Retail/Shop for sale Shepton Mallet BS28 4AB,3199sq ft

1/4

Retail/Shop

Retail/Shop For Sale Shepton Mallet

PROPERTY ID: 129628

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

3,199 sq.ft

Key Features

Highly prominent retail premises

Approx. 3,199 sq ft (297 sq m)

Located in the affluent village of Wedmore

Significant redevelopment potential subject to planning

Numerous quality local shops in the village

Italianate Style building originally designed by John Tonkin

A purchase at the Guide Price of £300,000 equates to a NIY of 5.60% (taking purchasers costs at 3.30%)

Property Details

The property is located in the affluent large village of Wedmore in the county of Somerset. The parish consists of three main villages: Wedmore, Blackford, and Theale with a population of circa 3,318. The village itself is located approx. 4 miles south of Cheddar, 7 miles west of Wells and 7 miles north west of Glastonbury. The village benefits from medical and dental facilities, butchers, village store, three public houses and several other local shops that serve the local community.

The Property Consists Of A Prominent Italianate Style Grade Ii Listed Retail Premises Over Ground, First And Second Floors Originally Designed By John Tonkin As A 'fashionable House' In The Village. The Ground Floor Benefits From A Good Size Sales Area To The Front And Storage To The Rear. On The First Floor The Property Benefits From A Large Open Plan Storage Space Which Leads To The Second Floor That Is Also Utilised For Storage Accommodation. The Property Is Currently Occupied By Wedmore Pharmacy. Location The Property Is Located In The Affluent Large Village Of Wedmore In The County Of Somerset. The Parish Consists Of Three Main Villages: Wedmore, Blackford, And Theale With A Population Of Circa 3,318. The Village Itself Is Located Approx. 4 Miles South Of Cheddar, 7 Miles West Of Wells And 7 Miles North West Of Glastonbury. The Village Benefits From Medical And Dental Facilities, Butchers, Village Store, Three Public Houses And Several Other Local Shops That Serve The Local Community. Accommodation All Areas Are Approximate And Measured In Accordance With The Rics Property Measurement (2nd Edition). Ground Floor: 1,197 Sq Ft (111.20 Sq M) First Floor: 1,143 Sq Ft (106.16 Sq M) Second Floor: 860 Sq Ft (79.87 Sq M) Total: 3,199 Sq Ft (297 Sq M) Planning The Amended Use Classes Would Mean This Property Could Be Used For E Class Uses. Rent / Price The Property Is Available At A Guide Price Of £300,000 For The Freehold. A Purchase At This Level Equates To A Niy Of 5.16% (taking Purchasers Costs At 3.30%). Business Rates From The Valuation Office Agency Website (www.voa.gov.uk) We Understand That The Current Rateable Value Is £21,250.00 Therefore Making The Approximate Rates Payable £10,603.75 Per Annum For 2023/24. Services We Understand That Mains Electricity, Water And Drainage Are Connected To The Property However These Services Have Not Been Tested By The Agents. Interested Parties Should Make Their Own Enquiries. Epc E (108) Legal Fees Each Party To Be Responsible For Their Own Legal Fees In Relation To This Transaction. Vat All Figures Quoted Are Exclusive Of Vat If Applicable.

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About the Agent

Vickery Holman

See Agent's Other Properties

Retail Unit

£300,000 Freehold

1 Church Street, Shepton Mallet, BS28 4AB

Retail/Shop - Available
3,199 sq ft
297 sqm

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