This vacant Freehold property presents a promising development opportunity in the heart of Bridgwater's town centre, offering a substantial 3,908 sq ft of adaptable space. The main three-storey red brick structure fronts Eastover while also providing convenient access from New Road. Following numerous years of commercial tenancy, the property is now available with vacant possession, allowing for an immediate renovation project.
Notably, the area is currently undergoing enhancements through the Celebration Mile initiative as part of the Bridgwater Town Deal, which seeks to boost local economic activity and community appeal. This regeneration further highlights the potential for high-yielding mixed-use investments within the property.
With careful planning, this site could be transformed into one or two retail units accompanied by residential flats or a House in Multiple Occupation (HMO) across its upper levels. Previous conversion works were initiated under permitted development rights prior to regulatory changes in 2021, potentially easing future planning processes. Given that independent access is already established for the upper floors, plans could include creating a five-bedroom HMO with significant rental income prospects combined with revenue from retail spaces.
The property's central location ensures proximity to essential amenities and transport links, making it an attractive prospect for both residential and commercial tenants. Investors should conduct their own inquiries regarding planning permissions and refurbishment options.
