Summary - THE BARN, BURNT STREET, WELLS-NEXT-THE-SEA NR23 1HL
1 bed 1 bath Land
**Standout Features:**
- Large land plot of 1/3 of an acre (approximately 14,375 sq. ft.)
- Currently generating a rental income of £11,712 per annum
- Potential for redevelopment (subject to planning permission)
- Located within walking distance to Wells-next-the-Sea Quay
- Freehold tenure with flexible use options
- Excellent mobile signal and fast broadband speeds
- Close to essential amenities and schools with good ratings
**Concise Summary:**
Discover a rare investment opportunity in Burnt Street, Wells-next-the-Sea, with this expansive 1/3 acre land plot featuring a 1,700 sq. ft. building. This property, situated just half a mile from the picturesque Quay, currently generates a solid rental income of £11,712 per annum from a lease expiring in September 2025. The prime location and size present significant redevelopment potential, making it ideal for investors looking to capitalize on growth in a desirable coastal town.
This freehold property offers a garage and is connected to mains electricity, water, and drainage. However, future financing may be challenging due to the short remaining lease term; buyers should consider this aspect. Enjoy excellent connectivity with walkable amenities and reputable schools nearby, which cater to families and professionals alike. With its unique blend of investment potential and prime location, this plot represents a worthy addition to your portfolio—act quickly to seize this opportunity before it's gone!
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