Retail premises for sale in Castle Street, Bridgwater TA5

Description:

The property is currently used as a retail shop with Post Office, which does not have to be retained should the residential conversion be carried out, although benefits from retaining the old style Post Office contract, with a fixed remuneration which can be transferred to any new Postmaster.

Planning Permission has recently been obtained under application 36/24/0005 to convert the ground floor commercial areas, creating additional residential accommodation in the form of a 2 No. Bedroom ground floor flat with separate access, an ideal redevelopment opportunity.

The ground retail area includes a Tea Room, which is not currently used but could be re-opened; and benefits from an extensive kitchen set up as well as a Licence for the sale / consumption of alcohol on and off the premises. The current owners have also recently agreed for the Post Office to become an Amazon Hub, providing a delivery location to collect and return customer Amazon packages.

Whilst the premises benefits from the existing use as a Post Office and Store which has been popular over the years, with the benefit of the Planning Permission recently achieved, creating the opportunity to create additional residential accommodation with a rental income opportunity and the bonus of substantial residential accommodation above.

To the rear of the premises is a south facing garden extending to almost 60 meters (200 ft) with a large patio area, summerhouse, greenhouse and vegetable garden.

Accommodation:

Ground floor - 140.44 m² (1,575.09 ft²)
First Floor - 120.24 m² (1,358.34 ft²)
Second Floor - 10.09 m² (179.58 ft²)

Access to the property is afforded through three doors, two of which lead into the current post office and retail shop and the other leading to a rear access, which forms part of the curtilage of the property which we understand is shared with several adjoining properties.

The property benefits from a large attic space which is currently used for storage but could be utilised to create additional living accommodation, subject to an amendment to the existing Planning achieved.

The property has a long garden amenity to the rear.

Services:

Mains electricity, gas, water and drainage are connected to the property. Telephone lines available for connection subject to BT Regulations.

(We confirm that we have not tested any of the service installations and any purchaser must satisfy themselves independently as to the state and condition of such items.)

Method of Sale:

The property is being offered for sale of the Freehold, by informal tender with vacant possession on completion.

The Vendors own the Freehold, registered with Land Registry under the title number ST137411.

The Purchasers have the opportunity to continue the Post Office and retail store should they wish to do so, with the ability to re-open the Tea Room, as appropriate. Accounts can be made available for the business, on an accountant to accountant basis.

All stock for the store is to be purchased at valuation on the date of Transfer.