AN investment property in the heart of Ilminster town centre is going up for auction.
The Key, an end terrace building in Market Place, is among the lots at the sale by Clive Emson on a freehold guide price of £110,000 to £120,000.
Its ground floor shop is already let on a 10-year commercial lease from October 2014 at a rent of £14,000 per annum.
There are four flats on the upper floors, each subject to a 999-year lease at a ground rent of £20 per annum.
Senior auction appraiser David Henwood said: “This is an attractive building which is well known in Ilminster.
“We expect it to appeal to investors looking to add a steady letting to their portfolio.”
Bidding is live from Monday, July 26, with the auction ending on Wednesday July 28.
For details of the auction click HERE.
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