Commercial Property in Wells available for sale
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Commercial Property for Sale near Wells

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Bars & Restaurants Industrial
More details for 66 Bath Rd, Wells - Retail for Sale

Britannia - 66 Bath Rd

Wells, BA5 3LQ

  • Retail for Sale
  • £300,000
  • 4,286 sq ft

Wells Retail for Sale

This detached public house is situated in a prime main road location on the eastern outskirts of Wells, with easy access to the town center. The property sits on a 0.5-acre site and offers 4,286 sqft of space. Features include a large function room/skittle alley, two principal trade areas with their own serveries, and a commercial kitchen. Externally, there is parking for approximately 20 vehicles, a spacious trade garden, and an enclosed private garden. The property also benefits from a first-floor manager’s accommodation with three bedrooms and a lounge. A freehold with vacant possession, this property offers an excellent opportunity for a new operator to develop a thriving community pub.

Contact:

Caldecotte Group

Property Subtype:

Bar

Date on Market:

12/09/2022
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Commercial Properties for Sale Within 5 miles of the Wells

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FAQs About Commercial Property For Sale in Wells

See All Properties For Sale
How many commercial properties are currently available for sale in Wells?
There are currently 2 commercial properties available for sale. Sizes range from 4,286 sq ft to 18,000 sq ft, with an average size of 11,143 sq ft. Available opportunities may include offices, retail premises, industrial properties, mixed-use assets and development sites.
How much does commercial property cost in Wells?
The average asking price is approximately £33 per sq ft, with prices ranging from £14 to £52 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.

Discover More Commercial Properties for Sale in the Wells

Market Overview for Commercial Properties in Wells

Key information for Commercial Properties investors in Wells and comparable markets. This summary brings together pricing and building size data to provide a clear view of market conditions and potential investment opportunities.

City Avg Price Per Sq Ft Avg Size Available
Wells £33 11,143 sq ft
Glastonbury £325 18,636 sq ft
Midsomer Norton £109 3,071 sq ft
Shepton Mallet £59 5,956 sq ft
St Ives, Cornwall £818 3,157 sq ft

Rental Price Trends in Wells

The price per square foot range for Commercial Properties in Wells and nearby cities. These metrics help establish valuation benchmarks and highlight possible value opportunities in the market.

City Min £ Sq Ft Avg £ Sq Ft Max £ Sq Ft
Wells £14 £33 £52
Glastonbury £36 £325 £613
Midsomer Norton £101 £109 £116
Shepton Mallet £53 £59 £70
St Ives, Cornwall £164 £818 £1,472

Available Building Sizes

A summary of the current sizes of Commercial Property for sale in the Wells area. Refine your search based on space requirements and investment level.

City Smallest Property Avg. Sq Ft Largest Property
Wells 4,286 sq ft 11,143 sq ft 18,000 sq ft
Glastonbury 2,181 sq ft 18,636 sq ft 35,090 sq ft
Midsomer Norton 642 sq ft 3,071 sq ft 5,500 sq ft
Shepton Mallet 3,500 sq ft 5,956 sq ft 10,139 sq ft
St Ives, Cornwall 1,313 sq ft 3,157 sq ft 5,000 sq ft

You searched for commercial property for sale in Wells. Explore 2 listings from top commercial agents on LoopNet. Whether you're looking for investment properties to expand your portfolio, establish a new venture, or secure a prime location, LoopNet offers a diverse range of opportunities to meet your goals. Each listing provides detailed information on property features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of commercial properties worldwide, LoopNet is your trusted partner in finding the perfect commercial property for investment.

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