JD Commercial Property Directory

TOWN CENTRE RETAIL UNIT WITH EXTENSIVE OWNER’S ACCOMMODATION AND GARDEN

• 3 Bedroomed self contained maisonette
• Suitable for conversion to 2 residential parts, subject to PP
• Rear garden
• Same ownership for the last 28 years
• Town centre trading location
• Currently trading as a traditional sports and country wear shop
• Operated by husband and wife with no staff
• Services : Mains water, gas, drainage and electricity

LOCATION

South Molton is a small market town with a static population in the region of 3,600 but it does serve a large agricultural hinterland.  South Molton is located just off The North Devon Link Road connecting Tiverton and the M5 motorway at Junction 27 to Barnstaple, in the north, which is approximately 12 miles from South Molton.

On the outskirts of the Town there has been major construction at Pathfields Business Park where there are numerous factory and office developments, as well as the popular Mole Valley Farmers Supermarket.

THE SITUATION

The property is situated within East Street, just off the Town Square and close to the market car park.  There is an assortment of mixed retail, office and leisure users in the immediate vicinity including 4 major banks and the Post Office.

THE PROPERTY AND CONSTRUCTION

The main building of three storey construction under a pitched slate with front and rear rendered elevations, with the ground floor providing a single fronted shop unit with two trading areas totalling 533 sq.ft (50 sq.m) with an additional rear stock room.  There is a self contained side entrance to the owners’ accommodation which comprises of three bedrooms, kitchen and lounge / diner.  There is a secondary staircase to the owners’ accommodation making it possible to divide the upper floors into two residential units, subject to the necessary planning permissions.  To the rear of the property is a garden area predominately laid to lawn.

THE PROPOSAL

Our clients are inviting offers for the freehold interest, with the business available by seperate negotiation if desired.

THE BUSINESS

The business was established 38 years ago and has been run by the present owners for 28 years as a husband and wife operation, with no staff currently employed.  Trading as a traditional sports shop main lines include trainers, boots, sporting equipment as well as country wear and fishing goods.  Last year providing a turnover of just under £85,000, from 6 days trading per week, with no website or internet sales undertaken, which is an area new owners could expand.  The business was previously traded as “The Gun Room” and “Sports Centre” which could be reinstated should new owner’s desire.

THE STOCK

Any current stock to be purchased at valuation upon completion.

THE INVENTORY

The property is sold with an inventory of trade fixtures, fittings and equipment.

THE ACCOMMODATION (comprises)

GROUND FLOOR

SINGLE FRONTED SHOP UNIT
19`4 x 15`2 (5.90 m x 4.60 m) Counter servery, till, assorted shelving, racking and displays

ADJOINING RETAIL AREA
16`8 x 14`5 (5.10 m x 4.40 m) Changing room, shoe display

STOCKROOM
With assorted racking and shelving

SIDE CORRIDOR
Street level access to provide self contained entrance to the owners’ accommodation

STORE
19`7 x 9`3 (5.95 m x 2.80 m) Secondary staircase to first floor, toilet, access to garden

FIRST FLOOR

KITCHEN
Eye and base units, vinyl floor, stainless steel single drainer sink, electric oven, gas hob, radiator heating

LOUNGE
22`8 x 19`4 (6.90 m 5.90 m) Gas fire, Velux window

LANDING with radiator heating

BEDROOM 1
18`4 x 15`7 (5.60 m x 4.75 m) Carpet, gas fire

BEDROOM 2
13`3 x 12`2 (4.05 m x 3.70 m) Carpet, radiator heating, wardrobe

SECOND FLOOR

BEDROOM 3
18`4 x 11`2 (5.60 m x 3.40 m) Radiator heating, wardrobe, carpet

BATHROOM
4 piece bathroom with bath, separate freestanding shower cubicle, low level w.c., wash hand basin, airing cupboard

TOILET
Low level w.c.

OUTSIDE

To the rear of the property is a walled garden which is predominantly laid to lawn.

Commercial Funding

Having been in the trade for many years we have established good connections in the finance sector.  Our association with these Banks and Commercial Brokers mean that we are able to offer you introductions to competitive finance packages, for a new purchase or refinance purposes alike.  Whether it is initial advice on your likely purchase level or if you are at the point of making an offer, you will often be able to achieve preferential rates, possibly saving you thousands of pounds.  Please call for more information.

IMPORTANT NOTICE
JD Commercial for themselves, and for the Vendors of this property whose Agents they are, give notice that:
1.  The Particulars are set out in general outline only for the guidance of intending purchasers and do not constitute part of an offer or contract.  Prospective purchasers should seek their own professional advice.
2.  All descriptions, dimensions and areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them.
3.  No person in the employment of JD Commercial has any authority to make or give any representation or warranty whatever in relation to this property or these particulars nor to enter into any contract relating to the property on behalf of JD Commercial, nor into any contract on behalf of the Vendors.
4.  No responsibility can be accepted for any expenses incurred by any intending purchaser in inspecting properties which have been sold, let or withdrawn.

PROPERTY MISDESCRIPTIONS ACT 1993
1.  All measurements are approximate.
2. While we endeavour to make our sales particulars accurate and reliable, if there is any point which is of particular importance to you, please contact JD Commercial and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property.
3. We do our utmost to comply with this Act in full.  However we are also trying to represent our clients’ properties in their high possible light, as such we may use summer photographs to promote some properties.

VIEWING
By strict appointment through the selling Agents, JD Commercial, 42 Ridgeway Drive, Bideford, North Devon. EX39 1TW
TEL: (01237) 424053 / 07868 846357 E-MAIL: sales@jd-commercial.co.uk