Led by Matt Lenzie, ex-Lloyds Bank and Bank of Scotland, we arrange commercial mortgages, bridging finance, and development finance for property professionals across Wells and Somerset.
Direct relationships with executives and board members of the UK's leading lenders
Former Lloyds Bank and Bank of Scotland professionals who understand lender criteria inside-out
Direct relationships with lender decision-makers for faster approvals and better terms
Proven success arranging complex commercial property finance across the UK
“England's smallest city with magnificent cathedral. Premium property market. Tourism and schools drive economy.”
— CMB Market Analysis
Very limited due to conservation; Wells city centre heritage conservation; Bishop's Palace and moat restoration; Cathedral School campus investment; Princes Road housing; recreation ground improvements
| Property Type | Prime / Grade A | Secondary | Market Range |
|---|---|---|---|
| Office | £10 psf | £4 psf | £4 - £10 psf |
| Retail / Shop | £17 psf | £11 psf | £11 - £17 psf |
| Industrial | £4 psf | £3 psf | £3 - £4 psf |
Market estimates based on Q1 2026 regional benchmarking data. For accurate valuations, contact us for a detailed assessment.
Indicative gross yields. Actual returns depend on property condition, lease terms, and tenant covenant strength.
Wells benefits from growing private investor interest, particularly in hospitality & tourism opportunities.
Representative transactions reflecting current market activity. Prices are guide values based on comparable evidence.
Grade B office building, Wells Cathedral
Lock-up shop unit, Wells City Centre
Modern industrial unit, trade estate
78-bed residential care facility, St Cuthbert's
Licensed premises with flat above, Dulcote
46-room boutique hotel, Haybridge
Market estimates based on Q1 2026 regional benchmarking. For accurate valuations, contact us.
Founder & Principal Broker
With a career spanning Lloyds Bank, Bank of Scotland, and a partnership in a corporate finance business, Matt brings institutional-grade expertise to every deal in Wells. Currently a board advisor to a pension administrator and trustee with £3.9bn of assets under advisory, Matt has raised over £300m of capital for property professionals across the UK.
View Full ProfileWells presents development opportunities linked to Very limited due to conservation. Growing demand from the Tourism & Heritage sector is creating opportunities for purpose-built commercial space and conversion projects. Strong transport links enhance viability for mixed-use and residential-led schemes.
Good appetite for heritage city properties.
Our team has deep experience arranging commercial mortgages, bridging loans, and development finance across Wells and the wider Somerset region, from commercial property purchases to independent retail investments.
Wells is England's smallest city, granted its status solely on the basis of its stunning medieval cathedral, often considered the most beautiful in England. The commercial property market benefits from strong demand across Tourism & Heritage, Independent Retail, Healthcare sectors, creating diverse occupier interest and reducing single-sector risk. With average yields of 4.9% and 14% price growth over five years, Wells offers compelling returns for commercial property investors. Excellent connectivity via A39 to Glastonbury/Bath supports tenant demand and underpins long-term property values. Ongoing regeneration activity, including Very limited due to conservation, further enhances the investment outlook and signals sustained public and private sector confidence.
Competition for quality commercial stock in Wells has increased as investor demand spreads beyond core cities. Understanding local planning policies and Section 106 requirements is essential for development-led strategies.
Wells's commercial property landscape has been shaped by Very limited due to conservation. Growth in the Tourism & Heritage sector has driven notable investment activity, with occupier demand supporting new development and refurbishment projects across the area.
The local planning authority for Wells operates within Somerset, with policies that support sustainable commercial development and town centre vitality. The local plan identifies key development sites and employment areas, and the council has demonstrated a pragmatic approach to commercial property applications.
Commercial property news for Wells will appear here once available. Check back soon for the latest market updates.
We provide commercial mortgages, bridging finance, and development finance throughout Somerset.
Commercial mortgage services available across Wells and surrounding areas. View larger map
Office rents in Wells range from approximately £4 per square foot for secondary space up to £10 per square foot for Grade A accommodation. Grade B office space, which represents the bulk of the market, typically commands around £7 per square foot. These figures are based on Q1 2026 regional market benchmarking.
Investment yields in Wells vary by property type and grade. Current indicative yields are: offices at 7.32%-9.28%, retail at 8.16%-11.46%, industrial at 8.03%-10.75%. Prime yields are typically lower, reflecting stronger covenant strength and location quality. Contact us for a detailed yield analysis for your target property type.
Wells's commercial property market includes offices, retail units, industrial premises, care homes, hotels and guest houses, pubs and restaurants. We arrange finance across all commercial property types, from standard office and retail purchases to specialist assets requiring tailored lending solutions.
Care homes in Wells typically trade at around £27,392 per registered bed. A typical 32-bed home would therefore be valued between £548k and £1.6m. Care home financing is specialist in nature and we work with lenders who understand the operational and regulatory requirements of the sector.