High Street, Glastonbury

LOCATION
Rare opportunity to acquire the freehold of a prominent Grade II listed building in the centre of Glastonbury High Street. It is an attractive and versatile building and an excellent opportunity for an owner occupier retailer or investor.

DESCRIPTION
The opportunity has arisen due to Vendor´s desire to retire from the specialist gift and jewellery business "Yin Yang", which currently occupies the retail part of the building. The business, established for over 20 years, is also available for sale as a going concern, or there may be potential for a lease scenario at a guide rent of £34,500pa.
In addition, there is a self-contained retail/office space on the ground floor at the rear of the property (Whalebone Mews) currently let. There is access via the Mews to the upper floors. The first floor provides three good-sized owner-occupied consultation rooms/offices. On the second floor there is an excellent quality large two-bedroom flat, currently let.

ACCOMMODATION
Features & Occupation
- Attractive Grade II listed building in prominent High Street location
- Various income opportunities and scope to reconfigure.
- The principal retail area and mezzanine storage is currently occupied by Yin Yang, a specialist gift and jewellery business, ran by the Vendors. There is an opportunity to acquire existing retail business and stock, by separate negotiation.
- First floor consultation rooms, let per room basis generating circa £15,000pa income offering excellent rental income potential or scope to create a flat, STPP
- 10B is a separate self-contained, ground floor, retail unit. Currently let on a short-term basis £6,600pa, expiry August 2024.
- 10C is a large, two-bedroom, second floor flat, in excellent order. Let on Assured Shorthold Tenancy £935pcm, until August 2024.
- CCTV, intruder, and fire alarms.

TERMS
Available Freehold, subject to and with the benefit of a lease on the retail unit to side (10B) and a tenancy on the second floor flat (10C).

OUTGOINGS
Council Tax Band/Business Rates
10 - (Ground and First Floor) - £19,000
10A - (Ground Floor) - £7,000
10B - (Part Ground): £2,800 (small business rate relief may apply)
10C - (Second Floor Flat) - Council Tax Band B

VAT
Not elected for VAT

PARKING NOTES
None

PLANNING
The Property is Grade II Listed and located within the Glastonbury Conservation Area.
We understand the commercial elements benefit from consent for Class E type uses.

OTHER
Tenure Freehold, with part flying freehold.

VIEWING
Strictly by appointment with the sole agents, Cooper & Tanner