Flat
£325,000
Benedict Street, Glastonbury, Somerset

Description

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Version 2 - 19th June 2026

Description

Multi-let mixed use freehold investment property comprising ground floor restaurant (business not affected) and 4no. flats. Current Gross Rent - £49,970 per annum / Gross Yield – 13.3% - 15.4% based on guide price. Potential for rental increase. Grade II Listed

Accommodation Sq M / Sq Ft

17-19 – Ground Floor Cafe 66.64 / 717

17A – 3-bed maisonette 97 / 1,044

17B – 1-bed ground floor flat 36 / 388

19A – 1-bed maisonette 67 / 721

19B – 1-bed ground floor flat 41 / 441

Total Residential Accommodation 241 / 2,594

Combined Retail and Residential 307.64m2/ 3,311ft2

Areas from VOA and EPCs and subject to onsite verification.

We understand the roof was renewed within the last 24 months, including some decking walkways and timbers.

Externally the property is accessed via a right of way leading from Benedict Street.

Tenancy Information – Copies of lease agreements available by request and included within the auction legal pack.

Café – Let at £1,200 pcm / £14,400 per annum

17A (flat) – Let at £880 pcm / £10,560 per annum

17B (flat) – Let at £675 pcm / £8,100 per annum

19A (flat) – Let at £759.20 pcm / £9,110.40 per annum

19B (flat) – Let at £650 pcm / £7,800 per annum

Planning

We understand the property is Grade II Listed and located within the Glastonbury Conservation Area. Further information can be found via the Historic England website, List Entry Number: 1057963

Rights of Way / Flying Freehold

Benefits from vehicular and pedestrian rights of way over adjoining land – further details available in the legal pack.

Registering to bid and Administration fee

Cooper and Tanner requires all bidders who wish to bid at our Auction to register beforehand, whether you are intending on bidding in the room, by proxy or online. As part of the registration process, you will be asked to provide card details in order that the Buyer’s Administration Fee of £1395 inc VAT can be paid if you are successful. A week before the auction a hold will be placed on your account for this sum, which will then be released if you are unsuccessful. This fee will only be taken if you are the successful buyer. The fee is retained by Cooper and Tanner and does not form part of your deposit or completion settlement. Please also be aware that the Buyer’s Administration fee is payable per lot purchased and applicable to all pre-auction sales. If you are successful in purchasing more than one lot, we will contact you following the auction to take subsequent payments for additional lots bought. All checks required by current anti-money laundering legislation must be satisfactorily completed, as part of the registration process before prior approval to bid will be granted; this will include providing proof of funds.

Fees

Potential buyers should be aware that there may be additional fees payable to the Vendor’s solicitor on completion of the sale, details of which will be contained within the auction pack for each lot. At the launch of the property onto the market this information is not always available and so interested parties must refer to the auction pack and satisfy their enquiries.

Deposit

Successful bidders will be required to pay to the Cooper and Tanner Client Account the deposit of 10% of the purchase price within 24 hours of the auction. The account details will be provided to the successful bidder on conclusion of the auction. Once funds are cleared, they will be transferred on to the account of the solicitor acting for the seller. Please ensure that funds are in an account suitable to be able to make an Electronic Transfer from.

Solicitors

TBC

Local Council: Somerset Council. Telephone: 0300 123 2224.

Rateable Value: Café £13,500 (2026 List). Flats are all Council Tax Band A.

Services: Mains water, electricity and drainage are connected. Connections and appliances not tested. Potential purchasers are advised to make their own enquiries into the adequacy and availability of any services.

Tenure: Freehold, subject to various tenancies.

VAT: The purchase price is not subject to VAT.

Completion: Completion has been set for 13th August 2026 or earlier by agreement.

Viewing: Strictly by appointment only through the agents Cooper and Tanner 1908 Ltd and subject to vendor approval. Telephone 01458 834 288

Website tags: auction-property, july-auction