Investment Properties for sale in Chard

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Substantial Somerset Freehold Investment Property

Chard, Somerset, England

  • Freehold Price: £249,000  Price Reduced arrow_drop_down
  • Annual Turnover: £15,000
Seller Reference: 1294
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Business Description
 
 
 
 
 
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Seller Reference: 1294
Request Details
Business Description
• Substantial Freehold Investment Property
• Mix of Commercial and Residential
• Retail unit plus 2 residential apartments
• Sought after shopping street location
• Ample customer parking nearby
• Situated in a popular Somerset town

Falcon Commercial is delighted to offer for sale this marvellous opportunity to acquire the valuable freehold rights to a Commercial and Residential property. This substantial three-storey freehold property enjoys all the considerable commercial advantages of a highly visible trading position on one of the main shopping roads in Chard, Somerset. It is surrounded by a good mix of complimentary independent and multiple businesses

The premises currently feature self-contained retail premises, together with 2 private apartments which are currently let to produce a very healthy regular rental income.

This would naturally present a truly outstanding opportunity, particularly for someone looking to significantly increase their existing investment portfolio by the acquisition of a substantial and extremely well located additional freehold property which achieves a very healthy return on initial capital outlay.

Falcon Commercial recommends early negotiations on this rarely available unique investment opportunity

Premises Details

Well-presented and maintained three storey premises, briefly comprising

Ground floor retail unit
• Main sales area
• Store room
• Toilet

Flat 1
• Lounge
• Toilet
• Bathroom
• Double bedroom
• Kitchen/diner
• Single bedroom
• Stairs down to private garden

Flat 2
First floor
• Open plan lounge/kitchen/diner
Second floor
• Bathroom
• Double bedroom
• Double bedroom

Tenure
Freehold

Business Rates
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk

Legal Costs
Each party to bear their own legal costs incurred in the transaction unless otherwise agreed

Planning
For further information, you should make their own enquiries to South Somerset District Council, Lace Mill Council Offices, Holyrood Lace Mill, Holyrood Street Chard TA20 2YA

EPC
The EPC rating is: TBC

Rental income
The rental income is currently
• Retail unit £3,600 per year
• Flat 1 £6,300 per year
• Flat 2 £6,600 per year

Tenants Privacy
Please remember that these premises are all let and being sold with the tenants in situ. Please respect the tenants privacy and arrange to view only via the agents.

Viewing
Strictly by appointment with the vendor's agents, Falcon Commercial, Second Floor Offices, 114/116 High Street Honiton EX14 1JP on 01404 758081
Tenure:
Freehold
Listed by:
Request Details

Find out more about this business opportunity.

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Finance Services

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Legal Services

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