Summary - Francis House, Market Street, Highbridge, Somerset, TA9 TA9 3BP
6 bed 1 bath Retail Property (high street)
Convenience income with upper-floor re-let potential near major employment projects.
Freehold mixed-use building on Market Street high street frontage
This three-storey mixed-use freehold on Market Street offers a ready-made convenience investment with immediate retail income and vacant upper floors for letting or redevelopment. The ground floor is let to a national convenience operator on a 15-year term, providing a secure trading tenant on the high street-facing frontage. The upper parts comprise six flats currently vacant, presenting short-term refurbishment and re-let potential to realise the stated Estimated Rental Value.
The location sits close to major employment projects (Hinkley Point C and The Gravity Smart Campus), which may support rental demand and future footfall. Practical strengths include low flooding risk, direct street access and excellent mobile signal. The property’s substantial total area (6,583 sq ft) and freehold tenure give flexibility for long-term asset management or phased upgrades.
Material negatives are significant and should inform any offer. The immediate neighbourhood scores high for crime and very high deprivation; the local demographic and “constrained renters” classification mean lettings may require affordable rents and active management. The existing retail lease includes a 10-year tenant break, reducing long-term income certainty. Broadband speeds are slow and external amenity is minimal — there appears to be no private garden. Upper-floor accommodation will likely need refurbishment (bathroom provision is limited) before full rental value can be achieved.
Suitable for investors seeking a hands-on town-centre asset with redevelopment upside, this property balances an established retail income with upper-floor value-add potential. Be prepared for refurbishment costs, active tenant management, and locational challenges when assessing yield and holding strategy.
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