5 Bedroom Shop Commercial for sale in Queen Street, South Molton, Devon, EX36

5 Bedroom Shop Commercial - £320,000

Queen Street, South Molton, Devon, EX36

First listed on: 22nd January 2020

Nearest stations: King's Nympton (6.3 mi)Portsmouth Arms (6.4 mi)Umberleigh (6.7 mi)Chapelton (Devon) (8.2 mi)Eggesford (9.1 mi)

Interested in this property? Call See phone number 01769 574500

Further Informations

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Property Features

  • Arrange viewings & book a valuation online 24/7 at www.gth.net
  • Mixed Residential/Commercial Premises
  • Ground Floor Retail Unit
  • 2 First Floor Flats
  • 1 Second Floor Flat

Property Description

Tenure: Leasehold

Set within a prominent town position, a superb investment opportunity comprising 3 self contained residential flats and smart commercial retail premises, currently let and providing a healthy income. Offered with no onward chain. EPC's C,D,D & D



7 Queen Street represents an excellent commercial/residential leasehold investment opportunity enjoying an outstanding position close to the Town Square. The property, which has undergone a significant refurbishment programme, provides an attractive and versatile mix of commercial and residential letting units currently let and providing a projected income of just over £25,000 per annum.
On the ground floor is a spacious retail unit currently let under 5 year lease and operating as a hair salon with a prominent shop front, currently let at £6,500 per annum. The flats benefit from a separate gated shared entrance which leads to the rear of the property and provides access via steps to the communal entrance hallway and stairwell. On the first and second floors are three self-contained residential flats (2 x two beds and 1 x one bed. The two bedroomed flats are currently let for £550 per calendar month and the one bedroomed flat is currently let for £450 per calendar month.
The property enjoys views over the town square to the front and views toward the countryside to the rear.
For layout and approximate room measurement please see the enclosed floorplan.

The property occupies a prominent position close to the Square on the juncture of Queen Street, King Street and Barnstaple Street. South Molton is a popular market town well positioned within North Devon with an estimated population of about 5,000 residents. The town serves a large rural catchment area, providing an excellent range of everyday services including shops, well regarded primary and secondary schools, restaurants and banks, together with a Sainsbury's supermarket, health centres, recreational facilities and a cottage hospital.
The A361 North Devon link road is within easy driving distance providing quick access to the larger regional centre of Barnstaple as well as Tiverton and the M5 motorway (Junction 27). Mainline intercity rail links are available at Tiverton Parkway (London Paddington approx. 2 hours) with international airports at Exeter and Bristol.

Tenure The property is Leasehold and it is understood that the premises benefit from the remainder of a 999 year lease which commenced in 2003.

Services & Outgoings Mains electricity, water and gas supplies are understood to be connected to the property. Drainage to mains system. The flats are subject to local council tax together with the usual service and environmental charges. The retail unit has a current rateable value of £4,300.

Viewings Strictly by appointment only, to be arranged with the selling agents.

Set within a prominent town position, a superb investment opportunity comprising 3 self contained residential flats and smart commercial retail premises, currently let and providing a healthy income. Offered with no onward chain. EPC's C,D,D & D



7 Queen Street represents an excellent commercial/residential leasehold investment opportunity enjoying an outstanding position close to the Town Square. The property, which has undergone a significant refurbishment programme, provides an attractive and versatile mix of commercial and residential letting units currently let and providing a projected income of just over £25,000 per annum.
On the ground floor is a spacious retail unit currently let under 5 year lease and operating as a hair salon with a prominent shop front, currently let at £6,500 per annum. The flats benefit from a separate gated shared entrance which leads to the rear of the property and provides access via steps to the communal entrance hallway and stairwell. On the first and second floors are three self-contained residential flats (2 x two beds and 1 x one bed. The two bedroomed flats are currently let for £550 per calendar month and the one bedroomed flat is currently let for £450 per calendar month.
The property enjoys views over the town square to the front and views toward the countryside to the rear.
For layout and approximate room measurement please see the enclosed floorplan.

The property occupies a prominent position close to the Square on the juncture of Queen Street, King Street and Barnstaple Street. South Molton is a popular market town well positioned within North Devon with an estimated population of about 5,000 residents. The town serves a large rural catchment area, providing an excellent range of everyday services including shops, well regarded primary and secondary schools, restaurants and banks, together with a Sainsbury's supermarket, health centres, recreational facilities and a cottage hospital.
The A361 North Devon link road is within easy driving distance providing quick access to the larger regional centre of Barnstaple as well as Tiverton and the M5 motorway (Junction 27). Mainline intercity rail links are available at Tiverton Parkway (London Paddington approx. 2 hours) with international airports at Exeter and Bristol.

Tenure The property is Leasehold and it is understood that the premises benefit from the remainder of a 999 year lease which commenced in 2003.

Services & Outgoings Mains electricity, water and gas supplies are understood to be connected to the property. Drainage to mains system. The flats are subject to local council tax together with the usual service and environmental charges. The retail unit has a current rateable value of £4,300.

Viewings Strictly by appointment only, to be arranged with the selling agents.

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Date History Details
24/01/2020 Property listed at £320,000

Disclaimer

Disclaimer Property reference 52743_STM200020. Details are provided and maintained by Greenslade Taylor Hunt. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by

23 Broad Street

South Molton

Devon

EX36 3AQ

Telephone: See phone number 01769 574500

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Disclaimer

Disclaimer Property reference 52743_STM200020. Details are provided and maintained by Greenslade Taylor Hunt. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

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This property is marketed by

23 Broad Street

South Molton

Devon

EX36 3AQ

Telephone: See phone number 01769 574500

Arrange Viewing Arrange Viewing with Agent Check Affordability Check Affordability

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