Office For Sale
LOCATION
W3W///tidal.investors.afford
Occupying a central position within Glastonbury town centre and accessed directly off the St John’s Car Park – the main public pay and display car park for the town. Benefitting from close proximity to The Gauntlet – the premier shopping thoroughfare connecting the car park to the High Street.
DESCRIPTION
An attached, two-storey mixed-use investment opportunity comprising 4 commercial units and 1x self-contained 2-bedroom first floor flat. It offers a great investment opportunity, possibility for an owner occupier or redevelopment opportunity for a residential or holiday let scheme, STPP.
ACCOMMODATION
Internal Accommodation Size
Sq M Sq Ft
Unit 12 – café/retail/office 17.64 190
Unit 12A – office/workshop 26.60 286
Unit 12B – office/workshop 13.56 146
Landlord’s Store 3.01 32
Combined Ground Floor (NIA) 60.82 655
11 – Flat (GIA) 43.31 466
Unit 11A – office/workshop 14.00 151
Combined First Floor (NIA) 57.31 617
Aggregate Areas (NIA) 118.12 1,271
Aggregate Areas (GIA) 169 1,823
Please note, only the flat has its own welfare facilities.
Parking or external seating area to front facing St Johns Car Park.
Tenancy Information
12A is subject to a tenancy in favour of a private individual producing an annual rental income of £4,200 per annum, exclusive. This tenant is open to taking a new 12-month tenancy from completion – terms to be negotiated. The Flat at No. 11 is subject to an Assured Shorthold Tenancy paying a rent of £835 per month – this tenant has given notice and is due to vacate 27th June 2024; this area will be re-let.
The other units are currently vacant and present various opportunities to re-let, merge or convert subject to obtaining any necessary consents.
SERVICES
We understand the units benefit from connection to mains gas, electricity, water 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. All fixtures, fittings and trading equipment are specifically excluded unless mentioned in these particulars.
TERMS
Tenure
Freehold, subject to tenancies on part as detailed below.
N.B Access to the property is via a right of way over adjoining land. There is a right of way (fire escape) in favour of the adjoining property over part of the ground floor of the internal accommodation.
Tenancy Information
12A is subject to a tenancy in favour of a private individual producing an annual rental income of £4,200 per annum, exclusive. This tenant is open to taking a new 12-month tenancy from completion – terms to be negotiated. The Flat at No. 11 is subject to an Assured Shorthold Tenancy from July 2024 paying £895 per month.
The other units are currently vacant and present various opportunities to re-let, merge or convert subject to obtaining any necessary consents.
OUTGOINGS
Currently split into multiple hereditaments – may need to be re-assessed depending on future occupancy.
No. 11 (Flat) is Band A. Interested parties to rely on their own enquiries of the local billing authorities.
VAT
We understand the Property remains exempt from VAT and therefore VAT is not payable on the price.
LEGAL COSTS
Each Party to bear their own legal and professional costs.
PARKING NOTES
1
PLANNING
We understand the commercial elements of the property benefit from Class E (Commercial, Service and Business type uses) and the residential to have consent for Class C3. Not Listed but within the Glastonbury Conservation Area. Prospective occupiers should rely on their own enquiries with the Local Planning Authority.
VIEWING
Strictly by appointment with the sole agents Cooper & Tanner (Commercial)
Tenure: Please confirm with Cooper and Tanner Commercial whether this property is freehold or leasehold
No EPC available for this property
Utilities
| Electricity | Ask Agent |
| Water | Ask Agent |
| Heating | Ask Agent |
| Broadband | Ask Agent |
| Sewerage | Ask Agent |
Rights and Restrictions
| Private rights of way | Ask Agent |
| Public rights of way | Ask Agent |
| Restrictions | Ask Agent |
| Parking | Ask Agent |
Risks
| Flooded in last 5 years | Ask Agent |
| Flood Defenses | Ask Agent |
| Source of Flood | Ask Agent |
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