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Investment for sale in Union Street, Cheddar, Somerset, BS27

Guide price £359,000

  • Investment
  • Investment
  • Freehold

Dorchester House is in the centre of Cheddar on Union Street which leads to Cheddar Gorge. Cheddar is a large village set within the Mendip Hills and 9 miles north west of Wells. It is famous for the Cheddar Gorge on the northern edge of the village which is the largest gorge within the UK and is a renowned tourist attraction within the area along with the show caves and is well known as a location as it gave its name to Cheddar cheese.

Dorchester House is an end of terrace, three storey mixed use investment with the ground floor comprising 2 self-contained lock-up shops and the first and second floor providing 3 flats with a further 2 storey cottage to the rear.

The two lock-up shop properties are on commercial leases with the flats being on assured shorthold tenancies.

There is potential to add an additional flat at second floor level subject to gaining the relevant planning consents.

The 1 bedroom flats have development potential to be converted into 2 bedroom flats due to their size to increase the yield.


Accommodation
All measurements approximate

Shop 1
NIA 27.41 m2 (295 ft2)
Frontage 4.74m (15’6)
Depth 5.98m (19’6)

Shop 2
NIA 25.26 m2 (272 ft2).
Frontage 3.63m (11’11)
Depth 6.95m (22’8)

Flat 1 (first floor)
Sitting room
Bedroom
Shower room
Kitchen

Flat 2 (first floor)
Sitting room
Kitchen
Bathroom
Bedroom

Flat 4 (second floor)
Kitchen/diner
Sitting room
Bedroom
Bathroom

Flat 3 (separately accessed cottage)
Ground floor:
Kitchen/sitting room

First floor:
Bedroom
Bathroom


Tenure & Rental
The property is for sale at a guide price £359,000 subject to the current leases to the shop tenants and the residential flats with passing rent of £31,940 per annum.

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