Substantial and attractive Grade II listed building enjoying a prime town centre location. Fully let currently generating a gross income of £44,640pa and net of inclusive outgoings £35,930pa.
High Street ground floor retail premises with 3 self-contained residential flats above together with a separate chalet bungalow accessed from Regal Way.
Ground floor retail space accessed from the High Street. Flexible retail space with prominent shop frontage (4.92m internal width). Separate kitchenette and W/C.
Access is taken from the High Street into a common lobby area with Reception Hall. Stairs to the first floor.
Flat 1 – Reception hall. 2 bedrooms, lounge, kitchen and bathroom.
Staircase to second floor with reception area including storage. Flat 2 – Reception area leading to hallway, 3 bedrooms, communal kitchen/dining area and bathroom.
Staircase to third floor leading to lobby, with store cupboards. Flat 3 – entrance hall leading to hallway, kitchen, shower room, lounge and one bedroom.
Rear Bungalow Flat, Regal Way
Accessed via right of way over adjoining property taken from Regal Way. A timber construction comprising of three bedrooms with a communal bathroom and kitchen.
Situated within the town centre surrounded by a mix of residential and commercial properties. Shepton Mallet is an historic market town with a wide range of facilities and amenities including retail, employment, leisure and education. The nearby centres of Wells, Frome and Radstock provide further amenities. There are good road connections to Bristol and Bath as well as to the motorway system and rail links from Castle Cary.
Tenure and Occupation
The freehold is being offered for sale subject to the existing tenancies. Full lease details are available from the agent’s following a successful viewing.
The shop is let to SOS Africa Charity Shop from 1st January 2018 for a 10 year term. Rent of £6,960pa excl.
Residential units are let on Assured Shorthold Tenancies and the following rents are passing.
Flat 1 – £600pcm excl.
Flat 2 – £960 every 4 weeks*
Flat 3 – £460pcm excl.
Rear Bungalow - £960 every 4 weeks*
*Flat 2 and Rear Bungalow are inclusive of outgoings with 3 separate occupiers within each.
Shepton Mallet Somerset