Long Street, Williton, Taunton, TA4
£500,000
Guide price
Guide price
Bedrooms: 5
SUMMARY
Within walking distance of the village centre is this unique investment opportunity of a detached property comprising ground floor premises with 3 x one bedroom flats & a two bedroom flat bove in need of modernisation with a current rental income of approx. £35,100pa with the potential to increase.
DESCRIPTION
Situated within walking distance of the village centre of Williton is this unique investment opportunity of a detached property comprising large ground floor premises & three one bedroom flats & a two bedroom flat above in need of modernisation with a current rental income of approx. £35,100pa with the potential to increase. Council Tax Band: A Tenure: Unknown
Ground Floor Premises
Currently rented out to the Funeral Directors with a lease until April 2027 & a rent review due in April 2024. The current rent is £800 pcm which is approx. £9,600pa.
The ground floor premises enjoys spacious & versatile accommodation with front & rear access to the property.
First Floor & Second Floor
Four flats made up of 3 x one bedroom flats & a two bedroom flat with front & rear aspect views over Williton & the Recreational Ground. The two bedroom first floor flat has been recently refurbished & the 3 one bedroom flats are in need of modernisation throughout & have the potential to convert into two bedroom flats subject to the neccessary building consents with the scope to increase the rental incomes.
Three of the four flats are currently rented out on shorthold tenancies & the combined rental income of all the flats is approx. £25,500pa. There has been no rent reviews since 2019 on the 3 one bedroom flats.
Outside
With access to the left hand side of the property leading to an enclosed rear courtyard offering ample communal off road parking with a storage shed.
Location
The property is located on the outskirts of Williton which benefits from local facilities which include two mini supermarkets, St Peters First School and Danesfield Middle School and health centre. The property is also ideally situated close to local walks & the coastal path which is ideal for the loving dog owners & walkers, The West Somerset Steam Railway Station at Williton is within walking distance of the property, which offers links to Minehead & Bishops Lydeard. The county town of Taunton lies about 15 miles to the south where a wide range of shopping, recreational and scholastic facilities will be found whilst the coastal town of Minehead is about 8 miles away to the north. Williton lies between the Quantock and Brendon Hills where a wide range of country pursuits may be enjoyed and where a host of footpaths provide easy access into this highly attractive West Country scenery. The M5 may be joined at Taunton at junction 25 and a main line rail service to London Paddington is also available in the town.
Agents Note:
Currently the vendors details do not match the registered title at Land Registry. Please ask the Branch for more details.
Small Business Rates
1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.
Within walking distance of the village centre is this unique investment opportunity of a detached property comprising ground floor premises with 3 x one bedroom flats & a two bedroom flat bove in need of modernisation with a current rental income of approx. £35,100pa with the potential to increase.
DESCRIPTION
Situated within walking distance of the village centre of Williton is this unique investment opportunity of a detached property comprising large ground floor premises & three one bedroom flats & a two bedroom flat above in need of modernisation with a current rental income of approx. £35,100pa with the potential to increase. Council Tax Band: A Tenure: Unknown
Ground Floor Premises
Currently rented out to the Funeral Directors with a lease until April 2027 & a rent review due in April 2024. The current rent is £800 pcm which is approx. £9,600pa.
The ground floor premises enjoys spacious & versatile accommodation with front & rear access to the property.
First Floor & Second Floor
Four flats made up of 3 x one bedroom flats & a two bedroom flat with front & rear aspect views over Williton & the Recreational Ground. The two bedroom first floor flat has been recently refurbished & the 3 one bedroom flats are in need of modernisation throughout & have the potential to convert into two bedroom flats subject to the neccessary building consents with the scope to increase the rental incomes.
Three of the four flats are currently rented out on shorthold tenancies & the combined rental income of all the flats is approx. £25,500pa. There has been no rent reviews since 2019 on the 3 one bedroom flats.
Outside
With access to the left hand side of the property leading to an enclosed rear courtyard offering ample communal off road parking with a storage shed.
Location
The property is located on the outskirts of Williton which benefits from local facilities which include two mini supermarkets, St Peters First School and Danesfield Middle School and health centre. The property is also ideally situated close to local walks & the coastal path which is ideal for the loving dog owners & walkers, The West Somerset Steam Railway Station at Williton is within walking distance of the property, which offers links to Minehead & Bishops Lydeard. The county town of Taunton lies about 15 miles to the south where a wide range of shopping, recreational and scholastic facilities will be found whilst the coastal town of Minehead is about 8 miles away to the north. Williton lies between the Quantock and Brendon Hills where a wide range of country pursuits may be enjoyed and where a host of footpaths provide easy access into this highly attractive West Country scenery. The M5 may be joined at Taunton at junction 25 and a main line rail service to London Paddington is also available in the town.
Agents Note:
Currently the vendors details do not match the registered title at Land Registry. Please ask the Branch for more details.
Small Business Rates
1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.
01643 818033
Fox & Sons - Minehead
13 The Parade, Minehead, Somerset
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