Commercial Property for sale: The Green, Martock


Reference: 36579_10983060

Key Features

  • Grade II Listed retail premises
  • Popular South Somerset village with many local traders
  • Situated opposite the village Post Office
  • Rare Freehold opportunity for business owner-occupiers or investors - potential 7-7.5% yield

Description

RARE FREEHOLD FOR SALE - POTENTIAL 7-7.5% YIELD GRADE II LISTED VILLAGE SHOP WITH FIRST FLOOR OFFICE AND SECOND FLOOR STORAGE SITUATED OPPOSITE THE VILLAGE POST OFFICE36 SQ M (386 SQ FT) EPC Band = D

LOCATION
The property is located within the picturesque village of Martock, in South Somerset. Situated opposite the Post Office, and very close to the principal village thoroughfare, this is a rare opportunity to acquire a Freehold shop in sucha favourable position. Martock offers an excellent range of amenities, including a supermarket, opticians, pharmacy, doctor's surgery, primary school, public houses, restaurants and churches. The village has a resident population in excessof 4,700, and is located within a mile of the A303 Trunk Road, 8 miles north-west of Yeovil and 22 miles east of Taunton and the M5.

DESCRIPTION
The shop forms the end of a nineteenth century terrace of two storey dwelling houses, comprising local Hamstone elevations under a dual pitched roof covered with double-roman clay tiles. With double-fronted timber shop front, the ground floor comprises the retail space, with ancillary rear corridor leading to the WC. The first floor is currently arranged as office space, with further steep staircase up to a loft storage room.

ACCOMMODATION
The building, with approximate Net Internal Area, comprises the following:- Ground Floor. Shop 15.86 sq m 171 sq ft. Rear Corridor to WC. First Floor. Office 13.09 sq m 141 sq ft. Cupboard recess 1.00 sq m 11 sq ft. Second Floor. Storage (min 1.5m headroom) 5.82 sq m 63 sq ft. Total area 35.77 sq m 386 sq ft.

LOCAL TAXATION
The property is currently assessed at a Rateable Value of £3,900 in the 2017 Rating List (this is NOT the Rates payable). You should contact South Somerset District Council for the Rates payable, as this depends on the current Multiplier and any Reliefs which may be available.

TOWN PLANNING
We are advised that the shop has previously had permission to be used as a "Shop" and also for "Financial and Professional Services". However we have made no enquiries in this regard, and you are advised to contact South Somerset District Council.

TENURE
The Freehold is available with vacant possession on completion.

GUIDE PRICE
£78,000 Freehold. Previously let at £5,700 pa, representing a 7.3% gross yield.

VAT
Unless otherwise stated, all prices, rents and other charges are quoted exclusive of Value Added Tax (VAT). We have been advised that the property has not been elected for VAT, but any intending purchasers must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

LEGAL COSTS
Each party to be responsible for their own legal costs incurred during the transaction.

FURTHER INFORMATION
Viewings by appointment can be arranged with the SOLE AGENT:- David J MacLauchlan BSc (Hons) MRICS (Director), LACEYS YEOVIL LTD, 12-14 Hendford, Yeovil, Somerset, BA20 1TE

DIRECTIONS
From North Street in the centre of Martock, turn into East Street (by The Pinnacle), and the shop will be found on the left hand side.

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Reference: 36579_10983060

Contact Agent

Laceys Yeovil Ltd
Tel: 01935 425 115