Sold STC
£250,000 Guide Price

131 & 131A High Street, Crediton

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Property Summary

An ideal mixed commercial property in Crediton High Street, shop with basement and yard/parking and a large 3 bedroom flat above – both properties tenanted.
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  • Floorplan

Full Details

An ideal mixed commercial property in Crediton High Street, shop with basement and yard/parking and a large 3 bedroom flat above – both properties tenanted.

Located in a central location is this sizeable mixed use property which includes the freehold of the building. It is currently let to tenants, the shop on a newly signed 10 year lease and the flat on a rolling assured shorthold tenancy. Both tenants are settled. There are separate accesses to both properties and would make an ideal investment, currently returning approx. 7% per annum.

The Shop

With level ground floor access directly off the High Street, it is a prominent location and has been run as a successful florist for many years. As well as the retail space on the ground floor, there is a small WC and staff area to the rear and steps down to the lower ground floor where there is a large storage basement (note there is reduced headroom in parts) and a further room to the rear with door to outside. Outside are some small unused stores and WC and a good sized parking area for 3/4 vehicles. This is accessed from The Burrowe and Francis Court.

The Flat

Accessed from the alleyway to the side, a ground level door leads to stairs to first floor where there is a kitchen/dining room and additional storage room/utility. Further stairs lead to the next floor with 2 bedrooms and a living room with large bay window. Stairs to the final floor lead to the master bedroom, bathroom and a separate WC.

Please see the floorplan for room sizes.

Current Council Tax: 131A (flat) Mid Devon B 2022/23 £1751.52
Rateable Value: 131 (shop) £6300 – note this isn’t what is paid, it is the value used to calculate business rates although for most this will be eligible for small business rates relief.
Utilities: Mains electric, water, gas, telephone and broadband.
Drainage: Mains drainage
Heating: Gas fired central heating to flat
Listed: No
Tenure: Freehold

DIRECTIONS:

On the High Street, just a couple of doors from the junction with Market Street.

CREDITON : An ancient market town, with a contemporary feel – only a short, 20-minute drive NW from the city of Exeter. Set in the Vale of the River Creedy, amongst gentle, rolling hills and verdant pastures. Sincerely picture postcard. Once the capital of Devon, Crediton is famed for its inspiring sandstone church and for being the birthplace of Saint Boniface in 680 AD. Its high street is a vibrant place, abuzz with trade –artisan coffee shops, roaring pubs, a farmers’ market and bakeries, jam-packed with mouthwatering delights. For those commuting it has hassle free transport links into Exeter and for schooling a prestigious community college (Queen Elizabeth’s) – with an Ofsted “outstanding” sixth form. In addition, it boasts a brilliant gym & leisure centre for New Year’s resolutions, two supermarkets for the weekly shop and a trading estate for any practical needs. All neatly held in a single valley.

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