Guide Price* : £200,000 - £220,000

On the instruction of the Trustees

Situated in the heart of Tiverton town centre with nearby national retailers including Argos, Superdrug and Holland & Barrett, this four storey terraced property is currently arranged as a substantial commercial unit (most recently occupied by HSBC) and a good sized two-bedroom maisonette.

The property requires a programme of refurbishment, including repair works to the party wall, while Planning Consent has been approved for conversion of the existing building into two commercial units at ground floor level with four one-bedroom flats above and a detached two storey townhouse to rear. In addition the approval allows for the construction of a single storey terrace in order to create three one-bedroom dwellings with communal garden.

Set in the Devon countryside and conveniently located for the M5 motorway Tiverton is steeped in history and character with local attractions including Tiverton Castle and the nearby Knightshayes Court. Local amenities include Tiverton Pannier Market, Blundells Independent School, Exe Valley Leisure Centre and Tiverton Golf Club.

Existing Accommodation
Commercial - 29-31 Fore Street - Ground Floor
Customer area, cashier counters, meeting room (no windows), meeting room (internal windows only), office, inner hallway, boiler room, gas meter room, office, store room, strong room (door removed) and separate ladies and gents cloakrooms with W.C.s.

First Floor
Staff room with kitchenette, landing, store room, conference room, additional room and cloakroom with W.C.

Second Floor
Split level landing, office with store cupboard, office and further room.

Third Floor
Landing and two rooms.

Outside
Substantial area of hardstanding to rear providing off-road parking for multiple vehicles with access via Phoenix Lane.

Maisonette
31A Fore Street - Ground Floor
Separate access point via Fore Street.

First Floor
Living room.

Second Floor
Kitchen, two bedrooms, bathroom (no W.C.) and cloakroom with W.C.

Third Floor
Two interconnecting store rooms.

Council Tax Band A

EPC Information
The EPC states the total floor area for the commercial unit to be 413 sq.m. (Energy Performance Rating D - 93) while the EPC states the total floor area for the maisonette to be 98 sq.m. (Energy Performance Rating F - 22).

Planning
Planning Permission has been granted by Mid Devon District Council under reference 21/01796/FULL, dated 25th March 2022, for the conversion of bank to two commercial units with four flats over, conversion of rear building to dwelling and construction of three new dwellings, subject to conditions.

A copy of the Planning Consent and accompanying documents, including existing and proposed floor plans, may be downloaded from the Local Planning Authority website, middevon.gov.uk. Tel: 01884 255255.

Site Measurements
The site extends to approximately 0.09 hectares (0.24 acres).

Proposed Accommodation
Ground Floor - 29 Fore Street
Retail space, rear hallway and cloakroom with W.C.

31 Fore Street
Retail space, rear hallway, staff room and cloakroom with W.C.

First Floor
Each of the two flats above the commercial units will comprise: entrance hall, open-plan living/dining/kitchen space and bedroom with en-suite bathroom/W.C.

Second Floor
Each of the two flats at second floor level will comprise: entrance hall, open-plan living/dining/kitchen space and bedroom with en-suite bathroom/W.C.

Third Floor
Collection of store rooms.

Two Storey Townhouse
Ground Floor
Entrance hall, open-plan living/dining/kitchen space and cloakroom with W.C.

First Floor
Small landing and bedroom with en-suite bathroom/W.C.

Terrace of Three Units to Rear
Each single storey dwelling will comprise; entrance hall, open-plan living/dining/kitchen space and bedroom with en-suite wet room.

Outside
Hardstanding vehicular access with turning area for delivery vehicles. Communal garden and shed/scooter store.

Auctioneer’s Note
For information relating to the commercial rateable value and other available data go to gov.uk/correct-your-business-rates and enter the postcode for the property into the appropriate search field.

Freehold with Vacant Possession