Market Place, Wells, Somerset, BA5

££24,500 per annum

Retail Property - High Street To Let

LOCATION
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The property is situated in a strong trading position at the heart of the Market Place in Wells, which sees twice weekly markets on Wednesday and Saturday. This pitch has a mix of well established local independent retailers. The property is within an 100m walk from both Wells Cathedral and the Bishop’s Palace.

DESCRIPTION
A Grade II*, mid-terrace, three-storey property providing retail space at ground and first floor levels with ancillary space on each level. Recessed timber shopfront. Staircase to front right-hand side leading to first floor sales area. Staircase (staff) to rear. Front servicing unit. Level entrance.
Indicative floor plan to follow.
Previous occupier had it setup for approx. 35 seats (15 downstairs and 20 upstairs). Scope to increase capacity with separate table licence from the town council.
Small external courtyard area / bin-store to rear.

ACCOMMODATION
Accommodation
Ground - Sales & Kitchen 50.20 sq m
First - Sales 33.69 sq m
Sales 83.89 sq m

Ground - Ancillary 6.90 sq m
First - Ancillary 7.03 sq m
Second - Ancillary 48.68 sq m
Ancillary 62.61 sq m

Net Internal Area 146.5 sq m

Max Sales Area Width – 5.588m / 18’ 4”
Sales Area Depth – 8.597m / 28’ 2”

SERVICES
The property benefits from connection to mains water, electricity and drainage. No tests have been carried out on any appliances or services at the premises and neither the vendors nor their agents give any warranty as to their condition. Prospective occupiers should make their own investigations.

TERMS
The asking rent is predicated on a lease on broadly the following terms:-

- Immediately Available on a New lease
- Full repairing and insuring equivalent basis
- Rent Review at the 3rd anniversary
- Lease to be excluded from the provisions of the Landlord & Tenant Act 1954 Sections 24-28 inclusive (i.e. no automatic right to renew at lease expiry)
- Tenant to contribute £600 + VAT towards Landlord’s proper and reasonable legal costs
- Deposit subject to references/credit checks.

OUTGOINGS
Rateable Value - £26,250 (2023 List). For confirmation on the precise rates payable, please rely on your own enquiries of the local billing authority.

VAT
VAT is not payable on the rent.

LEGAL COSTS
Tenant to contribute £600 + VAT towards Landlord’s proper and reasonable legal costs

PARKING NOTES
None

PLANNING
Local authority Somerset Council (former Mendip Area). Grade II* Listed and within the Wells Conservation Area.
Interested parties should rely on their own enquiries in respect of any planning history, opportunities and existing consented uses and works with the local planning authority.

OTHER
All fixtures, fittings and trading equipment are specifically excluded unless mentioned in these particulars.

VIEWING
Cooper and Tanner Commercial Department:
Tel. 03450 34 77 58
Email: commercial@cooperandtanner.co.uk

Market Place, Wells, Somerset, BA5
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Brochure

Floorplans

floorplan

No EPC available for this property

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Office Details

Commercial Office
41 High Street
Glastonbury
BA6 9DS

0345 0347758
commercial@cooperandtanner.co.uk

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