Withdrawn
Withdrawn Prior
Sold Prior
Sold Prior
Sold
Sold Post
The property comprises a mixed-use investment/development opportunity occupying a prominent pitch on a high footfall street.
Arranged across ground and three upper floors, the property currently comprises a retail unit to the ground floor with vacant upper parts and a large rear car park.
The ground floor is currently let to DP Realty Limited t/a Domino's on a 20 year lease expiring 19.11.2043 and paying £31,000 per annum. The lease is on full repairing and insuring terms and includes 5-yearly open market rent reviews and a tenants break option 19.11.2033
The upper parts are currently vacant and benefit from full planning consent to convert to two flats (Ref: 25/2078/FUL) In addition there is a large rear car park.
The property occupies a prominent pitch fronting Honiton High Street, the principal retail amenity in the town. The surrounding area is characterised by similar mixed-uses with a number of national occupiers including Boots, Specsavers, Holland & Barrett and Clarks.
Tenure
Freehold
Planning
The property benefits from planning consent (Ref: 25/2078/FUL) for conversion of the upper parts to provide two flats comprising 1 x one bedroom and 1 x two bedrooms with separate rear access and car parking.
Please see the East Devon District Council Website for more information.
Rent
Notes
We understand the property is elected for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).