Guide price
£170,000
Retail premises for saleEast Street, Sidmouth EX10
1 bath
1 reception
EPC Rating: E
Freehold
About this property
Town Centre Shop Premises
Freehold
6.5% yeild from March 2026
Tenant in situ until March 2028
This ground floor premises, occupies a supremely convenient position moments from Sidmouth High Street and is being offered for sale with the current tenant (Flutterby's) in situ. The tenant, who runs a successful independent business from the premises has a lease agreement in place to remain until March 2028. Under the terms of the lease, the tenant retains the automatic right to renew.
The premises is presently let at £10,920 however, the rent is set to increase to £11,700 from March 2026 which will present a return of 6.5% per annum.
The purchase also includes the freehold of The Gables, East Street which is held on a 999 year lease from May 2002.
Building frontage 5m approx. Building depth 9.4m approx. Retail area 33sq m (355 sq ft) approx.
Planning: We are advised the shop premises benefits from planning consent A1 (Retail)
Outgoings: Buildings Insurance /Common areas maintenance share at 25% - The Gables share 75%
Ratable Value: £9700 (April 2023 - Present) As a result, this premises benefits from business rate relief.
The premises is presently let at £10,920 however, the rent is set to increase to £11,700 from March 2026 which will present a return of 6.5% per annum.
The purchase also includes the freehold of The Gables, East Street which is held on a 999 year lease from May 2002.
Building frontage 5m approx. Building depth 9.4m approx. Retail area 33sq m (355 sq ft) approx.
Planning: We are advised the shop premises benefits from planning consent A1 (Retail)
Outgoings: Buildings Insurance /Common areas maintenance share at 25% - The Gables share 75%
Ratable Value: £9700 (April 2023 - Present) As a result, this premises benefits from business rate relief.
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