Commercial property for sale in Albion House, 36 High Street, Sidmouth, & Car Park, Russell Street, Sidmouth, Devon EX10

For sale: Guide price: £285,000.

Freehold retail/office investment with rear car park.

Prime High Street location

Let to Gilbert Stephens Soliciitors llp

Passing rent: £22,000 per annum

Albion House is positioned within the heart of the town centre in a prime trading position amongst the national and independent retailers.

Sidmouth is a popular seaside town and is located approximately 15 miles south east of Exeter with a resident population of approximately 13,500. The town centre offers a good range of independent shops, High Street chains and attractive public gardens, library, cinema, theatre, sports clubs with regular bus services to the surrounding area.

The town benefits from an all year round trade together with a large influx of tourists in the summer months.

The property comprises a Grade II listed mid terraced period property with the accommodation arranged on three floors. Outside there is a rear courtyard with bike store and w/c facilities.

There is a car park accessed via Russell Street to the rear for approximately 6-7 vehicles. (There are 3 further spaces not included).

The freehold of the ground floor of number 38 High Street, known as Kent House and trading as Paragon Books has been sold off.

Car Parking
Car parking for approximately 6/7 vehicles.

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

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. 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 30th June 2025 subject to 6 months prior notice.

The passing rent is £22,000 per annum and subject to review 1st July 2025.