26-27 Fore St 18,255 SF 100% Leased Retail Building Taunton TA1 1JQ £2,100,000 (£115.04/SF)

INVESTMENT HIGHLIGHTS

  • Prominent prime position
  • High yielding retail investment opportunity
  • Close to local amenitites

EXECUTIVE SUMMARY

Prime retail unit fully let to 26 Fore Street is let to Vodafone Limited on a new term commencing 27 March 2024, until 23 March 2029 with a current rent of £42,700 pa. There is a tenants break clause on 23 March 2027. Prior to this lease Vodafone had a 15 year lease from 2009.
26a Fore Street is let to Telefonica UK Limited (operating under the brand name O2) on a term commencing 25 June 2020, expiring 24 June 2026 with a current rent of £40,000 pa. No break clauses.
27 Fore Street is let to National Westminster Bank PLC (operating under the brand name Natwest) on a 10 year term from 19 April 2016 with a current rent of £155,000 pa subject to review every 5 year

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Retail
Building Size
18,255 SF
Building Class
B
Year Built
1975
Price
£2,100,000
Price Per SF
£115.04
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
0.57
Lot Size
0.73 AC
Frontage
56 ft on Fore Street

AMENITIES

  • Storage Space

NEARBY MAJOR RETAILERS

Snap Fitness 24/7
Caffè Nero
Costa Coffee
Coffee #1
Iceland
Morrisons
Barclays
HSBC Bank Plc
Cosy Club
Wildwood
  • Listing ID: 34920682

  • Date on Market: 24/02/2025

  • Last Updated:

  • Address: 26-27 Fore St, Taunton TA1 1JQ