Co-op Food and Flat, Taunton

 

15 School Road, Monkton Healthfield, Taunton, Somerset, TA2 8PB

Offers in excess of
N/A
Acquired
Type - Commercial
Tenant type - Supermarket
  • Tenure: Freehold
  • Gross Rent: £62,000
  • Lease Term: 15 years from Apr '17
  • VAT applicable?: Y
  • Residential Flat Let Separately as well

Property Description

  • Freehold, Blue-Chip Convenience Store & Residential Investment
  • The property has recently been refurbished and extended to provide 2,939 sq ft on the ground floor with a 3-bed self-contained flat on the first floor
  • Parking for several cars at the front.

Location Description

  • Monkton Healthfield is a densely populated, part new-build village on the north-east edge of Taunton, just off the M25 Motorway.
  • Immediately opposite Heathfield Community School, a large secondary school with over 1,110 pupils and West Monkton C of E Primary School with 300 pupils.
  • School Road is a closed road comprising residential property with no other grocery store within walking distance.

Additional Notes

  • The property is at present let to Co-operative Group Food Ltd for 15 years with no break clauses from April '17 for £62,000 p.a. FR&I
  • There will be 5 yearly rent reviews linked to RPI with a collar and cap of 1% and 4% p.a. compounded.
  • The tenant has a further option to renew at expiry for 15 years on the same terms.
  • 3-bed self-contained flat on the first floor available for let separately

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