FREEHOLD FOR SALE

The property is of traditional masonry construction with stone detailing under a pitched roof. The property comprises a Lloyds retail branch arranged over basement and ground floors. The upper floors are accessed by a separate raised entrance at the side of the property. The upper floors comprise a four bedroom flat. The flat benefits from a well-kept walled garden to the rear. Price Guide price of £220,000 with unconditional offers invited for the freehold interest. The residential accommodation is currently held under an existing Assured Shorthold Tenancy at a rent of £425 per calendar month. Legals Each party to bear their own legal costs. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £8,700 and the rates payable are £4,167 pa. The UBR for 2017/2018 is 47.9p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

Lynton is a small town situated on the Exmoor coast, Devon, England. The property fronts onto Lee Road the main thoroughfare within Lynton. Occupiers include a good mix of retailers, restaurants and cafes. The town is busy throughout the year with tourists from the UK and overseas. Barnstaple is North Devon's regional centre and is approximately 18 miles away, nearby are the villages of Parracombe, Simonsbath and across the moor is Porlock.
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Sizes and Measurements

Total Size

1,570sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Status

Under offer

Available from

Now

Ground Floor

Details

Non-Sales

Size

1,266sqft

Status

Under offer

Available from

Immediately

Basement

Details

Non-Sales

Size

304sqft

Status

Under offer

Available from

Immediately

Lease Information & Charges

Lease type

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For sale

£220,000

UBR

47.9p

Ratable Value

£8,700.00

Business Rates

£4,167.30/pa

Specification

  • Freehold for sale
  • Popular tourist destination
  • Busy trading pitch
  • Existing income – derived from residential accommodation

Floorplan

Photos

20170320_123955

Map Data
Map data ©2018 Google
Map DataMap data ©2018 Google
Map data ©2018 Google
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