RETAIL INVESTMENT FOR SALE – £85,000
Lock up shop approximately 400 sq ft (37.16 sq m) let at £7,000 pa
Chard is an attractive market town located in South Somerset close both to the Devon and Dorset borders. The town is on the A30 and services a wide and prosperous rural hinterland which includes the Blackdown Hills an AONB which lies to the west and north of the town. The town has a very unusual feature, a stream running along either side of Fore St, being the main shopping street of the town. One stream eventually flows into the Bristol Channel and the other reaches the English Channel. The subject property enjoys a prime location.
The property comprises a lock up shop being part of The Phoenix Hotel. It provides mainly retail accommodation with a small rear store and WC. The shop has been a travel agency for 20 + years.
ACCOMMODATION ( All areas are approximate)
Shop 400 sq ft (37.16 sq m)
Long Leasehold. The lease is dated 1997 and is for a term of 999 years. The rent is a peppercorn. There is a further lease in place to The Mid Counties Co – Operative Ltd at a rent of £7,000 pa. The lease is dated 2009 and for a term of 10 years. The company was founded in 1853 and operates across 337 locations with over 8,000 employees and a Net Wort of £100,083,000 (Experian).
VAT is not chargeable on the sale price.
LEGAL AND OTHER INGOING COSTS
Each party to be responsible for their own legal costs.
RATEABLE VALUE (VOA Listing 2017)
ENERGY PERFORMANCE CERTIFICATE
An Energy Performance Certificate will be available shortly.
For further information or to arrange a viewing please contact the Joint Sole Agents:
Telephone: (01935) 415454