Investment sold within Taunton

Humberts have recently agreed the sale of 59 and 59A (Flat 3) East Reach, Taunton. The investment was for sale at a guide price of £135,000 and had a passing rent of £13,600 per annum. The prominent retail unit had main road frontage onto the A38 which is one of the main thoroughfares into the town centre. The property provided a ground floor shop unit with an area of 62.95m2 (677 ft2) plus store, kitchen and WC facilities. At first floor there was a 1 bedroom self-
contained flat.

Stephen Richards who heads up the Commercial department for Humberts comments “we have seen the demand for smaller commercial investments of this type growing steadily since the beginning of the year. Currently we have a similar investment within Cheddar with a guide price of £199,000 and a passing rent of £16,906 per annum. We are receiving strong interest for this property known as Somerset House which shows an improving commercial property market within Somerset”.