Chesterton Humberts have recently agreed the sale of Unit 6 Fideoak Mill, Fideoak, near Bishops Hull on the edge of Taunton. Unit 6 had a gross internal area of 121.85 sq m (1,311 sq ft) and was subject to a lease at a rent of £6,500 per annum with 2 years unexpired on the term. The unit was available at a guide price of £64,950 for the freehold interest.
Chesterton Humberts are currently marketing Unit 3 at a guide price of £149,950 for the freehold interest. The unit extends to 309.03 sq m (3,325 sq ft) and is currently let at a rent of £17,160 per annum and has 7 years unexpired on the term.
Stephen Richards of Chesterton Humberts comments “We have seen an increase in demand for investment properties in the last 6 months as the market is improving. The lot sizes at Fideoak Mill are extremely competitive and manageable for many first time and local investors”.