New Street, Honiton, Devon, EX14

INVESTMENT OPPORTUNITY - Two interconnecting retail units on the ground floor, currently trading as Clarks shoe shop with storage to the first and second floors as well as a self-contained flat, currently let. Prime location within New Street, just off the main High Street.

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4-6 New Street consist of two ground floor retail units currently interconnected. Each unit has store rooms to the rear with number 4 also having stairs rising to the first and second floors, ideal for storage, as well as office space and Kitchen/WC facilities on the second floor. Shop Lease is held on effectively full repairing lease and insuring terms. 4 years from 1st May 2023. Self-Contained Flat: Located above number 6. Currently let. Well-maintained accommodation comprising living room, kitchen, three bedrooms and bathroom. Also benefits from a roof garden at the rear. Total rent: £30,400 per annum VAT: The property is not registered for VAT.

Material Information:
Shop EPC: C Flat EPC: D Tenure: Two Freehold Titles. Mixed Use - commercial and residential. Commercial currently Leased on a 4 year lease from 1st May 2023. Residential currently let. East Devon District Council. Services & Heating: Mains electric, gas, water and drainage. Gas central heating. Parking: No parking. Nearby EDDC car parks in New Street & King Street where yearly permits can be purchased. Nearby restricted parking on the High Street.

Location:
Honiton is a historic Market town known for its Lace, Pottery and Antiques trade. The town centre has a variety of local and national shops, cafes and businesses with supermarkets and industrial estate on the outskirts of town. Located within a prime area of East Devon with road links to the A30 & A35 with the M5 accessible at Exeter, Cullompton & Taunton. Honiton train station has regular services to Exeter and London Waterloo. Exeter International Airport is just 13 miles away.

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