East Street, South Molton, Devon

Retail Property (High Street) for sale in Devon

SHOP TO RENT
Grade II Listed building
South Molton town centre
Facing the main traffic flow
Prime location
Ground floor retail space circa 392 sq ft plus kitchen
Lower ground floor circa 370 sq ft retail/stores plus 2 cloakrooms
Gas radiator CH
Nicely presented having recently been re-decorated

LOCATION
In a bold corner location within the very heart of this thriving market town at the eastern end of "The Island" 138 East Street is a Grade II Listed building within easy reach of all amenities.
This expanding town is within around 10 miles of Barnstaple just off the North Devon Link Road and is often referred to as the gateway to Exmoor National Park.
The Indoor Pannier Market boasts over 70 stalls offering a wide variety of goods and services. Regular events are held there and the town has a host of independent retailers.
There is a busy industrial sector at Pathfields Industrial Estate as well as Mole Valley Farmers Store and a Sainsbury's supermarket near to the town centre.

THE PREMISES
This double fronted retail space has accommodation on the ground floor and basement below. The Landlord has recently re-decorated the premises which are ready for occupation. The shop and lower ground floor has radiator gas fired central heating. The premises would be ideal for a variety of uses and have in the past been a cafe, fabric shop or may suit as an office subject to any planning permission which may be required.

THE PROPOSAL
A new FRI lease is available at a commencing annual rental of £7,500. The tenant must also provide the usual ID, trade/character references and proof of funds for Landlord's approval. The rent will be paid monthly in advance and a 3 month rental deposit is requested.

SERVICES
All mains connected. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting https://checker.ofcom.org.uk

AGENTS NOTE
Please note this property is in a conservation area.

VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.

VIEWING
Strictly by appointment through the selling agents.

RATEABLE VALUE   
£5,100 UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.

LEGAL ADVICE
We strongly recommend that a tenant takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.

PLANNING
It is the responsibility of the proposed tenant to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the tenant's responsibility.

LEASE TERMS
All leases are on full repair and insuring (FRI) terms unless otherwise stated.

From our Webbers office in South Molton turn left towards East Street and opposite is "The Island". This shop is located at the far end, on the right hand side.

Important Information

• This is a Leasehold property.

Property Ref: 55707_COM250018

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