2 High Street, Crediton

Sold STC — £65,000 — Leasehold

Property Sold STC

Commercial Property for Sale in Crediton with 2 Reception Rooms and 1 Bathroom.

Occupying a prominent location, with excellent window frontage, on the edge of the High Street, a well presented lock up shop providing an excellent investment return. The property is currently let to the well established Ivory Secrets Bridal Shop, with approximately 2 & ½ years remaining on their lease and provides an approximate gross yield of 9.2% based upon the asking price, making it an ideal investment property.

The property has a total floor area of just over 400 square feet and is currently open plan, with the exception of the rear kitchen / utility area but could be divided at a later date should the property become vacant and should the current tenant not wish to extend their lease. It is also out of the designated town centre area, in terms of restrictions on retail usage and was previously an office, so it would be suitable for a variety of uses (subject to planning) making the property easier to let.

The accommodation varies in size from front to back and comprises with approximate measurements;

FRONT SHOP AREA — 16' 4'' x 8' 10'' (4.97m x 2.69m)

With large window frontage open plan and narrowing to

MIDDLE AREA — 11' 0'' x 7' 6'' (3.35m x 2.28m)

Open plan and widening again to

REAR AREA — 7' 2'' x 3' 7'' (2.18m x 1.09m)

BACK OFFICE — 13' 2'' x 6' 0'' (4.01m x 1.83m)

With door and step to

KITCHEN/UTILITY/TOILET

Overall dimension of 15’ x 6’ (4.57m x 1.83m) with kitchen area, separate toilet and rear access.

RATEABLE VALUE

£6,800/Annum

RATES PAYABLE

£2,862.80

LEASE

The property is available on the balance of 125 year lease, with approximately 100 years remaining and the leaseholder will also own a quarter share of the Freehold.

Location

  • 2
  • High Street
  • Crediton
  • EX17 3AE

Consumer Protection from Unfair Trading Regulations 2008

These details are for guidance only and complete accuracy cannot be guaranteed. If there is any point which is of particular importance, verification should be obtained. They do not constitute a contract or part of a contract. All measurements are approximate. No guarantee can be given with regarding to planning permissions or fitness for purpose. No apparatus, equipment, fixture or fitting has been tested. Items shown in photographs are NOT necessarily included. Interested Parties are advised to check availability and make an appointment to view before travelling to see a property. For further information about the Consumer Protection from Unfair Trading Regulations 2008, see www.legislation.gov.uk

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