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Park St - County Hall

39,874 SF Office Condo Unit in Taunton TA1 4DY

Investment Highlights

  • Forms part of the County Hall in the town centre of Taunton
  • Convenient access to Taunton Railway Station with mainline rail services (1 hr 45min to London Paddington)
  • Within reach of town centre retail, hospitality and leisure facilities
  • The M5 motorway is accessible at Junction 25, with the A358 linking to the A303 in Ilminster (11 miles south east)

Executive Summary

The Property comprises a seven storey linked office building with basement car park and workshop/stores below, which appear to have been constructed around 1964 as part of County Hall. Themainbuildingis of concreteframeconstruction withfrontandrearelevationscomprisingaluminiumwindowswithconcretesectionpanellingundera flatroof.Thebuilding islinkedtoBlock B via link block (first floor level). Internally, the building is arranged around a service core which incorporates a main staircase and WC facilities on each floor. The building also benefits from two passenger lifts. Externally there is a landscaped campus style area. Within this area is a further underground workshop/store and back up generator compound with fuel tank.

Property Facts Sale Pending

Unit Size 39,874 SF
No. Units 1
Total Building Size 571,520 SF
Property Type Office (Condo)
Sale Type Owner User
Building Class B
Floors 9
Typical Floor Size 35,353 SF
Year Built 1964
Tenancy Single
Lot Size 4.80 AC

1 Unit Available

Unit Block C County Hall

Unit Size 39,874 SF
Condo Use Office
Sale Type Owner User
Tenure Freehold
Sale Notes

The property is available on a freehold basis with Vacant Possession save the telecommunications mast on the roof (lease dated 22 December 2016, at a rent of £12,000 per annum, ending on 21 December 2026).
Bids are invited for the property by 12 noon on Friday 2 August 2024, to be submitted by email only.
Bidding Guidance is attached or can be downloaded on the data room HERE or by contacting the agents.

Our clients, Somerset Council, have ambitions to increase the provision of Key Worker accommodation within the town, in particular accommodation serving the health and social care sectors. Bids based on redevelopment schemes incorporating Key Worker accommodation aligned with these aims and aspirations will be viewed positively by the Council.

The vendor is not obliged to accept the highest offer or indeed any offer throughout the marketing process. They reserve the right to interview prospective purchasers and see best and final bids at any point in the process if considered necessary

Amenities

  • Security System
  • Storage Space
  • Listing ID: 32439092

  • Date on Market: 2024-07-12

  • Last Updated:

  • Address: Park St, Taunton TA1 4DY

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