Guide price
£50,000
Office for saleSuites 1-3, 28-30 Fore Street, Wellington, Somerset TA21
Auction
Leasehold
About this property
Guide Price = £50,000+
**For Sale By Public Auction 27th May 2026 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**
First Floor Office Units Let for £12,000 Per Annum (Reflecting a 24% Yield on the Guide Price)
Tenure
Leasehold. The property is held on a 99 year lease from 25th March 1983 (thus approximately 55 years unexpired).
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Wellington Park are within easy reach. Transport links are provided by Taunton rail station and the M5.
Description
The property comprises first floor office units situated within a Grade II Listed building arranged over ground and first floors.
Accommodation
First Floor
7 x Office Units
Communal Kitchen
WC's
Tenancy
The property is subject to a lease at a rent of £12,000 per annum. Break clause after 5 years. The vendor has advised that a new term of 10 years will be added.
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
VAT
VAT is not applicable
Open House Viewings To Be Confirmed
**For Sale By Public Auction 27th May 2026 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**
First Floor Office Units Let for £12,000 Per Annum (Reflecting a 24% Yield on the Guide Price)
Tenure
Leasehold. The property is held on a 99 year lease from 25th March 1983 (thus approximately 55 years unexpired).
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Wellington Park are within easy reach. Transport links are provided by Taunton rail station and the M5.
Description
The property comprises first floor office units situated within a Grade II Listed building arranged over ground and first floors.
Accommodation
First Floor
7 x Office Units
Communal Kitchen
WC's
Tenancy
The property is subject to a lease at a rent of £12,000 per annum. Break clause after 5 years. The vendor has advised that a new term of 10 years will be added.
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
VAT
VAT is not applicable
Open House Viewings To Be Confirmed
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Monthly repayment
£250 per month
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