Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
20 miles south of Bristol, 19 miles west of Bath, 20 miles south-east of Weston-Super-Mare
Roads
A371, A39, B3139
Air
Bristol City Airport
Situation
Wells is a popular and historic cathedral city some 19 miles west of Bath and 20 miles south of Bristol. The property is situated on the southern side of Market Street, adjacent to both the Priory Road and Princess Road Car Parks which serve the town centre.
Market Street links the town’s Tesco Superstore and Wells Bus Station to the west, with the town centre to the north east. The town’s High Street is within a minute’s walk of the property and offers retailers including WH Smith, New Look, Superdrug, Books and Vodafone.
Tenure
Freehold.
Location
Miles
20 miles south of Bristol, 19 miles west of Bath, 20 miles south-east of Weston-Super-Mare
Roads
A371, A39, B3139
Air
Bristol City Airport
Situation
Wells is a popular and historic cathedral city some 19 miles west of Bath and 20 miles south of Bristol. The property is situated on the southern side of Market Street, adjacent to both the Priory Road and Princess Road Car Parks which serve the town centre.
Market Street links the town’s Tesco Superstore and Wells Bus Station to the west, with the town centre to the north east. The town’s High Street is within a minute’s walk of the property and offers retailers including WH Smith, New Look, Superdrug, Books and Vodafone.
Tenure
Freehold.
Description
The property comprises a former brewery building with a car park, including a number of garages. The building and garages have been developed into an attractive retail centre currently occupied by a range of local occupiers, including Magpie Bistro Bar, Sew Vintage and Cathedral Taxis. The property benefits from on-site parking for approximately 13 cars.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a former brewery building with a car park, including a number of garages. The building and garages have been developed into an attractive retail centre currently occupied by a range of local occupiers, including Magpie Bistro Bar, Sew Vintage and Cathedral Taxis. The property benefits from on-site parking for approximately 13 cars.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Reversion
C
Ground
Retail
26.54 sq m
(285 sq ft)
INDIVIDUALS (t/a Cathedral Taxis)
3 years from 01/02/2013 (1)
£3,000
31/01/2016
D & E
Ground
Car Parking
29.17 sq m
(314 sq ft)
INDIVIDUAL
2 years from 01/04/2015
£1,000
31/03/2017
F
Ground
Retail
18.12 sq m
(195 sq ft)
INDIVIDUAL (t/a Saint & Grey)
2 years from 01/08/2015
£2,000
31/07/2017
G & H
Ground First
Retail/Ancillary Ancillary
43.73 sq m 18.67 sq m
(471 sq ft) (201 sq ft)
INDIVIDUAL (t/a Sew Vintage)
3 years from 18/10/2014
£5,820
17/10/2017
J
Ground
Retail/ Ancillary
95.77 sq m
(1,030 sq ft)
INDIVIDUAL (t/a Magpie Bistro Bar)
2 years from 01/08/2015
£4,800
31/07/2017
K
Ground
Retail
42.03 sq m
(452 sq ft)
INDIVIDUAL (t/a The Emporium)
2 years from 01/08/2015 (2)
£2,700
31/07/2017
I
First
Ancillary
167.55 sq m
(1,804 sq ft)
VACANT POSSESSION (3)
Market Stall
Ground
Retail/Car Parking
Not Measured
INDIVIDUAL (t/a Fruit & Veg stall)
2 years from 01/04/2014
£1,350
31/03/2016
Ground
Car Parking
7 spaces
VARIOUS
5 separate leases
£3,250
Various
Ground
Car Parking
6 spaces
VACANT POSSESSION
Totals
441.58 sq m
(4,752 sq ft)
£23,920
(1) The lease for the unit trading as Cathedral Taxis includes two car parking spaces. (2) The lease has not yet completed. (3) Unit I is accessible only via the Magpie Bistro Bar. (4) An area known as Unit A is currently under offer to the tenant of the Market Stall. Please refer to the Auctioneers for further information.
