Old Station Way, Yeovil

Property Details: • Type: N/A • Tenure: N/A • Floor Area: N/A

Key Features: • Mixed-Use Investment Opportunity • Freehold Grade II Listed Building in Town Centre Location • Current Income: Ground Floor Retail Unit LET at £15,000 pax. • Redevelopment Opportunity for Conversion of the Upper Floors to 5 no. Dwellings

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 2 Court Ash, Yeovil, BA20 1HG

Full Description: The Property - The accommodation is arranged over three floors as follows; Ground Floor - Retail space measuring approx. 1,700 sq. ft (157.93 sq. m)First Floor - Open plan offices measuring approx. 1,740 sq. ft (161.65 sq. m). There are also male and female WC facilities and a kitchenette area.Second Floor - Two open plan offices measuring approx. 1,360 sq. ft (126.35 sq. m)Location - Yeovil is one of the principal commercial locations within South Somerset, with a population of 45,000 people (2011 Census). The town is well served by good transport links via A30 and A37, linking with the A303 trunk road. There are also two mainline railway stations which each provides direct links to London Paddington and Waterloo stations.The town centre contains a wide variety of established businesses, including the likes of M&S, WH Smiths and Primark, alongside the Quedam Shopping Centre. The lower section of the end of the town centre is also currently in the process of being regenerated as part of the Yeovil Refresh programme. Yeo Leisure Park is also located in a short walking distance from the property, which features Nuffield Health, Bowlplex and Cineworld.Situation - The Old Glove Factory is a historic building situated at the edge of Yeovil town centre, opposite the Stars Lane car park at the entrance to the Yeo Leisure complex. The location features a mix of retail, restaurant and leisure properties with nearby occupiers including Premier Inn, Beef Eater, Nando's and Nuffield Gym, alongside a variety of residential housing.Accommodation - The accommodation is arranged over three floors as follows; Ground Floor - Retail space measuring approx. 1,700 sq. ft (157.93 sq. m)First Floor - Open plan offices measuring approx. 1,740 sq. ft (161.65 sq. m). There are also male and female WC facilities and a kitchenette area.Second Floor - Two open plan offices measuring approx. 1,360 sq. ft (126.35 sq. m)Guide Price - £300,000*Local Authority - Somerset Council Tel: Services - All mains services are connected. No tests have been carried out in respect of the services, and we are unable to comment on the condition.Business Rates - - Ground Floor The Glove Factory - £35,000- 1st & 2nd Floor, The Glove Factory - £27,500Epc - C-60, expiring 14 March 2028Ground Floor - A-11, expiring17 August 2035Planning - Planning permission - awaiting decision for the conversion of the upper floors to 5 no. dwellings under application ref. 24/00948/FUL & 24/01084/LBC (permitted with conditions).The property is Grade II listed. List Entry Number: 1391519Solicitor - Mogers DrewettSpring HouseEast Mill LaneSherborneDorsetDT9 3DPTitle & Tenure - Freehold subject to current occupational lease. Ground floor retail premises are let to J&S Superstore Ltd for a term of 5 years expiring 8 July 2029. XLTA lease with a passing rent of £15,000 pax. exclusive, subject to upward only review in July 2027. The two upper floors are vacant.Energy Performance CertificatesEPC graph.jpg