From
£220,000
Property for saleHigh Street, Wellington TA21
About this property
To be offered on Tuesday 27 January
Freehold Shop and Residential Ground Rent Investment
Shop let to Boots until March 2032(1)
Rent Review 2027
Shop arranged over 3,482 sq ft
Well located in an established trading location
Tenant has been in occupation over 20 years
VAT is applicable
Investment let at £26,000 per annum (reflecting 11.82% giy off Guide Price)
Auction Sale - 26/01/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Town Centre Freehold Shop let to Boots on a lease expiring 2032 at £26,000 per annum
Description
The roperty is arranged over ground and two upper floors to provide ground floor shop with ancillary accommodation over part first floor. The remainder of the first floor and the entire second floor comprise a self-contained maisonette sold off on a long lease.
Location
Wellington, based in Somerset, is located some 40 miles south-west of Bristol and 30 miles north-east of Exeter.
Transport
Road - It is well located for easy access to Taunton, Tiverton, Exeter and Bristol via the A38 and M5 Motorway (J26)
Rail - The town is in close proximity to Taunton or Tiverton Rail network. Taunton station main line 1hr 40 mins to London Paddington.
Tenancy
Shop let to Boots UK Limited on a lease for a term of 5 years from March 2022 at £26,000 per annum.
There is a rent review in 2027.
(1)The tenant has entered into a Reversionary lease for a term of 5 years from expiry of the current lease and subject to a break after 3 years.
The maisonette is let to Individuals on a lease for a term of 150 years from January 2013 (thus approximately 137 years unexpired) at a peppercorn ground rent.
Tenant informationBoots: - 1,800 stores nationwide (Source: )
Accommodation
Ground Floor - 323.47 sq m (3,482 sq ft)
First Floor ancillary - 14.10 sq m (152 sq ft)
First & Second Floor Maisonette - 144 sq m (1550 sq ft)
Total - 481.57 sq m (5,184 sq ft)
Mortgage calculator
£1,100 per month
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