Commercial Property in TA4 available for sale
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Commercial Properties for Sale near TA4, Taunton

Find commerical property for sale in TA4 that meets your business or investment goals

More details for 2 The Square, Wiveliscombe - Retail for Sale

The Courthouse - 2 The Square

Wiveliscombe, TA4 2JT

  • Retail for Sale
  • £550,000
  • 2,300 sq ft
  • Security System
  • Wheelchair Accessible
  • Smoke Detector

Wiveliscombe Retail for Sale

LOCATION<br/>In the very centre of the popular Somerset town of Wiveliscombe, situated 9 miles west of Taunton. The town has a population of 3,000 inhabitants and serves a vibrant rural hinterland. This property is opposite the town library and adjoining our Webbers Estate Agency Offices.<br/><br/>THE PROPERTY<br/>The Courthouse is an iconic Tudor-style building built in 1881 and this date is carved into one of the wooden panels alongside mythical animals and stylised fruit that decorate the red-tiled facade. <br/>The Courthouse was built as a family home for the affluent brewer William Hancock II, his wife Mary and their 10 sons and one daughter.<br/>In the 20C the building had many diverse uses including a British Restaurant during WW2; a branch of The National Provincial Bank (the vault is still in situ);The Town Library; Headquarters of the Devon Cattle Breeders Society and even a dental surgery on the top floor!<br/>Until recently it has been a much-loved and very successful interiors store together with a licensed restaurant and events space in the magnificent galleried atrium.<br/>With long double-fronted retail shop windows ideal for exhibiting items, approached from a recessed porch and inner lobby and the inner retail room is surrounded by an open heavy timber stairwell that transcends all three floors.<br/>This central well-illuminated area is ideal for display purposes and the surrounding "Minstrel Galleried" landings would be excellent for hanging paintings. <br/>The first floor is also used for retail and has five rooms in all, offering 929 sq ft, and the top floor has another five rooms used for stock storage, adding a further 833 sq ft, plus access via an inner lobby with roof steps to a large attic of about 49 ft in width to the front part by 14'5" depth with three dormer windows to the front. In the basement is a useful strong room of about 33 sq ft.<br/><br/>THE PROPOSAL<br/>For sale as a vacant building offering great potential for future businesses. Used in the past as a restaurant/coffee shop and now as a retail outlet selling rugs and antiques, the property can be used for a variety of retail uses or possibly as an art gallery or again catering subject to planning permission.<br/>The current owners do not live on site but the upper floors may easily be converted back to residential use subject to any planning permission and listed building consent. <br/><br/>SERVICES<br/>Mains electricity, water and drainage. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting <br/>VAT<br/>We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.<br/><br/>VIEWING<br/>Strictly by appointment through the selling agents.<br/><br/>RATEABLE VALUE <br/>£17,500 UBR. As of April 2026, the Uniform Business Rate (UBR) multipliers are 43.2p in the pound for properties with a Rateable Value below £51,000 and 48.0p for properties at £51,000 or above. <br/>The Rateable Value has been obtained from the Valuation Office Agency at the time these details were prepared. Prospective occupiers should verify the current Rateable Value and multiplier with the Valuation Office Agency or via the GOV.UK website. <br/><br/>LEGAL ADVICE <br/>We strongly recommend that a buyer takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.<br/><br/>PLANNING <br/>It is the responsibility of the proposed buyer to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the buyers responsibility.<br/>Right next door to Webbers Estate agents in the heart of Wiviliscombe.

Contact:

Webbers

Property Subtype:

Department Store

Date on Market:

09/03/2026

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FAQs About Commercial Property For Sale in TA4

See All Properties For Sale
How many commercial properties are currently available for sale in TA4?
There are currently 4 commercial properties available for sale. Sizes range from to , with an average size of. Available opportunities may include offices, retail premises, industrial properties, mixed-use assets and development sites.
How much does commercial property cost in TA4?
The average asking price is approximately per sq ft, with prices ranging from to per sq ft. Property values will vary depending on location, size, condition, tenant status and market demand.
What factors influence commercial property values?
Property values can be affected by location, building quality, asset size, lease terms, tenant covenant strength, redevelopment potential and local market conditions. For investment properties, income generation and yield are also important considerations.
What types of commercial property are available to buy?
The market may include offices, retail units, industrial properties, warehouses, land, mixed-use buildings and specialist assets. Availability will vary depending on location and current market conditions.
What should I consider before buying commercial property?
Key considerations include location, accessibility, property condition, planning permissions, lease arrangements, operating costs and future growth potential. Buyers should also understand any legal, environmental or structural issues that could affect value or usability.
What is rental yield and why does it matter?
Rental yield measures the income generated by a property relative to its purchase price. Investors often use yield to compare opportunities, although it should be considered alongside factors such as tenant quality, lease length and potential for capital growth.
Can I buy commercial property for my own business?
Yes. Many buyers purchase commercial property to occupy themselves rather than as an investment. Owning premises can provide greater control over operating costs, security of tenure and the potential to benefit from future capital appreciation.
Do I need a commercial mortgage?
Many buyers use commercial finance to fund acquisitions. Deposit requirements, lending terms and borrowing costs vary depending on the property, the buyer's circumstances and the intended use of the asset.
What due diligence should I carry out before buying?
Due diligence typically includes reviewing title documents, planning permissions, leases, service charge information, environmental matters and building condition reports. Professional legal and surveying advice is strongly recommended before completing a purchase.
What are the risks of buying commercial property?
Potential risks include market fluctuations, vacancy periods, tenant default, maintenance costs, planning restrictions and changes in local demand. Thorough due diligence and effective asset management can help reduce these risks.
Can overseas buyers purchase commercial property in the UK?
Yes. International buyers can purchase commercial property in the UK, although additional legal, tax and regulatory considerations may apply. Professional advice should be obtained before proceeding with a transaction.
What additional costs should I budget for?
In addition to the purchase price, buyers should budget for Stamp Duty Land Tax, legal fees, surveys, finance costs, insurance and any refurbishment or fit-out works that may be required.

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