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Freehold Investment Property In Somerset For Sale

Wellington, Somerset
Asking Price:
£184,990
Turnover:
£12,000
Net Profit:
Available on request

• Substantial Freehold Investment Property
• Mix of Commercial and Residential
• Retail unit plus a residential apartment
• Busy main shopping street location
• Ample customer parking close by
• Situated just off the M5 Motorway

Falcon Commercial is delighted to offer for sale this marvellous opportunity to acquire the valuable freehold rights to a Commercial and Residential property which has recently undergone an extensive refurbishment. This substantial two-storey freehold parade property enjoys all the considerable commercial advantages of a highly visible trading position on one of the main shopping roads in Wellington, Somerset. It is surrounded by a good mix of complimentary independent and multiple businesses. Very close to the property is a fairly large Waitrose with free parking.

The premises currently feature separate self-contained retail premises, together with a self-contained private apartment which are currently let to produce a very healthy regular rental income.
This would naturally present a truly outstanding opportunity, particularly for someone looking to significantly increase their existing investment portfolio by the acquisition of a substantial and extremely well located additional freehold property which achieves a very healthy return on initial capital outlay.

Falcon Commercial recommends early negotiations on this rarely available unique investment opportunity.

Tenure
Freehold

Business Rates
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk

Legal Costs
Each party to bear their own legal costs incurred in the transaction unless otherwise agreed

Planning
For further information you should make their own enquiries to Taunton Deane Borough Council, The Deane House, Belvedere Rd, Taunton TA1 1HE tel 01823 356356

EPC
The EPC rating is: D

Rental income
The rental income is currently
• £4,800 per year from the retail unit
• £7,200 per year from the apartment

Property information

Property:

Freehold

Location:

Wellington is a small country town standing between the River Tone and the beautiful Blackdown Hills. It has a large number of speciality shops from which you can buy a wide range of goods. Local meats and cheeses are available and a farmers market is held every first and third Saturday of the month. The renowned Wellington Independent School is in the centre of the town. There are also several pubs and cafés and, as it is so close to Junction 26 of the M5, Wellington is an ideal place to break a long journey.

Wellington Food Town is a major initiative to make Wellington the 'Food Town' of Somerset and is a partnership between Somerset Food Links, Taunton Deane Borough Council and Wellington Economic Partnership.

The award-winning Wellington Park, which was given to Wellington town by the Fox family in 1903, has been restored thanks to a Heritage Lottery grant. The park was designed by F W Meyer of Exeter firm Veitch and Sons and is an important example of late Victorian design. The Friends of Wellington Park arrange a number of events in the park during the Summer months.

Premises Details:

Recently refurbished 2 storey premises, briefly comprising

Ground Floor
• Retail Unit

First floor
• Flat with Lounge, Kitchen, Bathroom and 3 Bedrooms

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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