Guide price
£325,000
Land for saleFormer Lloyds Bank, South Molton EX36
9 beds
4 receptions
Available immediately
Chain free
Freehold
About this property
Investment Opportunity
3 Apartments & retail unit
Parking & Garden
Description
A superb development opportunity for conversion/renovation - Former Lloyds Bank, East Street, South Molton.
Multiple options, including possible title split or rental accommodation.
Planning consent granted in July 2025 for the conversion of the former bank to a retail unit & 2 residential flats together with retention and refurbishment of 1 flat, as follows:-
- Ground floor 2 bedroomed apartment with 1 parking space and use of the communal garden extending to about 106 m2 (742 ft2)
- First floor front facing 2/3 bedroomed apartment also with 1 parking space and communal gardens, with the accommodation extending to 94 m2 (1,011 ft2)
- First and second floor rear facing 3/4 bedroomed duplex/maisonette, with parking and communal garden with the accommodation extending to about 145 m2 (1,560 ft 2)
- The ground floor commercial/retail unit extends to about 106 m2 (1,140 ft 2)
Projected total rental income circa £40,000-£42,000 per annum on a residential letting basis including the commercial unit.
Available with no onward chain.
Services
We understand that mains water and electricity is connected to the property.
Current Rateable Value (Bank & Premises) £13,250 per annum. This would be assessed based on ground floor only if the apartments are to be used residentially.
Planning information:-
Tenure: Freehold
A superb development opportunity for conversion/renovation - Former Lloyds Bank, East Street, South Molton.
Multiple options, including possible title split or rental accommodation.
Planning consent granted in July 2025 for the conversion of the former bank to a retail unit & 2 residential flats together with retention and refurbishment of 1 flat, as follows:-
- Ground floor 2 bedroomed apartment with 1 parking space and use of the communal garden extending to about 106 m2 (742 ft2)
- First floor front facing 2/3 bedroomed apartment also with 1 parking space and communal gardens, with the accommodation extending to 94 m2 (1,011 ft2)
- First and second floor rear facing 3/4 bedroomed duplex/maisonette, with parking and communal garden with the accommodation extending to about 145 m2 (1,560 ft 2)
- The ground floor commercial/retail unit extends to about 106 m2 (1,140 ft 2)
Projected total rental income circa £40,000-£42,000 per annum on a residential letting basis including the commercial unit.
Available with no onward chain.
Services
We understand that mains water and electricity is connected to the property.
Current Rateable Value (Bank & Premises) £13,250 per annum. This would be assessed based on ground floor only if the apartments are to be used residentially.
Planning information:-
Tenure: Freehold
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