Summary - Co-operative Investment, Former Horse Pond Inn, The Triangle, Castle Cary, BA7 7BD BA7 7BD
1 bed 1 bath Convenience Store
**Standout Features:**
- Prime mixed-use property in Castle Cary with commercial and residential components.
- Ground floor lease to Co-op Group Food Ltd, ensuring stable rental income of £95,675.58 per annum.
- Long unexpired lease of 15 years with strong tenant covenant.
- Total site area of 0.383 acres with a spacious convenience store spanning 4,779 sq. ft.
- Includes two residential units: a three-bedroom maisonette and a two-bedroom house, both with dedicated parking.
- Centrally located within a vibrant community, offering excellent foot traffic and access to local amenities.
**Concise Summary:**
This exceptional mixed-use property, formerly the Horse Pond Inn in the heart of Castle Cary, offers significant potential for both investors and buyers. The ground floor houses a successful Co-op convenience store, anchored by a strong 15-year lease with an annual rent of £95,675.58, providing a reliable return on investment with a net initial yield of 6.01%. The property also includes two residential units—a spacious three-bedroom maisonette and a two-bedroom house—ideal for rental income or family living.
While the property is set in a conservation area which may limit renovation options, its charming traditional architecture complements the historic town. The presence of off-street parking adds convenience, and the area boasts a mixture of residential and commercial offerings, ensuring continuous customer footfall. With a guide price starting at £1.5 million for the commercial element and additional options for the residential units, this property combines investment allure and local living potential in an increasingly sought-after location. Don’t miss the chance to capitalize on this unique opportunity in a vibrant community.
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