Retail in Waterrow available for sale
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Retail Property for Sale near Waterrow, UK

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Retail Properties for Sale Within 5 miles of the Waterrow, UK

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 Retail Property For Sale in Waterrow

See All Retail Spaces For Sale
How many retail properties are currently available for sale in Waterrow?
There are currently 0 retail properties available for sale. Sizes range from to , with an average size of. Available opportunities may include high street shops, retail units, shopping centre space, neighbourhood parades and mixed-use investments.
How much does retail property cost in Waterrow?
The average asking price is approximately per sq ft, with prices ranging from to per sq ft. Values are influenced by factors such as location, footfall, tenant strength, lease terms and the overall condition of the property.
What factors influence retail property values?
Location is often the most important factor, alongside footfall levels, tenant quality, lease length, rental income, nearby occupiers and local market conditions. Properties with strong trading locations and established tenants may attract greater investor demand.
What sizes of retail property are available?
Available properties range from to , with an average size of. Opportunities may suit independent retailers, owner-occupiers, investors and larger multi-site operators.
What are the benefits of investing in retail property?
Retail property can provide long-term rental income and the potential for capital growth. Well-located assets with established tenants may offer predictable income streams, while properties with redevelopment or alternative-use potential can provide additional opportunities for value creation.
What risks should I consider before buying?
Potential risks include tenant vacancy, changing consumer behaviour, local competition, economic conditions and shifts in retail demand. Understanding the strength of the location and the sustainability of rental income is an important part of any acquisition decision.
How does lease length affect investment performance?
Longer leases can provide greater income certainty, while shorter leases may offer opportunities for rent growth or repositioning. Investors should review rent review provisions, break clauses and tenant obligations when assessing an asset.
What types of tenants occupy retail property?
Retail occupiers can include national retailers, convenience stores, restaurants, cafés, health and beauty businesses, service providers and independent operators. The mix of tenants can influence both investment performance and future demand.
Can a retail property be used for other purposes?
Many retail premises fall within Use Class E, which may allow a degree of flexibility between retail, office, hospitality, health and other commercial uses. However, any proposed change of use should be confirmed with the local planning authority.
What due diligence should I carry out before buying?
Buyers should review leases, tenant covenant strength, service charge arrangements, planning permissions, title documents, environmental matters and building condition reports. Professional legal and surveying advice is strongly recommended before completing a purchase.
What additional costs should I budget for?
In addition to the purchase price, buyers should budget for Stamp Duty Land Tax (SDLT), legal fees, surveys, finance costs, insurance and any refurbishment or maintenance works that may be required.

Discover More Retail Properties for Sale in the Waterrow, UK

With 0 retail units currently available for sale in Waterrow, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in Waterrow, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in Waterrow, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in Waterrow can form a valuable part of a diversified investment portfolio.

  • Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
  • Tenant covenant: Assess trading history, sector resilience, and lease security
  • Lease structure: Favour long-term FRI leases with upward-only rent reviews
  • Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
  • Rental yield & growth: Evaluate rent levels and local demand for retail space
  • Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
  • Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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