Units 1–5, 2–6 Fore Street & Buck House, Chard, Somerset TA20 1PH

Description

5 Town Centre Shops - Gross Yield 11% 6 Week Completion Forming part of a town centre parade comprising 5 Ground Floor Shops, 4 of which have Ancillary Accommodation on the first floor, together with separate side access to Self-Contained Offices (sold-off on a long lease) on part first and second floors. In addition, the property includes a Service Yard for loading/parking. VIDEO TOUR Click here to view the video tour of Unit 2.

Accommodation

on the first floor, together with separate side access to Self-Contained Offices (sold-off on a long lease) on part first and second floors. In addition, the property includes a Service Yard for loading/parking. VIDEO TOUR Click here to view the video tour of Unit 2.

Location

Located at the junction with Holyrood Street in this prominent corner position within the town centre amongst multiples as Boots, Costa, Hays Travel and Age Concern as well as a number of independent retailers. Chard is an attractive market town located approx. 12 miles south-east of Taunton and 15 miles west of Yeovil benefitting from good road access to the M5 motorway via the A303.

Auctioneer Source Facts

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Commercial Investment. Verify the legal pack, tenancy schedule, title, condition, finance and local market evidence before fixing a maximum bid.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, repairs, decoration and any structural, roofing, fit-out, common-parts or development works identified.

Rental & Market Context

Where the auctioneer publishes passing rent, that figure should take priority over HB modelling. Otherwise, HB income/value figures are indicative appraisal ranges and require local verification.

Sold within approximately 5 miles

Check recent HM Land Registry transactions and closely matched commercial or residential comparables for tenure, covenant, size, condition and location.

Potential BRRR Position

Refinance potential depends on lender valuation, lease/title, income covenant, completed condition and stress testing. Commercial and mixed-use assets may require specialist finance.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the complete legal pack and special conditions

• Verify tenure, occupational leases and rent schedule

• Inspect condition and obtain contractor quotations

• Confirm planning/use class and development constraints

• Confirm finance, VAT and insurance position

• Allow for Barnett Ross administration fee and any seller costs in the legal pack

Recommendation

Proceed only where verified total project cost and income support the intended commercial investment strategy with adequate contingency and margin.

Strategy Rating

Commercial Income: ★★★★☆ | Development: ★★★☆☆ | Resale: ★★★☆☆