Retail premises for sale in 23 High Street, Taunton, Somerset TA1

Town centre investment for sale. NIA of 434.42 sqm (4,676 sq ft). Three storey retail property within Taunton town centre. The second floor has potential to be converted into a self-contained apartment. Rear yard with parking for 4/8 vehicles in tandem plus a loading bay.

Location

Located on the High Street and the corner of Old Pig Market, with pedestrian access leading into the High Street public car park. The rear yard is accessed via Paul Street, via metal gates and next to the High Street public car park.

The High Street has a weekly farmers market and is situated in the main shopping area of the town centre. Nearby occupiers include Tesco Express, Iceland, Boots Chemist and Body Shop.

Description

Three-storey, end of terrace property overlooking the High Street. Plate glass windows to ground floor retail unit and glazed metal double entrance doors to side giving access into the shop. Two-storey retail area with an internal concrete staircase between the floors.

The ground floor retail unit has LED strip lighting and a concrete floor with two levels.

Rear office of 4.92m x 3.68m with reception hatch, LED strip lighting and store of 2.68m x 1.95m.

First floor, open plan warehouse with kitchenette to rear of 1.95m x 1.19m plus a ladies and gents WC facility.

Office of 3.57m x 2.37m with wooden flooring and windows to front and side overlooking the High Street.

There is also a corridor with a door with concrete steps leading out onto the rear asphalt yard, where there is parking for 6/8 vehicles and an outside water tap. The yard is laid to asphalt, is enclosed and accessed via metal gates.

Concrete loading bay to first floor level with a plastic-coated manual roller shutter door with a width of 2.76m and a height of 2.49m. Windows to side and skylight. The loading bay area internally has a width of 5.08m.

To the front of the property is a canopied area which is laid to patio and there is a wooden door which gives separate access to the second floor, which leads into a concrete stairwell to second floor. On the ground floor there is a reception hall with meter cupboard.

Previously the second floor has been occupied as an office suite and has potential to be converted into a residential apartment, subject to gaining the relevant planning consents.

The second floor overall measurement: 13.54m x 9.69m and is mainly open plan.

Office 1 of 8.99m x 6.95m with a skylight.

Office 2 of 4.80m x 3.33m to front with windows overlooking the High Street.

Office 3 of 3.97m x 2.80m to side with windows overlooking the Old Pig Market Lane.

Store of 2.34m x 2.33m to side with window overlooking the Old Pig Market Lane.

Office 4 of 4.38m x 4.37m with windows to rear.

Kitchen of 2.74m x 2.03m with a skylight.

Ladies and gents WC facilities with skylights.

Tenure

The property is being sold subject to the current lease to Arditti Carpets Limited, dated 5th October 2022 for 10 years, expiring on 4th October 2032 at a current passing rent of £28,000 per annum. Review Date 2024 and every anniversary of 5th October.

The freehold interest, subject to the current lease, is available at a guide price of Offers in Excess of £300,000.