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AGENT'S DETAILS


Chard – Freehold Restaurant Investment

For sale: £170,000.00|1065 Sq Ft|Retail - High Street, Restaurant/Cafes, Retail

PROPERTY DETAILS

FOR SALE£170,000.00
SIZE1065 Sq Ft
ADDRESS3 High Street, Chard, Somerset TA20 1QF
TYPERetail - High Street, Restaurant/Cafes, Retail
TENUREFor Sale Freehold
POSTED ON2nd June 2020

DESCRIPTION

Investment Consideration:
The property is arranged on ground and two upper floors to provide a restaurant, bar and kitchen to ground floor, while the upper floors provide integral residential accommodation of five rooms and bathroom.
Let on a lease expiring 2026. No breaks. Next rent review 2020.
Situated close to the junctions with Fore Street and Holyrood Street, in the town's main shopping area.
VAT is NOT applicable to this property.
Occupiers close by include HSBC, William Hill, Specsavers, Boots, NatWest, Superdrug and a number of local traders and restaurants.

Property Description:
The property is arranged on ground and two upper floors to provide a restaurant, bar and kitchen to ground floor, while the upper floors provide integral residential accommodation of five rooms and bathroom.

The property provides the following accommodation and dimensions:
Gross Frontage: 8.25 m 27'1"
Net Frontage: 3.30 m 10'6"
Shop Depth: 4.30 m 14’2”
Ground Floor
Restaurant & Kitchen: 64.8 sq m (687 sq ft)
First & Second Floor Residential - Five Rooms, Bathroom

Tenancy:
The entire property is at present let to SIZU MIAH (t/a Chillies Restaurant) for a term of 12 years from 1st September 2014 at a current rent of £13,020 per annum. The lease provides for rent reviews every third year of the term and contains full repairing and insuring covenants. Next rent review in 2020.

Location:
The attractive market town of Chard is located 12 miles south-east of Taunton on the A358 and 15 miles west of Yeovil on the A30. The M5 Motorway (Junction 25) lies some ten miles to the north-west via the A358. The property, which is listed, is situated close to the junctions with Fore Street and Holyrood Street, in the town's main shopping area. Occupiers close by include HSBC, William Hill, Specsavers, Boots, NatWest, Superdrug and a number of local traders and restaurants.

LOCATION

Location: 3 High Street, Chard, Somerset TA20 1QF

Feniton (4.6 miles)

Axminster (6.7 miles)

Crewkerne (8.2 miles)

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