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Property for sale in Princes Street, YEOVIL

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Property - £235,000

Princes Street, YEOVIL

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First listed on: 06th March 2015

Nearest stations: Yeovil Pen Mill (0.9 mi)Yeovil Junction (1.6 mi)Thornford (3.1 mi)Yetminster (4.2 mi)Sherborne (5.3 mi)

Interested in this property? Call See phone number 01935 425115

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Property Description

A FREEHOLD INVESTMENT / RE-DEVELOPMENT OPPORTUNITY COMPRISING THREE LOCK-UP SHOPS WITH FIRST FLOOR OFFICES. TWO SHOPS LET ON A 15 YEAR LEASE FROM JULY 2009 AT £10,000 PER ANNUM, ONE SHOP AND THE FIRST FLOOR OFFICES CURRENTLY VACANT. PLANNING PERMISSION TO CONVERT PART FIRST FLOOR INTO LARGE TWO BEDROOM FLAT.


DESCRIPTION
The property comprises a two storey terraced building, with three lock-up shops to the ground floor, and offices to the first floor.


ACCOMMODATION
The accommodation, with approximate dimensions / areas,
comprises the following:-


Nos. 79-81 TWO GROUND FLOOR INTERCONNECTED SHOPS
Net Internal Area 87.91 sq m (947 sq ft)
GF Retail Area:-Depth - 12.70 metres (41\'8\") average
Frontage - 6.81 metres (22\'4\") maximum
Area - 81.12 square metres (873 square feet)
GF Store:-Area - 6.79 square metres (73 square feet)


No. 83 GROUND FLOOR SHOP WITH FIRST FLOOR ANCILLARY
Net Internal Area 100.41 sq m (1,080 sq ft)
GF Retail Area:-Depth - 8.50 metres (27\'11\") average
Frontage - 3.53 metres (11\'7\") maximum
Area - 26.31 square metres (283 square feet)
GF Ancillary:-Area - 11.37 square metres (122 square feet)
FF Ancillary:-Area - 62.73 square metres (675 square feet)
FF WC


No. 77 SELF-CONTAINED FIRST FLOOR OFFICES
Net Internal Area 93.61 square metres (1,008 square feet)
FF Landing, four main offices, kitchenette, and mezzanine WC


LOCAL TAXATION
Sourced from the Valuation Office Agency website:-


Nos. 79-81 - Rateable Value £7,400 (2010 List)


No. 83 - Rateable Value £4,200 (2010 List)


No. 77 - Rateable Value £6,000 (2010 List)


TOWN PLANNING
Recent planning permissions have included the following:-


No. 83 - 06/03984/COU - Change of use of premises from A1 (Shops) to A2 (Financial
& Professional Services) - LAPSED 30/11/09;


Nos. 77-83 - 06/03980/FUL - Conversion of first floor accommodation to provide
three separate flats - LAPSED 30/03/10;


No. 79 - 07/02314/COU - Change of use from A1 (Shops) to A5 (Hot Food Takeaway).


You are advised to make your own enquiries in relation to town planning by contacting
South Somerset District Council on 01935 462462, or visit their website:
www.southsomerset.gov.uk.


TENURE
The property is available Freehold, with vacant possession of No. 77 and No. 83, but subject to an occupational lease of Nos. 79-81 as follows:-


A 15 year lease from 29th July 2009, at an initial rent of £10,000 per annum exclusive, subject to upward only rent reviews in 2014, 2017, 2020 and 2023.


GUIDE PRICE £295,000 Freehold


VAT
Unless otherwise stated, all prices, rents and other charges are quoted exclusive of Value Added Tax (VAT). Any intending purchasers must satisfy themselves independently as to the incidence of VAT in respect of any transaction.


FURTHER INFORMATION
Viewings by appointment can be arranged with the JOINT SOLE AGENTS: -


LACEYS YEOVIL LTDRMW SURVEYORS LLP
Tel: 01935 425115Tel: 01935 432044
Email: info@laceysyeovil.co.ukEmail: yeovil.commercial@rmwsurveyors.com


DIRECTIONS
From the Hospital roundabout, take the town centre exit (Park Road), keeping in the left hand lane. Bear round to the left, and the property will be found on your left hand side opposite Battens Solicitors.

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Date History Details
29/04/2013 Property listed at £235,000

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Disclaimer

Disclaimer Property reference 10129BA2_2702808. Details are provided and maintained by Laceys Yeovil Ltd. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by

Laceys Yeovil Ltd, Yeovil

12-14 Hendford

Yeovil

Somerset

BA20 1TE

Telephone: See phone number 01935 425115

Arrange Viewing Arrange Viewing with Agent

Disclaimer

Disclaimer Property reference 10129BA2_2702808. Details are provided and maintained by Laceys Yeovil Ltd. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

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This property is marketed by

Laceys Yeovil Ltd, Yeovil

12-14 Hendford

Yeovil

Somerset

BA20 1TE

Telephone: See phone number 01935 425115

Arrange Viewing Arrange Viewing with Agent

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