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Commercial Property for sale

High Street, Glastonbury

Withdrawn from Market £400,000

Property Description

Full description

Tenure: Freehold

13 High Street is prominently located within the centre of Glastonbury, also accessed from the town´s main car park at St John´s Square. Adjacent to the property is The Gauntlet, a popular destination for locals and tourists alike, and in itself forms an essential and busy passageway between St John´s car park and the High Street. The property sits proudly next to The Gauntlet, whilst The Tribunal is a couple of properties down, rich in the town´s history.

Glastonbury itself is located about 25 miles south of Bristol and approximately 30 miles to the west of Warminster and boasts a population of some 9,000 (approximation based on the 2011 census) and is within 1 mile of Street, which has a population of about 12,000 (based on the 2011 census). Furthermore, Glastonbury is a popular tourist destination, arguably most famous for the Glastonbury Festival but also for its leisure attractions including The Gauntlet, The Tribunal, The George & Pilgrims Hotel, Glastonbury Lake Village, Glastonbury Abbey, Somerset Rural Life Museum and Chalice Well.

The building is arranged on basement (90 sq ft), ground (1,800 sq ft) and first floor (735 sq ft). The property has been well maintained. The most recent use is that of a bank with ancillary accommodation above, under use class A2 of the Town & Country Use Classes Order 1987 (as amended). There is a substantial car park to the rear for about 10 car parking spaces available by negotiation.

Subject to planning, it is considered that the first floor could be converted for residential use and alternative retail, office and leisure uses would be suitable for the ground floor. The car park is considered to be suitable for a new build residential scheme STPP.

Freehold - available on a new lease or outright sale with Vacant Possession.
Redevelopment potential STPP over private car park to the rear - available by way of separate negotiation
Adjacent to ´The Gauntlet´, the town´s primary shopping thoroughfare
Next to the main public car park for Glastonbury
Previously occupied by HSBC with A2 planning consent - suitable for A1 and A2 use
Other uses considered to be suitable STPP
2,625 sq ft / 244 sq m NIA with 1,800 sq ft ground floor (option to lease the original ground floor only of 900 sq ft)
Excellent frontage of 10.4m
Close to the towns popular market & many attractions including The Abbey & The Tribunal

Mains water, electricity, gas and drainage are available and are believed to be connected. Purchasers are advised to make their own
inspections. EPC C68, a copy is available.

The property is available at a price of £400,000 or on a new lease at a rent of £19,500 to £27,000 pax.

According to the Valuation Office Agency the charging authority is Mendip and the individual premises are described as ´bank and premises´. The rateable value (RV) is £21,500, for the period 2015-16. By multiplying the RV by the standard UBR (2015/16 rate is 0.493), this gives the annual rates payable. For further information / clarification please contact the charging authority.

Energy Performance Certificates (EPCs)

Map & Street View

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