7 Clare Street & 12 High Street – Long Leasehold

//7 Clare Street & 12 High Street – Long Leasehold

7 Clare Street & 12 High Street – Long Leasehold

Redevelopment Opportunity on Long Leasehold Basis

  • Tenure: Long Leasehold
  • Area: 172m² (1,851ft²)
  • Terms of Lease: 125 year Lease
  • Lease Premium: £85,000
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Particulars

Description:

This property is in a Town Centre location, just off the attractive refurbished Angel Crescent and next to The Avenue shopping arcade, which links Angel Crescent with the Town Centre.

The property has been granted Planning Permission for Residential Development.

The proposals for the premises include a residential redevelopment scheme of the upper floor of 7 Clare Street, retaining the ground floor as a retail premises and residential development of the upper floors of 12 High Street (above William Hill) accessed from Clare Street.

The proposals for the upper floors include 3 No. residential one bedroom flats, leaving the ground floor area of Clare Street as retail unit in an ideal central location for a specialist business. Plans are available, upon request.

On street parking is available in the immediate vicinity for retail shoppers only plus ample shopper’s car parking facilities at Angel Place Shopping Centre and Mount Street car parks.

The location benefits from a substantial pedestrian footfall for retail purposes.

Proposals for the town include the regeneration of the Northgate area, with a new School having now been built as well as a Hybrid Development, for which Angel Crescent will benefit from the footfall between High Street and the new scheme.

Accommodation:

The accommodation of the two premises comprises of;

7 Clare Street
Ground Floor – 38m² (409 ft²)
First Floor – 49m² (527 ft²)

12 High Street
Upper Floors – 71m² (764 ft²)

Services:

Mains electricity, water and drainage are connected to the property.

(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.)

Tenure & Terms:

Seeking a Lease Premium of £85,000, on the basis of a new 125-year Lease per apartment created.

Clare Street and upper floors of High Street are currently vacant with upper floors having granted Planning Permission for a Change of Use to 3 No. residential dwellings.

2021-07-01T13:43:01+01:00 March 9th, 2021|Commercial|

    Enquiry About Property

    Contact Details

    Address

    Lyndon Brett Partnership

    County Court Chambers
    Queen Street
    Bridgwater
    Somerset
    TA6 3DA

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