Commercial property for sale in 3-5 Broad Street, Ottery St. Mary, Devon EX11
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Town centre mixed use investment
- Prominent trading position
- Fully income producing
- Anchor tenant Boots Pharmacy
- Potential to split
- Guide price: £350,000
Property description
Town centre mixed use investment
Prominent trading position
Fully income producing
Anchor tenant Boots Pharmacy
Potential to split
Guide price: £350,000
Ottery St Mary is a busy East Devon town easily accessed from the A30. The town centre has a strong independent presence including Estate Agents, pubs, cafes and retail units together with Sainsbury's supermarket.
Ottery St Mary is a popular historic town with a population of 7,700 and a large rural catchment. There is on street parking and short stay car parks in the town centre as well as a regular bus service linking East Devon to Exeter.
The property comprises two adjoining terraced period buildings which extend over lower ground, ground and first floors and had been amalgamated internally to provide ground floor retail accommodation with a first floor self-contained and separately accessed flat.
The property is not registered for VAT.
Both parties to bear their own legal costs in the transaction.
The properties have the following EPC ratings:
Shop: B35
Flat: D64
Basement and ground floor: A new lease has been agreed with Boots UK Limited for a term of 5 years from 1st November 2023 on a proportional full repairing and insuring basis at a rent of £19,000 per annum. There is a tenants option to break at the 3rd anniversary subject to 6 months prior written notice. The tenant pays 50% of the repairs and building insurance for the property. The lease is contracted inside the Landlord & Tenant Act 1954. Flat: There is an Assured Shorthold Tenancy subject to a rent of £775 pcm or £9,300 per annum. Total rental income for both the shop and the flat: £28,300 per annum.
For Sale: Guide Price: £350,000
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Stratton Creber Commercial, EX1 on +44 1392 976334 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Stratton Creber Commercial, and do not constitute property particulars. Please contact Stratton Creber Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.