Large freehold retail with upper-floor conversion potential in affluent historic centre.
Grade II listed Georgian terrace with strong High Street frontage
A rare, city-centre, Grade II listed retail terrace on Wells High Street with a substantial footprint and strong pedestrian frontage. The ground floor is in active retail use, while spacious upper floors extend across three to four storeys and present clear potential for conversion to a 10‑bed residential scheme (subject to planning). The property is freehold and sits within the town’s prime shopping pitch, benefitting from affluent local market performance.
This is an investor-focused opportunity: large overall size (approx. 10,756 sq ft) and an estimated site area of c.0.40 acres make it suitable for a blended income strategy — retained retail lease at ground level with upper floor residential or alternative commercial uses after refurbishment and consent. The building’s Georgian stone façade, sash windows and period character will attract occupiers and add long-term appeal in this historic market.
Buyers should factor-in material constraints. Listed status will complicate external and internal alterations and may increase consenting times and costs. There is no private parking or garden, a medium flood risk, and the location records higher local crime than average. Conversion and refurbishment are likely to require significant capital investment and specialist heritage advice. With planning and conservation strategy in place, the site offers strong potential for income enhancement in Wells’ desirable town centre.
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