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£1m investment purchase in Taunton's East Street by Davies Holdings

wantspacegotspace.co.uk - £1m investment purchase in Taunton's East Street by Davies HoldingsA retail property in Taunton has been bought by a Somerset-based investment company for just over £1 million.

The freehold for the property, in the town's East Street, one of Taunton's main shopping arteries, has been purchased by Langport-based Davies Holdings (Somerton) Ltd for £1.15 million.

It is currently let to Specsavers Ltd and comprises a ground floor shop, rear yard area and staff accommodation on the first and second floors.

Leading independent firm of commercial property consultants Hartnell Taylor Cook advised Davies Holdings. Jason Herbert, director in Hartnell Taylor Cook's retail team, said: "The current tenant, Specsavers, has just signed a new 15 year, full repairing and insuring lease making this an excellent investment property."

He added: "Taunton has always had an excellent mix of boutique and national chain shops, which combine to create a very attractive retail proposition in the South West."

Posted by The Editor (wantspacegotspace) on 13th April 2013 (updated 15/04/2013)

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