Retail premises for sale in Fore Street, Tiverton EX16

Key Points

Description

The property comprises two retail units arranged over ground floor and basement. 11 Fore Street is a corner, period building of stone masonry construction beneath a flat roof. To the rear there is a two storey extension of brick construction arranged over ground floor and basement. There is a small secure car park to the rear with space for 3-4 cars. 13 Fore Street is a mid terrace unit of stone masonry construction with a rendered façade on the front elevation, beneath a pitch tiled roof. The upper floors of the property comprise residential accommodation. We understand that the property is not listed but is within the Tiverton Conservation Area.

Location

Tiverton is a market town located in Devon which has a population of approximately 22,000 with a further catchment of c. 16,500. Fore Street is the main retail pitch in the centre of the town popular with both national and independent retailers and restaurants. Occupiers include Boots, Poundstrecher, EE, ReFurnish, Card Factory and Tui. The property fronts directly onto Fore Street and occupies a corner position on the southern side of the street.

Availability_Text

The accommodation comprises the following approximate Net Internal Areas:

Tenancy

11 Fore Street is vacant. There is an occupational lease relating to 13 Fore Street to M&C Farrell Ltd t/a Diamond Estate Agents, dated 11 September 2019 for a term of 5 years expiring 10 September 2024. The passing rent is £14,000 pax and the lease is within the 1954 Act. The upper floors are held on a long leasehold interest by rspd Management Company Limited from 14th August 2006 for 125 years. There is a ground rent payable of £100 pax and a service charge contribution of £400 pax.

Anti Money Laundering

In accordance with current Anti-Money Laundering (aml) Regulations, the purchaser will be required to satisfy the vendor and their agents regarding the source of funds used in order to complete the transaction.