Fore Street, Chudleigh

Fore Street, Chudleigh

Ref. 001967
£289,000

INVESTMENT OPPORTUNITY! This mixed use property is currently split into THREE UNITS, a one bedroom GARDEN FLAT, a well positioned retail unit and a TWO BEDROOM MAISONETTE. All three are currently let and generating a healthy income. This investment comes with the benefit of no onward chain and business unaffected. Please contact us for more information. This mixed use property is currently producing an annual gross rent of over £20,700.

  • Mixed Use Property In Prime Town Location
  • All Three Units Currently Let, Business Unaffected
  • Established Business In The Commercial Unit
  • Gross Income Currently Of £1725.00 PCM, £20,700.00 PA
  • No Onward Chain
  • Two Bedroom Maisonette Plus One Bedroom Garden Flat
  • Great Access To A38, Serving Both Exeter, Plymouth & The M5
  • Walking Distance To Primary School & Chudleigh Town Centre

Location part 1

Chudleigh is a small town between Exeter and Newton Abbot, close to the edge of Dartmoor National Park and in the popular Teign Valley. Dartmoor National Park is best known for its striking granite tors, steep wooded river valleys and heather covered moorland. Offering a wide selection of recreational opportunities such as walking, cycling, riding and fishing on the River Dart. Many of the region's finest beaches are within easy driving distance. The well regarded Chudleigh Primary School is located in the town along with regular bus services. For secondary schools you have the popular Teign School in Kingsteignton. Chudleigh offers a wealth of local amenities including shops, a cricket field, a swimming pool, football pitches, allotments, parks, two doctors surgeries, a dentist and a library.

Location part 2

For larger shops there are supermarkets in Kingsteignton, Newton Abbot and Exeter. The market town of Newton Abbot has a mainline railway station with direct links to London Paddington, along with Exeter St Davids Station. There is also an international airport in Exeter. The A38 (Devon Expressway) which by-passes the town provides good access to Plymouth, Exeter and the M5 motorway network. The A380 connects Torbay.

Building split part 1

This mixed use investment property comprises a PRIME RETAIL UNIT, a one bedroom GARDEN FLAT and a TWO BEDROOM MAISONETTE. The garden flat on the lower ground floor has a "character cottage" feel. Consisting of living room 3.38m x 3.29m. Bedroom 3.31m x 2.73m, Kitchen/diner 3.53m x 3m and a shower room. The enclosed rear garden is low maintenance with a bedding plant area. The retail unit on the ground floor has A1 and A5 use and is currently leased as a sandwich/takeaway coffee shop on a self insuring/repairing lease. The shop unit is split into two sections of which the main retail area measures 6.6m x 3.75m.

Building split part 2

The maisonette above is light and spacious as well as having its own separate entrance to the side of the property. The master bedroom (4.99m x 4.09m max) and bathroom (3.86m x 3.5m max) are of impressive proportions, the master bedroom has far reaching views from the Velux window. Bedroom two 3.91m x 2.7m. The kitchen has a range of wall and base units as well as a space for a fridge, freezer and cooker. The kitchen measures 6.2m x 2.3m which gives potential to add a breakfast bar.

Outside

To the rear of the property there is an enclosed garden leading from the garden flat surrounded by stone walls. There is a hard standing area providing low maintenance as well as a range of shrubs and bushes. This could make a lovely BBQ area with space for a table and chairs.

EPC ratings

Garden Flat EPC E Shop EPC D Maisonette EPC E

Business Rates

Rateable Value £4,300.00

Services

Mains electric, water and drainage, mains gas.