Summary - WEST SOMERSET FREE PRESS, 26, THE AVENUE TA24 5AZ
1 bed 1 bath Commercial Property
Income-producing retail units with refurbishment upside for investors.
Freehold mixed-use building on prominent high-street corner
A prominent stone-built Victorian mixed-use property on a high-street corner, currently producing a combined income from commercial leases and small ground rents. The ground-floor retail units are let and trading, giving immediate cashflow; four upper-floor flats have been sold off on long leases, leaving the freehold owner with the commercial income stream and potential to influence future ground-floor use.
The building retains period character — tall ceilings, large bay windows and a slate roof — but practical elements such as suspended ceilings and partitioned rear offices indicate past alterations. The commercial accommodation totals 1,581 sq ft NIA across two ground-floor units, suited to continued retail or office use. There is a small paved forecourt to the front which supports shop frontage and customer access.
This is an investment for a buyer seeking near-term rental income and longer-term repositioning potential. Upper floors are not included in the sale (long leaseholds) and the commercial areas would benefit from targeted refurbishment to maximise rental value. Note the property sits in an area with higher-than-average crime statistics, which may influence tenant mix and rental values.
Practical strengths are freehold tenure, established tenants and good transport and high-street amenities nearby. Drawbacks to budget for include cosmetic and fit-out works to modernise sales areas, managing the sold-off flats relationship, and local crime considerations when marketing to prospective occupiers or updating the property.
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