Spacious freehold retail/industrial plot with redevelopment potential near the quay.
Approximately 1,700 sq ft former garage with high ceilings
An unusually large out-of-town retail/industrial unit on the south-west edge of Wells-next-the-Sea, this former garage sits on about a third of an acre and offers clear redevelopment potential. The single-storey building extends to approximately 1,700 sq ft with high ceilings and large internal bays – a flexible canvas for continued commercial use or change of use subject to planning. The site benefits from vehicular access from Burnt Street and Two Furlong Hill, garage/parking space, mains services and low flood risk.
The property is offered freehold and is currently let to a tenant until 9 September 2025, producing a current rent of £11,712 per year. That existing income provides immediate cashflow for a short term investor, but redevelopment or reconfiguration will be constrained until lease expiry or by agreement with the tenant and any planning permissions.
The outdoor areas are unlandscaped and overgrown, reflecting a need for investment to unlock the plot’s potential. Prospective buyers should expect refurbishment, grounds clearance and possible planning applications for change of use or re-development to achieve higher-value uses. Broadband and mobile signals are strong and the location sits about half a mile from the quay and town amenities, making it attractive for leisure-related or mixed commercial uses.
This is a practical opportunity for an investor or developer who can plan around an in-place lease and manage a modest refurbishment programme. The property’s size, plot and location near a popular Norfolk seaside town create commercial upside, balanced by the need for capital works and the planning/letting constraints inherent in an occupied property.
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