Restaurant for sale

Cornhill, Bridgwater, Somerset TA6


£149,950
2,000 - 2,557 ft²

Features

  • Between wh Smith and Costa with Coffee # 1, New Look and Boots nearby.
  • Character building with potential to convert upper floors subject to necessary planning consents.
  • Freehold Guide Price: £149,950
  • Ground floor retail sales and stores of 530 sq ft plus another 2,027 sq ft in the basement, first, second and third floor ancillary .
  • Prominent position within Bridgwater's town centre.

Description

Prominent position within Bridgwater's town centre.
Between wh Smith and Costa with Coffee # 1, New Look and Boots nearby.
Grade II Listed building with potential to convert upper floors subject to necessary access and planning consents.
Ground floor retail sales and stores of 530 sq ft plus another 2,027 sq ft in the basement, first, second and third floor ancillary.

Freehold Guide Price: £149,950

Location
The premises' occupy a prominent town centre position in Bridgwater's prime pedestrianised trading location within the immediate vicinity of a number of national occupiers.
Bridgwater, with a population of 41,000, is a market town located 9 miles north east of Taunton and 40 miles south of Bristol. The town benefits from access to both junctions 23 and 24 of the M5 motorway and has attracted substantial residential and commercial development in recent years, with Hinkley C expected to attract further growth.

Description
The premises' comprise a Grade II Listed mid-terraced building with retail sales on the ground floor plus ancillary accommodation in the basement and on the first, second and third floor levels.
The property has been owned and occupied by Rossiter & Sons jewellers since 1950 and is suitable for a number of retail uses under the new E Class Use. To the rear of the ground floor sales area is a small area for storage, a WC and a covered yard, there is no rear access. The upper floors, having previously been occupied as a flat, are arranged as a kitchen, bathroom and living room on the first floor, two bedrooms on the second floor with a further four rooms on the third floor. The upper floors are all in need of refurbishment and modernisation. The former flat is only accessed via the shop, there is no separate access.

Business Rates
The valuation office website shows the premises to have a current rateable value of £15,500 per annum.
Interested parties should make their own enquiries with the Local Authority to ascertain the rates payable. A change in occupation may trigger an adjustment to the rating assessment

Energy Performance Certificate
The property is Grade II Listed so it is exempt from requiring an EPC.

Price
The property is available for sale freehold with vacant possession at a guide price of £149,950.
VAT

We are advised the property is not registered for VAT, therefore VAT will not be payable on the purchase price.
Nb

The upper floors within this property are dilapidated and in our opinion potentially dangerous. We have taped off the bottom of the stairs and our advice is to not inspect these areas. If you decide to inspect, this this will be at your own risk.

Viewing
Strictly by appointment with sole agents:-
Joseph Hughes
Greenslade Taylor Hunt
9 Hammet Street, Taunton, Somerset, TA1 1RZ
Telephone: Email:

Categories

Restaurants
Call
Property reference
CP_8A287E2040_24