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Investment for sale in High Street, Shepton Mallet, Somerset, BA4

Guide price £240,000

  • Parking
  • Investment
  • Investment
  • Freehold

5 High Street is in the centre of Shepton Mallet within the main shopping area. Shepton Mallet is a town within the Mendip Hills and is 18 miles south of Bristol and 5 miles from the city of Wells.

The property is Grade II Listed end of terrace, three storey bank premises which is occupied by Llyods TSB Bank plc with the ground floor being used as the banking hall with suspended ceiling, spotlights, 3 banking counters and 2 meeting rooms plus further offices, store and kitchen facilities to the rear.

The lower ground floor houses the banking vaults and the first and second floors are used as office accommodation.
The upper parts have potential to be converted into residential dwellings subject to gaining the relevant planning consents.

To the rear of the property is a gravel car park for 5 vehicles with a side entrance into the property as well as a metal fire escape to upper parts.

From the ground floor you can access the basement via a staircase plus there is an additional staircase leading to the first and second floor accommodation where there is a rear door leading out onto the car park.

Tenure & Rental
The property is for sale at a guide price £240,000 subject to the current lease to Llyods TSB Bank plc for a term of 10 years dated 3rd April 2012. The lease is full repairing and insuring and commenced on the 25th March 2012 and expires on 24th March 2022 with a passing rent of £20,000 per annum paid quarterly. The lease provides for a rent review on the 25th March 2017 which was not initiated.

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