Property photos
£170,000
(£273.75/sq. ft)
Property for sale
124 High Street, Sidmouth, Devon EX10621 sq. ft
Available immediately
Local area information
Property location
Nearby amenities
- St John's School 0.6 miles
- Sidmouth Church of England (VA) Primary School 0.9 miles
- Feniton 7.5 miles
- Whimple 7.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Sidmouth to find out more about the local area.
Features and description
- Freehold income producing investment property
- Popular East Devon seaside town
- Prominent corner trading position
For sale: Guide Price: £170,000
Freehold income producing investment property
Popular East Devon seaside town
Prominent corner trading position
Sidmouth is a popular seaside town located approximately 15 miles south east of Exeter with a resident population of approximately 14,000.
The town centre offers a good range of independent traders, and national retailers, public gardens, library, cinema, theatre, sports clubs and regular bus services to the surrounding area.
Sidmouth also has a Waitrose, Lidl, modern heath centre and 18 hole golf course.
The property is positioned within walking distance to the town centre and seafront, close to The Original Factory Shop, Scott Cinemas, Harrison Lavers and Portbury's Estate Agents, Tesco Express and County Couture Bridal Shop.
The town benefits from an all year round trade together with an influx of tourists in the summer months.
The property comprises a ground floor coffee shop benefiting from a prominent corner position on Sidmouths' busy High Street.
The accommodation is well presented and is arranged in two main sections with sales counter, seating, kitchen and w/c facilities.
Outside there is an additional seating area just off the High Street.
The freehold is available at a guide price of £170,000 showing a net return after purchasers costs of 8.07%.
VAT is not chargeable to the purchase price.
Both parties to bear their own legal costs in the transaction.
An EPC is available and the rating is D/82.
The property is being sold with the benefit of a lease of the ground floor shop to Rincon Projects Limited for a term of 5 years from the 29th January 2021 on a contributory full repairing and insuring basis subject to a Schedule of Condition at a rent of £14,000 per annum. The rent is reviewed at the third anniversary and has not been implemented.
There was a tenants option to break at the third anniversary which was not exercised.
The flat on the upper floor has been sold off on a freehold basis.
Freehold income producing investment property
Popular East Devon seaside town
Prominent corner trading position
Sidmouth is a popular seaside town located approximately 15 miles south east of Exeter with a resident population of approximately 14,000.
The town centre offers a good range of independent traders, and national retailers, public gardens, library, cinema, theatre, sports clubs and regular bus services to the surrounding area.
Sidmouth also has a Waitrose, Lidl, modern heath centre and 18 hole golf course.
The property is positioned within walking distance to the town centre and seafront, close to The Original Factory Shop, Scott Cinemas, Harrison Lavers and Portbury's Estate Agents, Tesco Express and County Couture Bridal Shop.
The town benefits from an all year round trade together with an influx of tourists in the summer months.
The property comprises a ground floor coffee shop benefiting from a prominent corner position on Sidmouths' busy High Street.
The accommodation is well presented and is arranged in two main sections with sales counter, seating, kitchen and w/c facilities.
Outside there is an additional seating area just off the High Street.
The freehold is available at a guide price of £170,000 showing a net return after purchasers costs of 8.07%.
VAT is not chargeable to the purchase price.
Both parties to bear their own legal costs in the transaction.
An EPC is available and the rating is D/82.
The property is being sold with the benefit of a lease of the ground floor shop to Rincon Projects Limited for a term of 5 years from the 29th January 2021 on a contributory full repairing and insuring basis subject to a Schedule of Condition at a rent of £14,000 per annum. The rent is reviewed at the third anniversary and has not been implemented.
There was a tenants option to break at the third anniversary which was not exercised.
The flat on the upper floor has been sold off on a freehold basis.
More information
Listed by
Stratton Creber Commercial
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