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1 Church Street, Wedmore, Somerset, BS28 4AB

Guide Price
£300,000

£93.78 per sq ft

Business rates & charges may apply

Vickery Holman, Exeter
SIZE AVAILABLE

3,199 sq ft

297 sq m

SECTOR

High street retail property for sale

Key features

  • Highly prominent retail premises
  • Approx. 3,199 sq ft (297 sq m)
  • Located in the affluent village of Wedmore
  • Significant redevelopment potential subject to planning
  • Numerous quality local shops in the village
  • Italianate Style building originally designed by John Tonkin
  • A purchase at the Guide Price of £300,000 equates to a NIY of 5.60% (taking purchasers costs at 3.30%)

Description

The property consists of a prominent Italianate style Grade II Listed retail premises over ground, first and second floors originally designed by John Tonkin as a 'fashionable house' in the village. The ground floor benefits from a good size sales area to the front and storage to the rear.

On the first floor the property benefits from a large open plan storage space which leads to the second floor that is also utilised for storage accommodation. The property is currently occupied by Wedmore Pharmacy.

Location

The property is located in the affluent large village of Wedmore in the county of Somerset. The parish consists of three main villages: Wedmore, Blackford, and Theale with a population of circa 3,318. The village itself is located approx. 4 miles south of Cheddar, 7 miles west of Wells and 7 miles north west of Glastonbury.

The village benefits from medical and dental facilities, butchers, village store, three public houses and several other local shops that serve the local community.

Accommodation

All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition).

Ground Floor: 1,197 sq ft (111.20 sq m)
First Floor: 1,143 sq ft (106.16 sq m)
Second Floor: 860 sq ft (79.87 sq m)
Total: 3,199 sq ft (297 sq m)

Planning

The amended use classes would mean this property could be used for E class uses.

Rent / Price

The property is available at a Guide Price of £300,000 for the freehold. A purchase at this level equates to a NIY of 5.16% (taking purchasers costs at 3.30%).

Business Rates

From the Valuation Office Agency website ( we understand that the current Rateable Value is £21,250.00 therefore making the approximate Rates Payable £10,603.75 per annum for 2023/24.

Services

We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

EPC

E (108)

Legal Fees

Each party to be responsible for their own legal fees in relation to this transaction.

VAT

All figures quoted are exclusive of VAT if applicable.

Brochures

1 Church Street, Wedmore, Somerset, BS28 4AB

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Highbridge & Burnham Station7.1 miles

About Vickery Holman, Exeter

Balliol House Southernhay Gardens, Exeter, EX1 1NP

Vickery Holman is a multi-disciplined property company, the roots of which can be traced back as far as 1848. Today, the consultancy has more than 60 people working in four offices, strategically placed across the South West. Vickery Holman is a limited company, owned by its employees, and is a member of the RICS (Royal Institution of Chartered Surveyors).

Our consultants offer a full spectrum of skills in all areas of property, from all aspects of general practice and building surveying, right through to the management of commercial and residential property. Our specialist areas include dispute resolution, development consultancy, valuation, lease consultancy, business rates negotiations, in addition to commercial sales, lettings and acquisitions.

We deliver commercial property opportunities to a wide range of clients from single tenants to large scale investors. Our tailored, personal service aims to empower all our clients, whether they are new to property or seasoned professionals. We believe communication through personal contact is key to highlight those investment opportunities or potential pitfalls.

Can't find what you are looking for here? Call one of our offices in your area to speak to our experts who can identify with your property requirements and guide you through the process to find the right option for you.

Notes

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Disclaimer - Property reference 21040FH. 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 Vickery Holman, Exeter. 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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