INVESTMENT OPPORTUNITY- A rare opportunity to acquire a period property in the heart of Wells. The property is currently configured as a beautifully presented one bedroom ground floor apartment - used as a holiday let and a first and second floor maisonette - currently used as an HMO with four individual letting rooms. The property generates a healthy income and would make an ideal investment opportunity.

DESCRIPTION

INVESTMENT OPPORTUNITY - A rare opportunity to acquire a period property in the heart of Wells. The property is currently configured as a beautifully presented one bedroom ground floor apartment - used as a holiday let and a first and second floor maisonette - currently used as an HMO with four individual letting rooms. The property generates a healthy income and would make an ideal investment opportunity.

GROUND FLOOR APARTMENT

A wonderful one bedroom ground floor flat with private garden set within the centre of Wells with an array of features and offered with no onward chain. Currently used as a holiday let, the property would also make a perfect home with it being within easy reach of all the amenities that Wells has to offer.

Upon entering the property is a communal entrance hall with a door opening into Flat 2 which has a further hall with w/c and storage for shoes and coats. The kitchen is a light and spacious room with an array of fitted units, electric oven and hob, under counter fridge, space for a washing machine, original wooden cabinets either side of the former fireplace and French doors opening out to the private courtyard garden. The sitting/dining room is a large reception room with a feature window and shutters to the front which faces due South. The room has ample space for a table to accommodate four to six people along with comfortable seating and an electric fireplace as the focal point.

The bedroom is a good sized double with flagstone floors and a feature fireplace, adjoining is a dressing room with space for storage units and a dressing table. The ensuite to the bedroom features a large bath, separate shower, toilet, wash hand basin and heated towel rail.

OUTSIDE

French doors from the kitchen open out to the private garden, perfect for pot plants and outside furniture for dining and entertaining.

FIRST AND SECOND FLOOR MAISONETTE (HMO)

A first and second floor maisonette in the heart of Wells, offering four letting rooms, all with kitchenettes and offering a healthy rental income. The property currently has four tenants in situ and would make an ideal investment. NO ONWARD CHAIN.

On the ground floor the front door leads into a shared hallway with access to a separate property.

Stairs lead up to a spacious first floor landing with understairs cupboard. From the landing is a utility room with lockable door, two windows to the side, wall mounted gas boiler, space and plumbing for a washing machine and a large, pressurised, hot water cylinder. Open to the utility room is a shower room with window to the rear, WC, vanity wash hand basin and shower enclosure.

Room One

A double room with window to the rear, built-in corner wardrobe and cast iron fire surround. In one corner is a kitchenette with dark grey gloss cabinets, stainless steel sink, two ring ceramic hob and undercounter fridge freezer. There is space for a double bed and comfortable seating.

Room Two

A door opens to a lobby area with understairs utility cupboard with washing machine and also offering wardrobe space. A further door opens to the ensuite shower room with corner shower, vanity wash basin and WC. The main living space is bright and spacious and features a cast iron fire surround, shelved alcoves, window to the front and space for both a double bed and comfortable seating. An opening leads to a separate kitchenette with window to the front, dark grey gloss cabinets, stainless steel sink, two ring ceramic hob and undercounter fridge freezer.

From the landing stairs lead up to the second floor.

Room Three

A spacious double room with part vaulted ceiling and dormer window. To one side is a good size built-in cupboard with a hanging rail and further storage space. In one corner is a kitchenette with dark grey gloss cabinets, stainless steel sink, two ring ceramic hob and undercounter fridge freezer. There is space for a double bed and comfortable seating.

Room Four

A spacious 'L' shaped room with part vaulted ceiling and dormer window. Tucked neatly into the smaller part of the 'L' is a kitchenette with dark grey gloss cabinets, stainless steel sink, two ring ceramic hob and undercounter fridge freezer. In the main part of the room is ample space for a double bed and comfortable seating.

Each room benefits from gas central heating and has an individual electric meter.

INCOME

The HMO is currently generating an income of £24,960 per annum

The Airbnb is currently generating an income of £17,000 per annum

LOCATION

The picturesque City of Wells offers a range of local amenities and shopping facilities with four supermarkets (including Waitrose), as well as twice weekly markets, cinema, leisure centre, a choice of pubs and restaurants, dentists and doctors, several churches and both primary and secondary state schools.

There are also many highly-regarded independent schools (Prep & Senior) within easy reach, such as All Hallows Prep School, Downside School, Wells Cathedral School and Millfield School. For those travelling by train, Castle Cary station (which has direct services to London Paddington) is situated only twelve miles away. Both the City of Bristol and the Georgian City of Bath, a World Heritage Site, are located just 20 miles away and easily accessible.

TENURE

Freehold

HEATING

Gas central heating

SERVICES

Mains drainage, water, gas and electricity are all connected

LOCAL AUTHORITY

Somerset Council

COUNCIL TAX

Currently registered for Business Rates

EPC RATING

Rating 'C'

VIEWING

Strictly by appointment with Cooper and Tanner. Tel: 01749 676524

DIRECTIONS

From our Wells office, continue along Priory Road. At the junction turn right into Princes Road continue for approx. 150m and at the traffic lights turn left into Tucker Street. The property can be found a little further along on the right hand side.

Tucker Street, Wells, BA5

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