Summary - 2, PRIORY ROAD BA5 1SY
1 bed 1 bath Commercial Property
Characterful freehold with conversion upside for investors and developers.
Grade II listed prominent town-centre building
A prominent Grade II listed brick building in the centre of Wells, offered as a freehold mixed-use opportunity. The ground floor currently houses two retail units with upper floors arranged as office accommodation; prior approval has been obtained to convert the uppers into two one-bedroom residential flats (one on first floor, one on second floor). The site sits at the busy junction of Priory Road, Queen Street and Broad Street, a short walk from the principal High Street and nearby public car parks.
This is aimed at investors or small developers seeking a town-centre holding with immediate rental potential and short-term conversion upside. The property benefits from Class E consent at ground floor level and no VAT payable on the purchase price. Services connect to mains electricity, water and drainage; the building’s high ceilings and large windows provide good natural light and period character that will appeal to occupiers once refurbished.
Buyers should note material constraints: the building’s listed status will add cost and restrict works, and interested parties must satisfy themselves on planning and listed-building consents despite prior approval for the upper-floor change of use. The property is currently occupied by multiple tenants but can be made available with vacant possession. There is no private outdoor space and the plot is small, typical of a town-centre terrace.
Overall, this is a central, characterful investment with conversion potential for increased rental yield, suitable for a purchaser prepared to manage listed-buildings requirements and town-centre constraints.
High street retail property for sale in 25-29 High Street, Wells, Somerset, BA5 2AA, BA5 — £1,250,000 • 10 bed • 1 bath • 10756 ft²
High street retail property for sale in High Street, Wells, Somerset, BA5 2AJ, BA5 — £275,000 • 1 bed • 1 bath • 1653 ft²
High street retail property for sale in 9 Market Place, Wells, Somerset, BA5 2RF, BA5 — £500,000 • 1 bed • 1 bath • 2712 ft²
4 bedroom house for sale in The Presbytery, Chamberlain Street, Wells, BA5 — £699,950 • 4 bed • 2 bath • 2026 ft²
5 bedroom detached house for sale in Chamberlain Street, Wells, BA5 — £750,000 • 5 bed • 1 bath • 2158 ft²
4 bedroom terraced house for sale in St. John Street, Central Wells, BA5 — £730,000 • 4 bed • 3 bath • 2271 ft²
