High Street, Crediton, Devon, EX17

Occupying a superb location in the heart of Crediton on the busy High Street is this spacious shop offering great passing footfall and suitable for a variety of retail purposes. The property has previously been let successfully and presents a good investment opportunity.

Occupying a prominent High Street location, is this good sized and well-presented shop, within an attractive Grade II listed period building. The property is approx. 660 square foot, providing a good sized retail area with storage and kitchen facilities as well as great window frontage. The property benefits from full gas central heating and solid oak flooring to the main retail / display areas.

The shop currently has A1 retail use and would be suitable for a variety of occupations. The premises has most recently been used as a tattoo shop but was previously used as a photography shop / studio. The property would also make a good investment and has recently been rented at £8,400 per annum providing a gross yield of 8.8% based on the asking price.

The accommodation, with approximate measurements comprises;

GROUND FLOOR RETAIL SPACE

FRONT SHOP 15' 11'' x 14' 1'' (4.85m x 4.29m) Excellent double window frontage, radiators, fitted storage cupboard, strip lighting with diffuser, magnolia walls offering a fresh neutral look, finished off by oak flooring.

UPPER SHOP 17' 2'' x 12' 10'' (5.23m x 3.91m) Large open shop with a radiator, strip lighting with diffuser, steps down to the Basement and a door to the rear of the property.

BACK AREA / OFFICE 8' 2'' x 7' 8'' (2.49m x 2.34m) A more private room at the rear with a large sash window, radiator, built in storage shelves and a cupboard housing the boiler.

BASEMENT / KITCHEN 13' 5'' x 12' 8'' (4.09m x 3.86m) Fitted unit with cupboard space below, radiator, rolled edge laminated working surface, inset stainless steel sink with side drainer. Space for fridge.

CLOAKROOM Outside cloakroom with low level WC, wall mounted wash hand basin and a radiator.

OUTSIDE A small concrete courtyard at the rear with a fenced surround.

PLANNING The property currently has A1 (Retail) use. Interested parties should make their own enquiries to the local authority regarding change of use applications.

BUSINESS RATES Current Rateable Value (1st April 2023 to present) £7,100.

Subject to eligibility, small business rates relief may apply to this property. Contact Mid Devon District Council for further information.

NOTE: There is no allocated parking with this premises.

LEASE DETAILS: The property is being sold with the remainder of a 199-year lease from January 2011.
GROUND RENT: No Ground Rent
SERVICE CHARGE: No Service Charge.
There is a 1/3 share of building insurance and any maintenance costs when required.
BROADBAND: Super-Fast Broadband Available. FTTC (Fibre to the Cabinet).
MOBILE SIGNAL: You are likely to have good coverage.
SERVICES Mains Water, Drainage and Electricity are connected to the Premises.
LOCAL AUTHORITY Mid Devon District Council, Phoenix House, Phoenix Lane, Tiverton, EX16 6PP.
EPC RATING C/52
LISTED: Grade II Listed

Please note - this property is owned by an employee of the company.