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The Three Wells Pub, Wells Road, Polsham, Wells, Somerset, BA5 1RW
Guide Price* : £220,000
Freehold Vacant Pub with Development Potential (Subject to Planning)
Upon Instructions of
The Receivers MHA Macintyre Hudson
- Freehold vacant pub
- Existing planning permission for residential use in part
- Multiple possibilities for development (subject to planning)
- Total floor area 5,621 sq ft (522.18 sq m)
- Site area of 1.42 acres (0.574 hectares)
Description
The property comprises a vacant public house arranged over ground and first floors. The original pub has been extended to the side to provide additional accommodation and features a large car park and garden with frontage to the road.
Location
The property is loated in Polsham, a small village to the north of Glastonbury and approximately 23 miles south east of Bristol. The village benefits from several local amenities and is predominantly a mix of detached and semi-detached housing.
The property occupies a large rectangular site with a long frontage to the road. Making the existing pub building and the adjacent land suitable for development (subject to planning)
Tenure
Freehold
Planning
The property has planning consent for an existing residential flat which is situated on the first floor of the pub (ref: 2018.2664/CLE).
It is envisaged that the property would be deemed suitable for development and that this development could entail conversion of the existing pub building into residential use, as well as the development of additional residential units within the car park/garden area. However no planning consent for this use is currently in place.
Planning Authority
VAT
Refer to the legal documentation
Note
This property is being marketed for sale due to insolvency and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the vendors to the best of their knowledge but the purchaser must rely solely upon their own enquiries.
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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Subject to Contract and Exclusive of VAT © Lambert Smith Hampton April 2025
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