45-50 Fore Street

Description

• Taunton is an attractive county town in Somerset which has very little competition from other retail centres.
• The subject property is located in the 100% prime retail pitch opposite the principal entrance to the Orchard Shopping Centre.
• The roof of 45/46 Fore Street was rebuilt in 2024 as a condition of Joules’ lease renewal.
• The property comprises two well-configured shop units with large floorplates and long term development potential.
• Over 22% of households in Taunton fall within the affluent AB and C1 social grades.
• The property is let to TG Jones Retail Holdings Ltd and The Harborough Hare Ltd (t/a Joules).
• Total net operating income of £273,500 per annum.
• Freehold.

We have been instructed to seek offers in excess of £2,570,000 (Two Million Five Hundred and Seventy Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 10%, assuming standard purchasers’ costs of 6.42%.