FOR SALE. Attractive & Modernised Self-Contained Lock-Up Retail Premises sq.m (718 sq.ft)

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1 FOR SALE Attractive & Modernised Self-Contained Lock-Up Retail Premises sq.m (718 sq.ft) 29 Fore Street, Cullompton, Devon, EX15 1JS GUIDE PRICE 95,000 Cullompton: Cullompton is a thriving market town situated in Mid Devon lying on the River Culm and next to the M5 motorway. It is 12 miles (19 km) north of the cathedral city of Exeter. The parish covers nearly 8,000 acres (32 km 2 ) and stretches for 7 miles (11 km) along the Culm valley. In 2007 the town had a population of approximately 8,600 people and Devon County Council s Devon Town Baseline Profile prepared in 2006 indicates that Cullompton has seen significant population growth since 1991 with Cullompton Parish growing by approximately one third, and twice the county average.

2 The attractive and historic town centre serves both the local resident population and the much wider rural area and is characterised by a main high street of mixed retail and commercial businesses. In 2007 Tesco developed a new superstore to the north of the town centre. In 2014, Exeter Road Retail Park was developed to the south and is now occupied by Aldi (14,510 sq.ft / 1,348 sq.m) and Home Bargains (11,700 sq.ft/ 1, sq.m). Earlier this year, Cullompton was awarded Garden Village status as part of the government s Garden Village Scheme. The proposals include the development of 5,000 new homes, a further junction on the M5 motorway, a relief road and a re-opening of the town s railway station. These infrastructure improvements and proposals for expansion will increase the vibrancy of the town and support businesses within Cullompton. Location: This attractive mid- terrace property is situated close to the centre of the town, which is characterised by a mixture of local and national retailers. The Co-Operative food store is located next door but one, and Lloyds Bank a short distance away and Costa Coffee have recently opening a second outlet within the High Street. Other independent businesses within the immediate vicinity include Fudges Haberdashery, Veysey s traditional butchers and Westward County Insurance Consultants. Description: These attractive and well-presented ground floor lock-up retail premises are being offered for the first time as a self-contained unit, presenting an ideal opportunity for an owner occupier or property investor. The owners, who currently occupy retail premises as well as the maisonette above, intend to sub-divide the property retaining the upper floors and selling the shop. The ground floor has been separately let in the past to a firm of Estate Agents, but is currently retailing ladies fashion clothing. The premises could suit a variety of retail uses, but would equally suit financial or consultancy services. The premises comprise an attractive fully glazed shop frontage with central double doors. Internally, the unit is broadly rectangular having an overall depth of 14.28m (46 10 ) and an average width of 4.45m (14 7 ). There is a tiled ceiling finish with fluorescent refractive lighting and directional spotlighting, together with an electric ceiling fan. An electric warm air heater is situated above the entrance doors. The shop has a modern appearance with flush faced walls which are decorated to a good standard, and there is slat walling fitted either side towards the front section of the premises. The premises have a wood effect laminate floor completing the modern interior. There is a change of floor level at a depth of approximately 9.35m (30 8 ) from the shop front, with steps leading to the well-proportioned changing rooms and a corridor which bypasses this and leads to the staff welfare facilities beyond. Please refer to the attached floor plan which indicates the approximate layout of the premises (this is provided for illustrative purposes only and should not be relied upon for scale or accuracy). A door leads from the retail accommodation to the staff rest room / kitchen facility. The kitchenette comprises a stainless steel sink and drainer with storage units beneath the laminate work surface. There is also a further breakfast bar and storage shelving affixed to the walls. The WC is partitioned off within this area. A door leads from the staff kitchen to the outside passage way known as Rowe s Court which leads back to the front of the property via a pair of metal gates.

3 The internal accommodation can be summarised as follows. The areas quoted are on a net internal area basis. Accommodation Metric (sq.m) Imperial (sq.ft) Retail Accommodation Kitchen / Staff Room Single WC TOTAL The premises have ample electrical sockets for most occupiers requirements, and heating is provided by night storage heaters and a warm air blower located above the entrance doors. A landline telephone is installed within the retail accommodation. There is currently a security tag sensor system installed within the premises which may be of benefit future occupiers. Services: Mains water and electricity are connected and separately metered. Deliveries & Parking: There is a loading bay marked on the highway in front of the property which is ideal for deliveries through front doors of the premises. Customer parking is located a short distance away within the town square or at the main public car park where modest car parking charges apply. Planning: The premises benefit from A1 retail consent. Interested parties are advised to contact Mid Devon District Council to confirm the premises would have the appropriate planning consent for their intended use. Energy Performance Certificate: The energy performance certificate rating is C73. The full certificate and recommendations can be provided on request. Business Rates: According to the Valuation Office Agency website, the property has the following assessment: Rateable Value 7,700 Rates Payable 2018 / ,696 From 1 st April % rates relief is applicable to qualifying tenants up to a Rateable Value of 12,000. We recommend that interested parties contact Mid Devon District Council on for further information. Proposal: The ground floor lock-up retail premises (edged red on the attached floor plan) will be separated from the remainder of the property and sold on a 125 year lease at a peppercorn rent. The guide price is 95,000 for the long leasehold interest.

4 Outgoings: The freehold owner will maintain the exterior of the property and arrange annual building s insurance for the whole. The owner of the ground floor retail unit will contribute 50% towards the cost of external maintenance of the shared elements of the property and the annual buildings insurance premium. The owner of the ground floor will separately insure the plate glass shop frontage, in the usual way. The property owner is currently arranging for the front of the property to be redecorated. This will be at the vendor s expense. VAT: We understand that VAT is not applicable but prospective purchasers will need to verify this for themselves. THE CODE FOR LEASING BUSINESS PREMISES IN ENGLAND AND WALES 2007 Please see Asbestos Regulations: It is the responsibility of the owner or tenant of the property, and anyone else who has control over it and / or responsibility for maintaining it to comply with the Control of Asbestos Regulations 2006 (CAR 2006). The detection of asbestos and asbestos related compounds is beyond the scope of Haarer Goss and accordingly we recommend you obtain advice from a specialist source. Legal Costs: Each party to be responsible for their own legal costs incurred with the transaction. Viewing: For further information, or to view the premises, please contact Iain Biddlestone at Haarer Goss. Haarer Goss 17 Barnfield Road Exeter EX1 1RR (01392) or enquiries@haarergoss.co.uk IMPORTANT: MISREPRESENTATION ACT, Messrs. Haarer Goss, for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not constitute, nor constitute any part of, an offer or a contract; (2) All statements contained in these particulars as to this property are made without responsibility on the part of Messrs. Haarer Goss or the vendors or lessors; (3) None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact; (4) Any intending purchasers or lessees must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars; (5) The vendors or lessors do not make or give, and neither Messrs. Haarer Goss nor any person in their employment has, authority to make or give any representation or warranty whatever in relation to this property; (6) Messrs. Haarer Goss cannot hold themselves responsible for travelling expenses, etc., should properties be let, sold or withdrawn. Date: August 2017.

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7 Location Plans 29 Fore Street, Cullompton