RETAIL UNIT WITH THREE RESIDENTIAL APARTMENTS FOR SALE – GUIDE PRICE £425,000
Grade II listed building located in the centre of Langport.
Current passing rent is £30,040 per annum.
Retail unit on new ten year lease.
The property is situated in a prominent location in Langport town centre opposite the Langport Arms and is a short walk from the town centre car parks and all usual town centre amenities. Other occupiers close by include Art Tea Zen, Boots Pharmacy and Greenslade Taylor Hunt.
The property is a grade II listed three storey building constructed of brick and stone under a slate tiled roof. Internally the property provides a single retail unit on the ground floor. There are three apartments accessed at the rear of the building. There is a one bedroom garden apartment on the ground and first floor, and two apartments over the first and second floors, one is a two bedroom apartment and the second a one bed apartment.
To the rear there are two further dwellings which form part of the freehold which are held on 999 year leases. The large garden extends down to North Moor to which there is access at the rear of the property. The retail unit and the three apartments are currently let.
ACCOMMODATION (all areas are approximate)
Retail Unit (net internal area):
Retail Area 562 sq. ft (52.25 sq. m)
Storage 151 sq. ft (14.05 sq. m)
Flat A 683 sq. ft (63.48 sq. m)
Flat B 1,040 sq. ft (96.63 sq. m)
Flat C 696 sq. ft (64.63 sq. m)
The property has mains electricity, gas, water and drainage. No tests have been carried out in relation to services, nor are we able to comment on their condition.
The property is offered freehold subject to the existing leases. The combined passing rent is £30,040 per annum. For further details on the tenancies please contact Chesters Commercial.
Guide Price – £425,000
VAT is not chargeable on the sale.
RATEABLE VALUE (VOA Listing 2017)
Description Shop & premises
Rateable Value £6,300
COUNCIL TAX BAND
Flat A – Council Tax Band B
Flat B – Council Tax Band C
Flat C – Council Tax Band B
ENERGY PERFORMANCE CERTIFICATE
Norton House is listed, an Energy Performance Certificate has not been completed on the retail premises.
Flat A Band E Rating 50
Flat B Band C Rating 73
Flat C Band D Rating 58
For further information please contact the Sole Agents,
Chesters Commercial Ltd:
Telephone: (01935) 415454