Lot 86

FREEHOLD WITH RETAIL INVESTMENT

13 St James Street, South Petherton, Somerset, TA13 5BS
13 St James Street, South Petherton, Somerset, TA13 5BS
Guide Price £110,000 – £120,000 * + Fees

Currently let at £14,650 per annum

Applicants may view the lot externally only

Situated in the centre of the picturesque village of South Petherton with its local shops and amenities is this mid-terrace freehold ground floor commercial premises with an attractive double fronted shop front, offering an ideal investment opportunity.

Accommodation

Double frontage, retail sales areas, storage and W.C.

Auctioneer’s Note 1

For information relating to the rateable value and other available data go to www.gov.uk/correct-your-business-rates and enter the postcode for the property into the appropriate search field.

Auctioneer’s Note 2

At the time of publication the Auctioneers have been unable to internally inspect all of the property. These details have been provided by our Joint Auctioneers and interested applicants should rely on their own investigations to verify the information provided.

Tenancy

Let on, until 5th January 2025, at a current rental of £14,500 per annum, expiring 5th January 2025 with no breaks. There is also additional ground rent payable from the first floor flat which has been sold away on a 99-year lease of £150 per annum. Further details will be available within the legal documentation which can be downloaded from the Clive Emson website.

13 St James Street, South Petherton, Somerset
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Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/