29 High St 1,764 SF Vacant Retail Building Wells BA5 2AA $2,328,551 CAD ($1,320.04 CAD/SF)

25–29 High Street comprises a prime freehold mixed-use development opportunity in the heart of Wells, an affluent and fast-growing Somerset cathedral city. Positioned on the 100% prime retail pitch, the property occupies a prominent mid-terrace location on the western side of High Street and extends across a 0.40-acre site. The building is Grade II listed and currently provides substantial retail accommodation - with vacant possession - totalling 6,549 sq ft (Unit 1) and 645 sq ft (Unit 2), supported by a large rear service yard offering approx. 10 car parking spaces.
The upper parts, arranged across three floors, present a significant opportunity for residential conversion (STPP), with indicative proposals for a 10-bed scheme comprising one-, two- and three-bed apartments, totalling 3,562 sq ft GIA. Wells has demonstrated strong residential performance, with house prices rising c.14% between 2020–2025, and benefits from robust economic metrics, affluent demographics and a thriving visitor economy anchored by Wells Cathedral. With vacant possession, prime location and clear potential for residential redevelopment, the asset represents a compelling value-add opportunity in one of the South West’s most desirable small cities.