Lot 47: FREEHOLD INVESTMENT

Commercial Investment - Somerset
Commercial Investment - Somerset
Retail Area

An attractive end terrace building situated in the heart of Ilminster town centre with nearby retailers including Boots Pharmacy, Co-operative Food Store and Natwest Bank. Arranged over three floors the property comprises a ground floor retail shop with four flats occupying the first and second floors. Each flat is subject to a 999 year lease at a ground rent of £20 per annum whilst the retail shop is subject a ten year commercial lease.

Ground Floor Shop

Retail area, stock room, kitchenette and cloakroom with W.C.

Outside

Small courtyard to rear.

Tenancy

Subject to a ten year commercial lease from 8th October 2014 at a current rental of £14,000 per annum.

Auctioneer’s Note

Section 5(b) Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under this legislation.

Commercial EPC: TBC