2 bed retail premises for sale

59 Mill Street, Bideford, Devon EX39

For sale by traditional online auction, with the auction date to be set shortly. Please call to book into one of the scheduled block appointments to view.

A rare opportunity to acquire a prominently positioned mixed-use freehold property, briefly comprising a mobile phone retailer on the ground floor and the upper residential floors let on an Assured Shorthold Tenancy basis, premise trading as a situated within the heart of Bideford town centre.

Mixed residential and commercial investment property

A rare opportunity to acquire a prominently positioned mixed-use freehold property, briefly comprising a mobile phone retailer on the ground floor and the upper residential floors let on an Assured Shorthold Tenancy basis, premise trading as a situated within the heart of Bideford town centre. Mill Street is a well-established commercial and residential location linking the High Street and surrounding retail and amenities, making this an attractive investment and asset-management opportunity.

This terraced period property occupies a highly visible position within a parade of established businesses and residential accommodation. The postcode is recognised as a mixed residential and commercial area, with a range of local businesses trading nearby and excellent access to town centre facilities and transport links.

Accommodation

Commercial

Ground floor: Main retail premised with office and cloakroom/WC to the rear.

Residential

Ground floor: Private flat entrance.

First floor: Landing, kitchen/breakfast room (with access to roof area), living room.

Second floor: Landing, two bedrooms, bathroom/WC.

Tenure

Freehold subject to tenancies.

Tenancy Information

Commercial: Let to A1 Comms Ltd who are holding over on a 5 year lease, with current rents reserved of £8,250 per annum.

Residential: Let on an Assured Shorthold Tenancy basis, with current rents reserved of £525 per calendar month.

For further more detailed information please refer to the auction legal pack.

EPC

Commercial: Rating - B.

Residential: Rating - D.

What3Word

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Broadband & Mobile Coverage

Broadband: Ultrafast available

Mobile: Good outdoor. May be variable indoor.

Source:

Viewings

Please call to book into one of the scheduled block appointments.

Important Information

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.

Auction Legal Pack & Finance

Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal, planning and finance enquiries prior to the auction.