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7 Sadler Street, Wells, Somerset, BA5 2RR

£550,000

Business rates & charges may apply

Cooper and Tanner, Cooper and Tanner Commercial
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SECTOR

Commercial property for sale

Key features

  • Outstanding Mixed Use Property
  • Investment Opportunity
  • Recently refurbished maisonette

Description

7 Sadler Street is an outstanding mixed use property. Arranged over three storeys the property is currently occupied as a let restaurant on the ground floor and recently refurbished vacant maisonette across the upper levels. There is no dedicated parking or external areas with the property but it is nearby ample public car parking.

The property presents an excellent investment opportunity generating income of £20,000 pa on the ground floor and potential Air BnB, letting or owner occupier maisonette in the heart of the historic city of Wells, fronting onto Sadler Street.

Ground Floor (subject to lease)
The ground floor is currently let to BDW's Bar & Grill, a popular local restaurant, with approximately three years remaining on the lease. Trading business unaffected. It comprises a welcoming dining area, bar, commercial kitchen, customer restrooms, and ancillary storage.

Maisonette (First and Second Floors - vacant)
The first floor features a recently renovated open plan living and dining area, separate kitchen is enhanced by an atrium style skylight. The refurbishment has been carried out with sensitivity to the building's character, preserving and highlighting features such as large sash windows and exposed original beams.

The top floor includes a spacious master double bedroom with en-suite shower room, further twin bedroom, and a generous family bathroom complete with a freestanding roll-top bath.


Sadler Street forms part of the main thoroughfare connecting the cathedral with the bustling Market Place and is surrounded by a mix of independent shops, cafes, and restaurants. Nearby destinations such as Glastonbury, Shepton Mallet, and the Mendip Hills are all within close reach, with the M5 motorway accessible via the A371 and A38 for connections to Bristol, Bath, and beyond.
W3W Location: ///televise.sunshine.beak


Interested parties must satisfy themselves regarding previous or future planning matters. Grade II* Listed and within the Conservation Area.

We are informed that the property is connected to mains electricity, gas, water and drainage.

By appointment only via Cooper & Tanner Commercial Department:

We are advised the property is NOT elected for VAT.

Freehold available, subject to and with the benefit of occupational lease. Let to BDW Ltd under lease date 10th December 2024, expiring 28th February 2029. There is a break option and RPI rent review August 2026. Contracted Out. Copy of lease available at Vendor discretion.

Outstanding Mixed Use Property

Investment Opportunity

Recently refurbished maisonette

7 Sadler Street, Wells, Somerset, BA5 2RR

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Castle Cary Station9.3 miles

About Cooper and Tanner, Cooper and Tanner Commercial

41 High Street, Glastonbury, BA6 9DS

With nine offices through North and South Somerset, extending into Bath and West Wiltshire, Cooper & Tanner are well placed to deal with a wide selection of Commercial properties throughout the South West region.

From shops and offices, industrial land and premises, investments, development opportunities or commercial management, we are able to provide a professional and effective approach tailored to suit your individual requirements.

As Chartered Surveyors, our team of experienced Surveyors, gives you unrivalled access to a range of professional services including Valuations for most RICS Red Book purposes, Building Surveys, Schedules of Dilapidations and Inventories. Whether a landlord or tenant, Cooper & Tanner can offer expert guidance on most tenancy matters including Rent Reviews and Lease Renewals.

For further information about how Cooper & Tanner can be of assistance to you, contact us by telephone or email.

Our list of available properties throughout our region, is regularly updated. When calling, ask for a copy to be sent to you.

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