New Street, Honiton Offers in the Region Of £425,000

The property comprises two interconnecting retail units, with first and second floor storage over number 4 and a self contained flat over number 6. Honiton is a busy market town with a population approaching 12,000 and significantly larger hinterland. Both shops are well presented, with modern shop fronts and suspended ceilings with inset lighting. The property occupies a prominent trading location in the heart of the town, which is home to a wide range of thriving local traders. Nearby occupiers include W.H Smiths, Boots, NatWest & Lloyds banks.

The retail elements provided the following approximate dimensions prior to tenant fit out.

Ground Floor SHOP - Frontage - 16’6 overall depth 58’6. Retail area – 466 square feet approximately. STORE - 10 Square feet First Floor STORE - 460 square feet approximately Second Floor STORE – Store and staff room. WC. 500 square feet

Ground Floor SHOP – Frontage - 16’6. Overall depth 57’6. Retail area – 800 square feet approximately. STORE 120 square feet approximately First Floor SELF CONTAINED FLAT comprising: LIVING ROOM – 6.5m x 3.6m (21’6 x 11’9) KITCHEN/BREAKFAST ROOM – 4.45m X 3m (14’6 X 10’) BEDROOM ONE 5.2m x 3.15m ((17’ X 10’3) BEDROOM TWO 5.1m x 2.9m (17’ x 9’6) Maximum BEDROOM THREE 4m x 2.75m (13’3 x 9’) Maximum BATHROOM / WC 2.7m x 2.4m (9’ x 8’) ROOF GARDEN

Number 4 and the ground floor of number 6 are let to Goodenough (St.Austell) Limited, (trading as Clarks Shoes) for a period of 4 years from 1 May 2023 at a rental of £22,000 per annum. The lease is held on effectively full repairing and insuring terms. The first floor flat is currently let on a periodic tenancy at a rent of £700 per month.

Strictly by appointment with the agents.

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