3 bed terraced house for sale

South Street, South Molton EX36

Description

About the property

72 South Street provides an attractive opportunity to acquire a spacious commercial café/shop, operating as Avo Café with the current occupants happy to continue under their lease, together with a deceptively spacious three bedroomed house located above and adjoining to the rear. The property also benefits from a good sized rear enclosed garden with side access. Potential gross combined Return on Investment (rhi) of 7.7% per annum. The shop comprises a large space with two roadside windows, kitchen area, storage and cloakroom. Formerly a door linked to the house from the shop (currently sealed) The property is within a prominent position on South Street in South Molton.

The house has undergone significant refurbishment over the years and is well presented throughout. With a separate access from the alleyway, the house comprises, private entrance hallway, large living room and a kitchen/dining room with adjoining conservatory leading out to the enclosed rear garden. The first floor provides three bedrooms, family bathroom. Adjoining the third bedroom is a large attic store space which may provide potential.

The property is sold Freehold. For layout and approximate room measurements please see the enclosed floorplan & Virtual Tour.
The area


72 is located in a prominent position in South Street close to the town centre and main car park. South Molton itself offers an excellent range of everyday services including shops, schools, restaurants, together with a Sainsbury's supermarket, health centre, recreational facilities and cottage hospital.
Services & outgoings


- The shop is connected to mains water & electricity.

- The flat benefits from mains water, electricity & gas.

- Mains drainage connected to both.

- North Devon Council - Rateable Value - (2023-Present) £5,500 per annum which qualifies for Small Business Rates Relief

- Retail zone A & B as shop/premises. Special rating code 409G - Cafés.

- 72 (House) North Devon Council - Tax Band B (Approx. £1,956 per annum)

- Tenure - Freehold

- EPC 72 (House) Band D (Shop) tbc

Internet & Mobile - Visit ofcom
Directions


From South Molton, head south on South Street and number 72 (avo Café) is on the right hand side.
Digital media links


What3Words Location - ///soda.scanning.jousting
Virtual tour available

important notice


These sale particulars have been prepared as a general guide. They must not be relied upon as statements of fact. We have not carried out a detailed survey, nor tested the services, heating systems, appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings. If there are points which are of particular importance to you, please make contact prior to viewing the property. To the best of our ability we try to represent the property accurately and honestly. A purchaser must make sure they are satisfied with the property before agreeing to proceed.

A Property Information Questionnaire & Title Register are available to prospective purchasers before committing to proceed with a purchase. We are not legal experts, and you must seek and be guided by your own legal advice. Talk to us if there are any questions or concerns relating to the property.

Copyright © 2025 michael adey property

Council Tax Band: B (North Devon Council)
Tenure: Freehold