13-13A Broad Street, Wells
£221.79 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,781 sq ft
165 sq m
- SECTOR
High street retail property for sale
Description
LOCATION
Located on the eastern side of Broad Street, a strong secondary trading position within Wells City Centre.
DESCRIPTION
The retail unit is let to DBM Investments Ltd an established franchise of Cook, the frozen food retailer. Originally let on a 15-year term from September 2010. An extension to the lease has just been agreed for 5 years extending the term until 29th September 2030. Passing rent of £1,625 per calendar month / £19,500 per annum, exclusive.
The office (first floor) is currently let to Jigsaw Recruitment Ltd at £250 per calendar month / £3,000 per annum, exclusive. 5 Year term from 9th March 2021 that was originally due to expire in March 2026. Please note, tenant has exercised their break clause under the lease and will vacate by 18th July 2024.
The maisonette is occupied on a periodic Assured Shorthold Tenancy, at £8,700 per annum / £725 per calendar month.
Full copies of the occupational leases are available on application following a successful viewing and at discretion of the Vendor.
SERVICES
We understand that the property benefits from connection to mains gas, electric, water and drainage. Gas combi boiler to the flat. Services and appliances not tested.
TERMS
Available Freehold, subject to and with the benefit of the existing occupational leases.
OUTGOINGS
Business Rates:
Shop - £17,250 (Rateable Value).
Office - £2,650 (Rateable Value).
Council Tax:
Maisonette - Band B
VAT
We understand VAT is NOT payable on the purchase price.
LEGAL COSTS
Each party to bear their own legal and professional costs
PARKING NOTES
None
PLANNING
The property is not Listed but does fall within the Wells Conservation Area. (Adjacent property No. 11 is listed).
Assumed Class E on the ground floor shop and first floor office. Assumed C3 on the maisonette.
VIEWING
Strictly by appointment only through the sole agents Cooper and Tanner 1908 Ltd -
Brochures
13-13A Broad Street, Wells
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Castle Cary Station9.2 miles
About Cooper and Tanner, Cooper and Tanner Commercial
41 High Street, Glastonbury, BA6 9DS
With nine offices through North and South Somerset, extending into Bath and West Wiltshire, Cooper & Tanner are well placed to deal with a wide selection of Commercial properties throughout the South West region.
From shops and offices, industrial land and premises, investments, development opportunities or commercial management, we are able to provide a professional and effective approach tailored to suit your individual requirements.
As Chartered Surveyors, our team of experienc
Notes
Disclaimer - Property reference 101148033695. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Cooper and Tanner, Cooper and Tanner Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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