the upper parts providing residential development potential STP.
The guide price represents fantastic value, with a low gross capital value of under £100 per sq. ft.
The internal accommodation provides the following approximate dimensions and floor areas:
Gross Frontage: 33’ 1” (10.1 m)
Return Frontage: 48’ 6” (14.8 m)
Internal Width: 29’ 4” (8.9 m)
Shop Depth: 57’ 7” (17.4 m)
Ground Floor Sales: 1,572 sq ft (146 sq m)
First Floor
First Floor Anc.: 1,060 sq ft (98 sq m)
Second Floor Anc.: 817 sq ft (76 sq m)
The first floor accommodation has seperate access, which may lend the building to a conversion of the upper parts or part letting, thereby increasing its appeal.
The substantial building offers the opportunity for an occupier to tailor the accommodation to their individual needs.
The building is Listed and are therefore exempt from paying Empty Rates.
The property occupies a prime and prominent position on Fore Street, surrounded by a variety of local occupiers and nationals such as Shoe Zone and TK Maxx.
RATES
We have been advised that the property has been assessed for rating purposes from 1st April 2024 as follows:
Rateable Value: £63,000
Standard Business Multiplier: 54.6p
Rates Payable (2024/25): £34,398
Interested parties should make their own enquiries to verify this information.
VAT
VAT is payable on the purchase price.
Tenure
Freehold with vacant possession
Viewing
Vickery Holman (Zach Maiden) 07770 442592
Auctioneer's Note
The successful bidder will pay a buyer’s contract fee on exchange of contracts of:
£900 including VAT for purchases upto and including £100,000.
£1,500 including VAT for purchases of £101,000 to £300,000.
£2,100 including VAT for purchases of £301,000 and above.
This fee is only payable by the successful bidder.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Tom Bower at Knights PLC, 34 Pocklingtons Walk, Leicester, Leicestershire, LE1 6BU
Vendors Solicitor
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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