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7 Sadler St 2,431 SF 100% Leased Retail Building Wells BA5 2RR $734,077 ($301.97/SF) 3.64% Cap Rate
EXECUTIVE SUMMARY
The property presents an excellent investment opportunity generating income of £20,000 pa on the ground floor and potential Air BnB, letting or owner occupier maisonette in the heart of the historic city of Wells, fronting onto Sadler Street.
Ground Floor (subject to lease)
The ground floor is currently let to BDW's Bar & Grill, a popular local restaurant, with approximately three years remaining on the lease. Trading business unaffected. It comprises a welcoming dining area, bar, commercial kitchen, customer restrooms, and ancillary storage.
Maisonette (First and Second Floors - vacant)
The first floor features a recently renovated open plan living and dining area, separate kitchen is enhanced by an atrium style skylight. The refurbishment has been carried out with sensitivity to the building's character, preserving and highlighting features such as large sash windows and exposed original beams.
The top floor includes a spacious master double bedroom with en-suite shower room, further twin bedroom, and a generous family bathroom complete with a freestanding roll-top bath.
Ground Floor (subject to lease)
The ground floor is currently let to BDW's Bar & Grill, a popular local restaurant, with approximately three years remaining on the lease. Trading business unaffected. It comprises a welcoming dining area, bar, commercial kitchen, customer restrooms, and ancillary storage.
Maisonette (First and Second Floors - vacant)
The first floor features a recently renovated open plan living and dining area, separate kitchen is enhanced by an atrium style skylight. The refurbishment has been carried out with sensitivity to the building's character, preserving and highlighting features such as large sash windows and exposed original beams.
The top floor includes a spacious master double bedroom with en-suite shower room, further twin bedroom, and a generous family bathroom complete with a freestanding roll-top bath.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,431 SF
Building Class
B
Year Built
1678
Price
$734,077
Price Per SF
$301.97
Cap Rate
3.64%
NOI
$26,694
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Frontage
22’ on Sadler St
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7 Sadler St
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