24/26 Fore Street Tiverton Devon EX16 6LH

24/26 Fore Street
Tiverton
Devon
EX16 6LH

Freehold Retail and Residential Investment

  • Entirely let to The Edinburgh Woollen Mill Limited
  • Located on Tiverton’s prime pedestrianised retailing thoroughfare
  • Nearby occupiers include Boots, NatWest, Barclays and Carphone Warehouse
  • Lot
    49
  • Auction
    11th December 2014
  • Rent
    £43,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On Behalf of Receivers
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail and Residential Investment

  • Entirely let to The Edinburgh Woollen Mill Limited
  • Located on Tiverton’s prime pedestrianised retailing thoroughfare
  • Nearby occupiers include Boots, NatWest, Barclays and Carphone Warehouse
  • Lot 49
  • Auction 11th December 2014
  • Rent
  • Status Withdrawn Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On Behalf of Receivers

Property Information

Location
Miles
15 miles north of Exeter 20 miles south-west of Taunton
Roads
A396, A361, M5 (Junction 27)
Rail
Tiverton Parkway Railway Station
Air
Exeter Airport
Situation

The property is situated in Tiverton town centre on the northern side of the pedestrianised Fore Street, the main retailing thoroughfare. Nearby occupiers include Boots, NatWest, Barclays and Carphone Warehouse.

Tenure

Freehold.

Location
Miles
15 miles north of Exeter 20 miles south-west of Taunton
Roads
A396, A361, M5 (Junction 27)
Rail
Tiverton Parkway Railway Station
Air
Exeter Airport
Situation

The property is situated in Tiverton town centre on the northern side of the pedestrianised Fore Street, the main retailing thoroughfare. Nearby occupiers include Boots, NatWest, Barclays and Carphone Warehouse.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with first floor ancillary accommodation, a self-contained residential flat on the second floor and the third floor is built within the roof void providing attic space. The property benefits from a single storey extension and staff car parking.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit with first floor ancillary accommodation, a self-contained residential flat on the second floor and the third floor is built within the roof void providing attic space. The property benefits from a single storey extension and staff car parking.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Ground
First
Second
Third
Retail
Ancillary
Residential (3)
Attic
185.30 sq m
74.30 sq m
Not measured
(1,995 sq ft)
(800 sq ft)
THE EDINBURGH
WOOLLEN MILL
LIMITED (1
)
20 years from 24/01/1998
until 22/01/2018 on a full
repairing and insuring lease
£43,000 21/01/2013
(2)
Total Commercial Floor Area
259.60 sq m
(2,795 sq ft)
    £43,000

(1) For the year ending 2nd March 2013, The Edinburgh Woollen Mill Limited reported a turnover of £169,713,000, pre-tax profits of £23,130,000 and a total net worth of £187,301,000. (Source: www.riskdisk.com 12/11/2014)
(2)The 2013 rent review is outstanding.
(3)We understand that the residential flat is not currently occupied.

Property Documents

  • Site Plan
    Updated Date
    18.11.14
    File Size
    74 KB
    View PDF
  • Catalogue Page
    Updated Date
    18.11.14
    File Size
    476 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Henry WilkinsonHenry Wilkinson +44 (0)20 7034 4861 Henry.wilkinson@acuitus.co.uk
Seller's Solicitors
DWF LLP 1 Scott Place, 2 Hardman Street
Manchester
M3 3AA
Rachel Smith 0161 838 0250rachel.smith@dwf.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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