Situated in the middle of Croyde in a great trading location, in a prominent position on the road and next door to other local traders, the shop provides a spacious trading area with changing rooms and rear storage. The flat has its own entrance (to the rear) with large open plan dining, lounge and kitchen area. Two bedrooms on the first floor with family bathroom. In the attic space is a further bedroom, living area and roof storage.
The shop is run as a surf shop business selling boards, clothing, wet suits, accessories and surfboards. There is also a hire side to the business. The owner has traded successfully in this location for a number of years.
The ground floor flat provides a good sized living room, double bedroom, family bathroom and kitchen diner with rear access to the yard. The flat is in good order. The second floor provides a two bedroom flat with good sized lounge and a small roof terrace. The property has the benefit of a garage.
The current tenants pays rent of £450 per calendar month for the ground floor and £650 per calendar month for the first floor.
The property is fully let providing a current income of £17,160.00 with an increase to £17,700.00 imminently. There are potential new increase to be good with further refurbishment. The landlord has continually maintained the property and is all up to date with fire regulations.
The building is of traditional construction for its period with rendered masonry elevations supporting a pitched natural slate covered main roof. Rear sections of the building could not be seen externally but are believed to be in fairly poor condition.
The property is part let to Ladbrokes PLC and offers scope to provide residential accommodation at upper level.
The current owners have run this convenience store business successfully for a number of years. They are now looking to retire. The business is successful, turning over approximately £450,000. Open 7 days a week 8.30am - 8.00pm in the winter and later in the summer. They employ 1 full time and 3 part-time workers. Stock at value.
The property is broken up into various rooms, with Workshop room on the ground floor and single W.C, Upstairs is the old sail loft, used as a workshop with office and old showroom. The property is in need of some repair.
The ground floor retail area is a lock up shop providing 318 sq ft. The apartment on the first and second floors provides a separate rear entrance leading into a spacious two bedroom flat with lounge, bathroom, kitchen and dining room. Gas central heating and fully double glazed. Recently re-carpeted and re-decorated. Current income £9800 per annum
North Devon Commercial Property
JOHN SMALE & CO is one of the longest established commercial property estate agents in North Devon, founded c1900, which continues the legacy of providing a first class commercial property service.
North Devon's beauty, infrastructure, and abundant natural energy and inspiration provide many of the necessary ingredients for you to run a successful business in the area. Our Managing Director, David Edwards (BSc MRICS FNAEA MARLA), will be helping you find and purchase your commercial property in North Devon. David hasn't been dealing with commercial property since c1900, but it's been a while! Draw on David's extensive local property knowledge, and love of North Devon, to help you make a sound commercial property decision.
David, and members of our staff, are also experienced commercial property valuers in the North Devon commercial property market. We deal with commercial property sales and rentals throughout North Devon - Barnstaple, Bideford, Ilfracombe, Combe Martin, Braunton, Croyde, Georgeham, Woolacombe, Lynton and Lynmouth - commercial property, large or small, wherever it may be in North Devon, we are here to help.