Terraced house for sale in Middle Street, Yeovil BA20

An opportunity has arisen for investors and owner-occupiers alike to purchase this spacious three-storey building situated in the pedestrianised centre of Yeovil’s Middle Street.

The Property

The internal accommodation comprises a ground floor retail unit, together with a self-contained 3-bedroom maisonette above and parking for 4 vehicles.

Description Area Sq m Area Sq Ft
Retail 35.10sqmtrs 378 sq ft
3-bedroom maisonette 56.70 sqmtrs 610 sqft
Total 91.80sqmtrs 988sqft

As such, the shop is currently fitted out for immediate occupation as a barber shop but may be suitable for a variety of other retail uses.

The maisonette (only) is currently producing a gross rent of £1,100 pcm (£13,200 per annum). We estimate the rental for the shop would be circa £6,000- £7,000.

The property also benefits from off-road car parking for up to 4 no. Cars at the rear of the building, accessed via Stars Lane.

Situation

Yeovil is one of the principal commercial locations within South Somerset with a population of 45,000 people (2011 Census).

The property is situated towards the lower end of Middle Street in Yeovil with adjoining uses including Subway, Wilkinson’s, Kaspa’s Deserts and Nando’s as well as the Quedam Centre and Yeo Leisure Park being within walking distance.

Tenure

The freehold interest in the property is available for sale subject to the current ASTs agreed on the residential accommodation. Copies of the current AST agreements are available on request.

VAT is not applicable on the sale.

Services

Mains Water, Drainage, Electricity & Gas. There is gas-fired central heating for the whole building. Each bedroom has a separate electricity card meter.

Local Authority
South Somerset District Council

Rateable Value
rv of £7,200. The shop would qualify for 100% small business rate relief for eligible applicants. The flat has been placed in Band A for Council Tax purposes.

Legal Costs
Each party is to be responsible for their own legal costs incurred in the transaction.

Energy Performance Certificate
D