1 Fore Street, Wellington, Somerset TA21 8AA
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key 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
Description
StrapLine
Auction Sale - 24/01/2024Of 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.( )
1 Fore Street, Wellington, Somerset TA21 8AA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Taunton Station6.3 miles
About the agent
Savills Auctions, London
33 Margaret Street London W1G 0JD
Savills Auctions are specialist residential and commercial property auctioneers with an unrivalled depth of experience and market knowledge.
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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