Property for sale

Chapel Street, Tiverton EX16

A rare opportunity to acquire or rent a substantial commercial unit with a long and successful history as a vehicle repair workshop and mot testing station. Following the owner's retirement, the property is now available, presenting an excellent opportunity for business operators and investors alike.

A rare opportunity to acquire or rent a substantial commercial unit with a long and successful history as a vehicle repair workshop and mot testing station. Following the owner's retirement, the property is now available, presenting an excellent opportunity for business operators and investors alike.

Occupying a convenient position close to Tiverton town centre, the property provides approximately 2,300 sq ft of workshop accommodation together with office and welfare facilities, and a generous yard extending to approximately 6,000 sq ft, offering ample space for parking, storage, vehicle display, or a variety of commercial uses. The property has a well-established trading history, having operated as a successful mot testing station and vehicle repair workshop for many years.

The property is available for sale or to let, providing flexibility to suit a range of occupiers and investment requirements.

A particularly attractive feature is the vendor's willingness to consider a lease-to-purchase arrangement. This flexible approach may allow an incoming occupier to secure the premises immediately whilst working towards ownership, with a proportion of rental payments potentially being credited against the agreed purchase price. The purchase price and terms would be negotiated and agreed at the outset, providing clarity and certainty for both parties. Interested parties are encouraged to contact the office to discuss the available options in greater detail.

A further benefit is the absence of restrictive operating hours, allowing occupiers the flexibility to work later into the evening if required. Historically, the business chose to operate more limited hours out of consideration for neighbouring residents rather than because of any formal restriction.

The property's established trading history, generous external space, operational flexibility, and range of acquisition options combine to create a unique opportunity that is rarely available in the local market.

For further information, to arrange a viewing, or to discuss the sale, letting or lease-to-purchase options, please contact the office.

Services:
Mains electricity, water, and drainage.

Business Rates:
Rateable Value £16,750 (This is the rateable value for the property. It is not what you pay in business rates or rent. Your local council uses the rateable value to calculate the business rates bill.)
Estimated Rates Payable: Approximately £7,236 per annum (subject to any reliefs available and confirmation by the local authority).