This property presents a distinctive opportunity to invest in a historically significant mixed-use space in the center of Ilchester, ideal for renovation and development. The building features multiple residential units that require complete refurbishment, alongside ample parking facilities and the potential for expansion.
Located on Church Street with convenient access from Almshouse Lane, the property includes a former shop front, a spacious three-bedroom cottage, and a one-bedroom split-level apartment. Additionally, there is an outbuilding and garage/workshop area that further enhance its versatility. Notably, full planning permission has been granted to transform the existing outbuilding into a two-bedroom bungalow with an expansive garden and garage. This improvement not only offers substantial rental potential but also promotes opportunities for multi-generational living.
Ilchester itself is rich in history as it was once a Roman settlement, now thriving with essential amenities. The village boasts several local shops, three pubs, a hotel with dining options, a reputable primary school, a doctors' surgery, and various community facilities. The picturesque River Yeo meanders through the area, providing scenic walks and recreational options nearby.
For those needing broader services or commuting access, Yeovil and Somerton are in close proximity and provide supermarkets, leisure facilities, restaurants, and secondary education choices. The property benefits from excellent road links; the A303 is just minutes away for direct routes toward London or Exeter. Additionally, Yeovil's railway station is approximately six miles away offering services to London Waterloo and Exeter. Castle Cary station is about 14 miles distant with direct trains to London Paddington taking under two hours.
This property stands out due to its renovation prospects and strategic location within a vibrant community—making it an appealing option for investors looking to capitalize on future growth while enjoying the character of village life. For further details regarding planning permissions or property specifics, please reach out for more information.
