Key Features
Description
The property, which dates back to the 18th Century, is predominantly arranged over ground and first floors, although one of the retail units has basement storage. The building has stone elevations and a tiled roof whilst there is rear access and parking, to include garages within a yard at the rear of the property. There are 5 retail units, 2 of which are converted from the former Court House and Police Station and 8 age restricted residential apartments with communal areas on the ground and first floors that have been sold off on long leases. Each shop is independently serviced and has its own WC facilities.
Popular town with a large catchment area in the heart of Somerset
Well maintained and managed building, substantially refurbished in recent years.
5 retail units providing different income streams and reduced risk.
8 age restricted apartments with parking to rear and communal areas sold off on 999 year leases.
Retail units plus estate office totalling 2,267 sq ft.
Rental income £41,805 pa when fully occupied plus ground rents totalling £3,850 pa.
Location
The property is prominently located fronting Somerton’s market square on the south side of West Street and Market Place, a prime trading location in the town centre.
Surrounding uses are a mixture of retail, leisure, office and residential including the adjacent White Hart Public House. Somerton is an attractive rural town with a number of historical properties including a medieval square within the town centre. The town serves a large rural catchment area between Yeovil to the south, Glastonbury to the north and Langport to the west.
The A303 London to Penzance trunk road and the A37 are readily accessible, whilst the M5 is within 20 minutes’ drive to the west.
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