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For Sale by Auction on 23rd May 2024, Freehold Former Bank Premises, 11 & 13 Fore Street, Tiverton, EX16 6LW

6,746 Sq Ft / Retail / General Retail

For Sale - £225,000.00

Available - Last updated: 27 April 2024

For Sale by Auction on 23rd May 2024

No.11 Fore Street is a period corner building with a rear two storey extension, arranged over ground and basement totalling 531.63 sq m (5,722 sq ft) The former banking hall has high ceilings that incorporates the first floor windows, providing additional natural light to the unit.

No.13 consists of a ground floor and first floor retail investment t/a an estate agent (refer to the legal pack) totalling 95.10 sq m (1,024 sq ft) over the two floors. The upper floors are residential and have been sold off on a long lease (refer to the legal pack). There is a rear yard and car parking for about 4 cars.

 

Location

Tiverton is the comemrcial and administritive centre of Mid Devon and lies approximately 14 miles north of Exeter and 30 miles south east of Barnstaple. It can be accessed via the A361, A3126 and A396 with the former providing direct access to the M5 motorway to the east at junction 27. Tiverton Parkway railway station provides regional rail links as well as regular direct services to London Paddington. Additionally numerous bus routes serve the area and Exeter Airport lies approximately 16 miles to the south.

Fore Street is one of the principle retail thoroughfares in the town centre running west from Bampton Street. The property lies on the south side of the street with nearby notable occupiers including Boots, EE, The Works, Barclays and Lloyds Bank.

Accommodation

11 Fore Street

Ground Floor - 298.49 sq m (3,212 sq ft)

Basement - 233.14 sq m (2,509 sq ft)

13 Fore Street

Ground Floor - 76.83 sq m (827 sq ft)

First Floor - 18.27 sq m (197 sq ft)

Second Floor Residential

Total - 626.73 sq m (6,746 sq ft)

Terms

Tenure - Freehold

Guide Price - £225,000

Specification

  • This sale is conditional and is subject to confirmation by the seller, who will accept or decline the highest bid no longer than five working days from the bidding closing time 
  • By order of National Westminster Group
  • Freehold former bank premises totalling approximately 626.73 sq m (6,746 sq ft) and retail investment
  • Town centre location
  • Alternative use potential (subject to consents)
  • Suit investors/developers
  • £14,100 pax with part vacant possession vacant possession
  • BLOCK VIEWING DATES - 11AM TUESDAY 16TH AND 23RD APRIL

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Guide Price For Sale Freehold £225,000.00 NA

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Agency Team

BidX1 Commercial

020 3151 9502

Mat Harris

BidX1 Commercial

020 3151 9489

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