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For Sale or To Let - 38 & 40 Bampton Street, Tiverton, Devon EX16 6AH
The premises are located within the heart of the town centre in a good secondary trading position close to the Market Walk shopping centre and car park.
Nearby occupiers include BetFred, Peacocks Clothing, the Post Office and Costa Coffee amongst other independent and national retailers.
Substantial town centre freehold building
Two separate self-contained shops with ground floor and basement accommodation
Four flats sold off on long leasehold interests above
Ideal investment opportunity
Guide price £180,000
The property comprises two ground floor self-contained shops with the accommodation arranged on the ground floor and basement floors. Number 38 is currently vacant and being offered on the open market by way of a new contributory full repairing and insuring Lease at a commencing rent of £11,500 per annum.
Number 40 is available to rent at 8,000 per annum. Further details of the Lease are available from the agents.
The upper floors comprise 4 flats which have been sold off on long Leases at a Peppercorn Rent.
Tiverton is a busy market town with a population of approximately 22,000 and with a further rural catchment population of about 20,000. The town lies on the A361 North Devon Link Road to the North Devon coast and thus during the summer months attracts many tourists.
The premises are situated in the town centre in a good central trading location close to the Market Walk Shopping Centre and Car Park. Nearby occupiers include Fox & Sons Estate Agents, BetFred, Peacocks Clothing, the Post Office and Costa Coffee amongst other independent national and local retailers.
38 Bampton Street
Ground Floor - 996 sq ft (92.60 sq m)
Basement - 308 sq ft (28.65 sq m
Total - 1,304 sq ft (121.25 sq m)
40 Bampton Street
Ground Floor - 343 sq ft (31.8 sq m)
Basement - 213 sq ft (19.8 sq m)
Total floor area - 556 sq ft (51.6 sq m)
4 Flats sold off on long leasehold interests at a peppercorn rent
38 Bampton Street (shop) - Vacant
40 Bampton Street (shop) -Vacant at a rent of £8,000 per annum.
First Floor Flat (1) - 99 years from 1 January 1990
Second and Third Floor Flat (2) 99 years from 1 January 1990
First Floor Flat 1 (40) 99 years from 1 January 1990
Second and Third Floor Flat 2 (38) - 99 years from 1 January 1990.
The ground rents for the flats are peppercorn.
The following information is via the Valuation Office web site:
38 Bampton Street - Rateable Value £15,500
40 Bampton Street - Rateable Value £7,400
The freehold interest is available for sale at a guide price of £235,000
All figures are exclusive of VAT where applicable
Viewing and Further Information
Strictly by appointment with the sole agents:
Seddon Estate Agents
Contact: Nick Seddon
Telelphone: 01884 253 500
Stratton Creber Commercial
20 Southernhay West, Exeter, Devon
Contact: Damian Cook
Telephone: 01392 202203
Please see the floor plan for the dimensions. The internal photos have been taken with a wide angle lens to show more of the rooms.