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.
All of the bedrooms are larger than the average bed and breakfast, decorated to a high contemporary specification, and six have their own en-suite bathrooms. Luxury rooms are particularly spacious, have space for Superking sized double beds and benefit from large en-suites, with both a full size bath as well as high power shower, heated towel radiator, washbasin and wc. The other rooms are finished and decorated to the same high standard, are still larger than average, and have space for Kingsize double beds. En-suites have high power showers, heated towel radiator, washbasin and wc.The principal living rooms are equally of a high standard, with a gorgeous lounge, spacious dining room and generous south facing conservatory. The ground floor also offers a fully fitted kitchen, utility area and boiler room. As current business owners can live comfortably on site, with a separate living areas, along with bedroom and ensuite facilities. The top floor offers three bedrooms, lounge, open plan kitchen, separate shower room and three bedrooms, offering a spacious self-contained floor. Due to size and layout of the property, it may also suit families looking for dual occupancy or possibly other business use, subject to the necessary planning consents. The property currently has planning for Residential or Commercial use, and has the benefit of being sold with no onward chain.
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 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 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 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.
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.