COMMERCIAL
The Triangle, Castle Cary, Somerset, BA7
Guide Price
£375,000
- PROPERTY TYPE
Commercial Property
- BEDROOMS
2
- BATHROOMS
1
- SIZE
Ask agent
Key features
- Mixed-use investment property – Two one-bedroom flats and a ground floor office with stable rental income.
- Prime town centre location – Situated between Castle Cary High Street and Millbrook Gardens car park.
- Income-generating potential – Current office lease at £6,720 p.a. and one flat let at £470 p.c.m., with scope to increase.
- Secure Access – Keypad entry and fully alarmed building with low-maintenance outside space.
- Flexible commercial use – Potential for the office space to be used as a tea room, retail premises, or similar.
- Excellent transport links – Just a short distance from Castle Cary railway station (direct to London Paddington) and the A303.
Description
The Horsepond Courtyard, The Triangle, Castle Cary, Somerset, BA7 7BD
A great opportunity to acquire two one-bedroom flats and office premises, set in the heart of Castle Cary town centre.
The Property
The Horsepond Courtyard is an extremely conveniently located mixed-use premises set between the Milbrook Gardens public car park and the High Street. The ground floor offices (982 sq ft., less the communal hall and stairwell) are currently leased, providing a stable income for the current owners. As an alternative, there is potential to use this space as a tea room or retail unit.
The first floor consists of two separate one-bedroom apartments, each with a kitchen/dining/living room, a double bedroom with an en-suite and built-in wardrobes. Flat 1 is currently let on an Assured Shorthold Tenancy basis for £470 pcm (£5640 per annum), and Flat 2 is vacant. With some cosmetic improvements, we believe flat 2 could achieve circa £650 per calendar month.
Externally, there is a secure communal garden surrounding the property, which is predominantly laid to gravel for ease of maintenance, with shrub borders.
The building is fully alarmed, and the property itself is secured by a keypad entry.
While there is no parking included within the sale, the Millbrook Gardens car park is located within a 30-second walk.
Office Unit Lease Information
We have been informed that the lease is renewed on an annual basis, and two months' notice can be provided by either party. Currently leased at £6,720 per annum.
About the Area
Castle Cary is described by Sir Nikolaus Pevsner, the eminent architectural historian, as Somerset's prettiest town, set in beautiful, unspoilt countryside. The town is characterised by period buildings constructed of the distinctive honey coloured stone for which the area is well known. It remains a delightful small market town with several traditional shops and boutiques within the Conservation Area in which a policy of strict planning control operates to prevent inappropriate development. These shops cater for most everyday needs whilst Shaftesbury, Glastonbury, Street, Wells, Frome, Wincanton, Sherborne and Yeovil are all close by and Salisbury, Taunton, Bath and Bristol are within easy driving distance.
“The Newt in Somerset” just outside Castle Cary is home to beautiful countryside walks set in the grounds of a Georgian country estate. Within the estate, there are a Hotel & Spa, Farm shop, restaurants and house & garden shop.
On the outskirts of Castle Cary is the railway station with its direct line to Paddington and the A303 Road link is a few miles south. There are excellent state schools in the area - Ansford Academy boasts excellent exam grades and independent schools include the Sherborne and Bruton schools, Millfield, Wells Cathedral, Hazelgrove and Port Regis.
Local Authority
Somerset Council.
Council Tax Bands and Business Rates
Flat 1: A
Flat 2: A
Office: Delaware Foods Ltd. Class E - Rateable Value: £4,300
Important Notice
Roderick Thomas, their clients and any joint agents state that these details are for general guidance only and accuracy cannot be guaranteed. They do not constitute any part of any contract. All measurements are approximate and floor plans are to give a general indication only and are not measured accurate drawings. No guarantees are given with regard to planning permission or fitness for purpose. No apparatus, equipment, fixture or fitting has been tested. Items shown in photographs are not necessarily included. Purchasers must satisfy themselves on all matters by inspection or otherwise. VIEWINGS - interested parties are advised to check availability and current situation prior to travelling to see any property.
The Triangle, Castle Cary, Somerset, BA7
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Castle Cary Station0.9 miles
- Bruton Station3.4 miles
Notes
These notes are private, only you can see them.
Disclaimer - Property reference RDR_CST_LFSYCL_928_1061437667. 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 Roderick Thomas, Castle Cary. 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.
Map data ©OpenStreetMap contributors.