Commercial property for sale in Fore Street, Wellington TA21
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Property features
- Of interest to investors and developers
- Freehold Retail Investment with Development Opportunity on the upper parts
- Ground floor commercial let at £15,000 pa
- Vacant upper parts with planning permission for 4 x one bed flats
- The upper floors are self contained and have their own access via the side & rear of the property
- Space at the rear of the ground floor that may offer further development potential (subject to the requisite consents)
- Asset management opportunities
Property description
Strapline
Auction Sale - 24/01/2024
Of interest to investors and developers
Freehold Retail Investment with Development Opportunity on the upper parts
Investment part let at £15,000 pa (plus vacant upper parts with planning permission for 4 x one bed flats)
Description
The property comprises a three storey building arranged as a ground floor shop with vacant upper parts. The first and second floor have planning permission granted for 4 x one bed flats. The upper floors are self contained and have their own access via the side & rear of the property. There is space to the rear of the property an approx. 102 sq ft which may offer further development potential (subject to the requisite consents)
Location
Wellington is approximately 6 miles south-west of Taunton and 28 miles north-east of Exeter. The property is located on the north side of Fore Street, next to jd Wetherspoons, with other nearby occupiers including Superdrug, Co-op Food, WHSmith, Coffee #1 and Lloyds Bank.
Tenancy
Please see tenancy and accommodation schedule.
Accommodation
Please note the approximate areas have been provided by the voa and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the
exact boundary of the site.
Planning
The first and second floor have planning permission granted for 4x one bed flats (ref: 43/23/0063/cg and 43/23/0035) .For further information please contact Somerset Council.()
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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