Monmouth Street, Bridgwater
Guide price £1,000,000
- Viewing highly recommended
- Residential & Commercial Opportunity
- Potential Re-development opportunities
- Vacant Possession on Completion
- Guide Price £1.0M to £1.2M
The subject site comprises, a former builder’s yard and premises, which are offered with Vacant possession.
Somerset Joinery currently occupy approximately 10,000 sqft of the former joinery premises on a licence arrangement with vacant possession available on short notice and a tenant occupies 24 Monmouth St on an AST (2 months’ notice).
The adjacent shop premises and residential properties fronting Monmouth Street are vacant, available and ready for conversion.
The property has a 2 vehicular accesses off Monmouth Street, one to the residential dwelling 24 Monmouth Street and one alongside the old Pollard offices. The 3 residential houses at 17 – 21 Polden Street, are accessed via the one-way road system.
The historic doctor’s surgery at 22 Monmouth Street, comprising a 5 bed house, garden and garages, physically projects in a ‘U’
shape into the freehold ownership of the Pollard premises and the house is a “Listed Building”. This has recently been bought by a third party through Tamlyns. This may be available to purchase by separate arrangement with the new owner.
Any future use (other than the existing use) may need to deal with any major highway considerations.
Bridgwater offers a wide range of amenities in the nearby Retail Park and on Fore Street and the town has excellent transport links to the M5 Motorway and access via the mainline railway station. A short distance to the West is Minehead and the Quantock Hills, an Area of Outstanding Natural Beauty and the North Devon Coastline.
Mains Electricity, Gas, Water and drainage are connected to the site. Telephone lines and internet will need to be connected by the purchaser.
Method of Sale
Method of Sale separate from Guide Price
The property is for sale by Private Treaty.
Guide price £1.2M (£550 - £600,000 per acre).
VAT is not applicable on the purchase price.
From Tamlyns Office on Bridgwater High Street, head west towards North Street. Turn right at the Penel Orlieu roundabout and head along Mount Street until you reach the River Parrett/The Clink. Go straight on at the lights past the Retail Park on your left and turn right at the next Roundabout. The site can be found approximately 200m on the left hand side identified by the Tamlyns “For Sale” boards.
Currently listed as an Workshops, Retail, Offices storage with Hard surface and as B2/B3/B8 usage.
Clearly there is enormous potential for development / re-development and there is also scope for a variety of potential future uses of this substantial site, such as residential / retail / leisure plus business and commercial uses or for a scheme involving multiple uses.
Any planning or re-development proposal will require justification to the Local Authority and include extensive consultation with the Council, Highways Authority and many others. Please note this site is For Sale without Planning permission but with Vacant Possession.
We believe that there will be a presumption in favour of partial or wholescale re-development of the premises but prospective purchasers will need to make their own investigations as to future use to the planning department of the local authority.
Proposed Residential Conversion
The Vendor is seeking to sell the site as an 'Urban Living' opportunity with light industrial work units alongside living units, commercial units, community activities and green spaces.
Possible Industrial working space (10,000 sqft Somerset Joinery). The estimated average property value in Bridgwater is £235,428, which is a 1.6% increase compared to 2020.
Proposed plans can be provided on request, along with rateable values.
Tamlyns for themselves and the Vendors of the property, whose agent they are, give notice that:
1. These particulars do not constitute a contract nor any part of any contract.
2. All statements contained within these particulars as to this property are without responsibility on the part of Tamlyns or the vendor.
3. None of the statements contained in these particulars as to this property are to be relied on as state or representation of fact.
4. Any intending purchaser must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
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Bridgwater, Somerset TA6 5EJ