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image  Commercial Road, Shepton Mallet, Somerset, BA4


image ££500,000

Property Description

LOCATION
The historic market town of Shepton Mallet is located in the Mendip district of Somerset, five miles east of Wells, England's smallest city. Both the City of Bristol and the picturesque City of Bath, a World Heritage Site, are located just 18 miles away and easily accessible. Shepton Mallet itself offers a range of local amenities and shopping facilities including a large supermarket, leisure centre, lido with fitness centre, a choice of pubs and restaurants, dentists and doctors, a Grade I Listed church and both primary and secondary state schools. There are also many highly-regarded independent schools (Prep & Senior) within easy reach, such as All Hallows Prep School, Downside School, Wells Cathedral School and Millfield School. For those travelling by train, Castle Cary station (which has direct services to London Paddington) is situated only six miles away

DESCRIPTION
A rare opportunity to purchase a newly converted Grade II Listed former Police station, finished to a particularly high standard and available with planning permission granted for a House of Multiple Occupancy (HMO). This superb period property has been thoughtfully configured and now offers nine lettable bedrooms and excellent communal facilities which include three modern shower rooms, two kitchens plus a residents' lounge and laundry room. Furthermore, there are seven single garages located directly behind the building which generate an additional income as well as off road parking for numerous vehicles. For sale with no onward chain, viewings are available by appointment and advised to appreciate the accommodation on offer.

ACCOMMODATION
Entering the building from the rear, the accommodation is as follows. A secure door opens into a hall which gives access into two adjoining shower rooms. Each fitted with a modern white suite, the shower rooms include a double shower cubicle, a low level WC, a pedestal wash hand basin, full height tiling, a large wall mounted mirror and a window to the rear. Across the hall is a useful communal laundry room with work surfaces, a stainless steel drainer sink and space for washing machines and tumble driers. The hall then continues down to two contemporary kitchens, both of which have a range of matching floor and wall units, a tiled floor, stainless steel drainer sinks, an electric oven and two electric hobs with extractor hoods over. In total, there are six bedrooms located on the ground floor of the property, all varying in size (two of which on this level are very generous doubles) and all presented in excellent order. Also located on the ground floor is a store room, a residents lounge which external access to the front and a traditional hall which staircase to the first floor. The accommodation upstairs offers three further bedrooms, two of which are again good size doubles, plus a third shower room. The building is served with gas-fired central heating.

Should a purchaser look to utilise the building as an HMO, we anticipate five of the bedrooms achieving in the region of £100 per week with the four larger rooms circa. £115-£125 per week (inc. bills). On this basis, at capacity the property could generate an annual income from the accommodation of approx. £50,000 per annum.

Gated vehicular access to the side of the adjoining property gives access to a block of seven single garages with 'up and over' doors. The garages are currently let on rolling monthly agreements which generate an income of just over £5000 per annum. With demand currently high for garaging in the area, there is certainly scope for other long term lease agreements if desired allowing an excellent income alongside the property itself. In front and to the side of the garages is an area of hardstanding providing off road parking for numerous vehicles. The property can be accessed via lockable doors to both the front and rear

TERMS
Should a purchaser look to utilise the building as an HMO, we anticipate five of the bedrooms achieving in the region of £100 per week with the four larger rooms circa. £115-£125 per week (inc. bills). On this basis, at capacity the property could generate an annual income from the accommodation of approx. £50,000 per annum.

OUTGOINGS
Local Council: Mendip District Council.

PARKING NOTES
Gated vehicular access to the side of the adjoining property gives access to a block of seven single garages with 'up and over' doors. The garages are currently let on rolling monthly agreements which generate an income of just over £5000 per annum. With demand currently high for garaging in the area, there is certainly scope for other long term lease agreements if desired allowing an excellent income alongside the property itself. In front and to the side of the garages is an area of hardstanding providing off road parking for numerous vehicles. The property can be accessed via lockable doors to both the front and rear

VIEWING
Strictly by appointment through Cooper and Tanner LLP.


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Shepton Mallet

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