Commercial property for sale in Mossop Cottage, Russell Street, Sidmouth, Devon EX10

For sale: Guide price: £120,000

Freehold office/store investment

Town centre location

Let to Gilbert Stephens Solicitors

Passing rent: £6,000 per annum

Mossop Cottage is located in the middle of the town centre with access from Russell Street which runs in parallel to the High Street.

Sidmouth is a popular seaside town located approximately 15 miles south east of Exeter with a resident population of approximately 13,500 and benefits from an all year round trade together with a large influx of tourists in the summer months.

The property comprises a two storey building currently used for office and storage purposes with kitchen and w/c facilities.

Outside there is further storage and one dedicated parking space in the car park to the rear. Pedestrian access to the building is via the private car park through the rear courtyard.

Note: The freehold of the neighbouring property known as Albion House which has shared rear access with Mossop Cottage and fronts the High Street is also available through Stratton Creber Commercial.

Car parking
One parking space.

VAT is not applicable to the purchase price.

Both parties to bear their own legal costs in the transaction.

An EPC is available for this property and the rating is E. Please contact the agent for further details.

The property is let for a term of 6 years from 1st July 2022 to Gilbert Stephens Solicitors llp on full repairing and insuring terms. There is a tenants option to break on the 30th June 2025 subject to 6 months prior written notice.

The passing rent is £6,000 per annum, subject to review on 1st July 2025.