This attractive property comprises a large double fronted ground floor retail or office premises, forming part of a three storey period mid terrace building. The shop has excellent display windows on to the High Street with central door access and was, until recently, used as estate agency offices. Internally, the main retail or office area to the front is particularly appealing being open plan (with one separate office / meeting room, which could easily be removed if not required) with LED lighting, spotlighting (to the windows) and night storage heating. To the rear, there is a kitchenette and toilet facility together with several separate basic offices and / or stores.
The property is available to let on a new lease or alternatively the long leasehold is also for sale (further details below) with the premises suitable for retail or office uses, subject to planning. The rear ancillary office and storage accommodation was previously granted planning permission for a one bedroom self-contained flat (ref 12/0868/FUL) in 2012.
These retail or office premises therefore offers a rare opportunity to purchase a long leasehold interest (with approx. 103 years still remaining on the lease) in attractive ground floor premises which also has a potential residential redevelopment opportunity.
The property occupies a prominent position in the High Street in the popular and busy coastal town of Budleigh Salterton. This picturesque East Devon town lies approximately 13 miles south east of Exeter. The shop lies close to the free public car park off Station Road and the town has a variety of mainly independent retailers.
a new Full Repairing and Insuring lease is also available on a term to be negotiated at an initial rent of £15,950 per annum exclusive.