Fore Street, Chudeigh, Newton Abbot
Investment opportunity! This property is currently split into 3 units, a one bedroom garden flat, a well positioned retail unit and a 2 bedroom maisonette. All three are currently let and generating a healthy income. This investment comes with the benefit of no onward chain. Please contact us for more information regarding lease break clauses. With Chudleigh continuing to expand we expect Fore Street property values and rental figures to soar! This property is currently producing an annual rent of over £18,000.
- Retail shop/office
- 2 bedroom maisonette
- 1 bedroom garden flat with character
- All 3 units currently let
- Easy access to Exeter and Plymouth
- Prime Chudleigh retail position
- Enclosed rear garden
- Very large master bedroom in maisonette
- NO ONWARD CHAIN
- To arrange a viewing please contact us on 01626 897555
Conveniently positioned in Chudleigh, a small town in the Teign Valley situated between Exeter and Newton Abbot, with the A38/Devon Expressway by-passing the town, providing fantastic access to Plymouth, Exeter and the M5. Chudleigh Primary School is within walking distance. The popular Teign secondary school is located a short drive away in Kingsteignton. There are regular bus routes and a good range of shops in Chudleigh, including a Co-Operative. For larger shops there are supermarkets in Kingsteignton, Newton Abbot and Exeter. Local amenities in Chudleigh include shops, a swimming pool, a cricket field, football pitches, allotments, parks, doctors surgeries, a dentist, vets, hairdressers, a post office, several restaurants/pubs and a library.
This investment property comprises a prime retail unit, 1 bedroom garden flat and a 2 bedroom maisonette. The retail unit has A1 and A5 use and is currently leased as a sandwich/takeaway coffee shop. It also benefitted from a refit roughly 7 months ago. The retail unit is split into two sections of which the main retail area measures 6.6m x 3.75m. The garden flat has a "character cottage" feel and is in good decorative order. 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 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. 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.
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.
From our office head North East along Fore Street towards Exeter, the property can be location roughly 70 metres on the left hand side.