This property presents a unique opportunity to acquire a partially income-generating asset with significant redevelopment potential for the upper floors. Currently, the ground floor is leased to Medivet, a national tenant, under a secure 15-year agreement that commenced in June 2021, generating an annual rental income of £16,500. The self-contained first-floor space is presently vacant and holds promising conversion potential, subject to obtaining the relevant planning permissions.
The building itself is a former bank, featuring substantial accommodation spread across basement, ground, and first floors in a prominent town centre location. The Medivet lease encompasses a well-appointed ground floor area that includes a spacious reception and waiting zone, along with consulting rooms and surgeries tailored for veterinary services.
The independent first-floor access from Chapel Street leads into what was once a Masonic Lodge. This level boasts a large open meeting hall, kitchen amenities, W.C.s, and several ancillary rooms. While it requires refurbishment, the upper floors retain charming period details that could enhance various alternative uses or redevelopment projects upon securing planning consent.
