Lot 8
Freehold Vacant Former Bank, 2 Cottages, Rear Car Park & Rear Garden
On behalf of Pension Fund Trustees
6 Week Completion
Situation
Located at the junction with Lower North Street amongst nearby occupiers as Tesco Express, Post Office, Weston Hospicecare and a range of independent retailers.
Cheddar is located on the southern edge of the Mendip Hills, approx. 9 miles north-west of Wells and 20 miles south-west of Bristol with access to the M5 motorway via the A371 and A38.
Property
Comprising:
- A Former Bank on ground, first and second floors (see ‘Planning' section).
- 2 adjoining Cottages on ground and first floors (see ‘Planning' section).
- Rear Car Park.
- Rear Garden (see ‘Planning' section for permission to convert to a Car Park).
VAT is NOT applicable to this Lot
Accommodation¹
| Former Bank | |
| Ground Floor | |
| GIA | Approx. 753 sq ft |
| First Floor | |
| GIA | Approx. 753 sq ft |
| Second Floor | |
| GIA | Approx. 828 sq ft |
| Total GIA | Approx. 2,334 sq ft |
| Cottage 1 (Left) | |
| Ground & First Floors | |
| GIA | Approx. 700 sq ft |
| Cottage 2 (Right) | |
| Ground & First Floors | |
| GIA | Approx. 861 sq ft |
Plus Rear Car Park and Rear Garden
¹Not inspected by Barnett Ross. Areas provided by Vendor.
FREEHOLD offered with VACANT POSSESSION
PLANNING FOR RESIDENTIAL CONVERSION
On 19th March 2025, Somerset Council confirmed that ‘Prior Approval' was not required for ‘Change of use from Commercial, Business and Service (Use Class E) to 4 No. Dwellinghouses (Use Class C3)'. Planning Ref: 17/25/00004.
Click here for the Planning Documentation and Plans.
The 4 Dwellinghouses would comprise:
- 1 × 753 sq ft First Floor Flat above the former banking hall
(1 Bedroom with ensuite Bathroom/WC, open plan Kitchen/Living Room, Utility Room, sep. WC) - 1 × 828 sq ft Second Floor Flat above the former banking hall (2 Bedrooms, open plan Kitchen/Living Room, Bathroom/WC)
- 1 × 700 sq ft Cottage on ground and first floors (1 Bedroom, Living Room, Bathroom/WC and sep. WC)
- 1 × 861 sq ft Cottage on ground and first floors (2 Bedrooms (one with ensuite Shower Room/WC), open plan Kitchen/Living Room, Utility Room, Bathroom/WC and sep. WC).
Click here for the floor plans relating to the 4 residential units.
PLANNING FOR REAR GARDEN TO A CAR PARK
On 15th August 2024, Planning Permission was granted by Somerset Council for converting the Rear Gardens to ‘Formation of 20no. new parking spaces and partial demolition of existing wall providing access to whole site'. Planning Ref: 17/23/00064.
The Planning would enable the current Rear Gardens to be used in conjunction with the Rear Car Park behind the Former Lloyds Bank and 2 Cottages to create a 20 space car park.
Click here for the Planning Documentation and Plans.
Note: We are offering another building in Bath Street in this auction - see Lot 9.
