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Commercial Property Details

Under Offer
This listed building occupies a prominent corner site at the junction of East Street and St Lawrence Lane in the heart of the busy South Dartmoor town of Ashburton which attracts thousands of visitors each year and supports a wide local catchment area of outlying rural villages and communities. Ashburton lies just off the A38 Devon Expressway between Exeter and Plymouth and is readily accessible to the road network for Torbay, South Hams and the M5 and beyond. Local amenities and nearby businesses include Post Office, Fish Deli, Spar convenience store and numerous antiques and craft shops.

This is an opportunity to acquire the lease of two integral properties (8 East Street and Stafford House) held on a 20 year lease commencing from 25 December 2008. We understand that the lease is renewable and the current rent for the whole is £8,500 per annum. The lease is on a full repairing and insuring basis, with a tenant's break clause and rent review every five years. The property requires some maintenance and this has been allowed for in the marketing price. We also understand that the property may be sub-let in parts (either ground floor shop or upper floors residential). It currently house an antiques business and the owner is retiring so will be sold with vacant possession. The whole of the ground floor and the first floor is arranged as retail shop sales/display areas and there is a two bedroom flat on the upper floor. There is also the benefit of a courtyard/parking area at the rear of the building.
Ground Floor
Front Shop
21'6'' x 17' with window display to East Street. Stone fireplace with wood-burner. Access to inner hall with door to St Lawrence Lane and doors to
Room 1
15'6'' x 11'9'' Two windows. Radiator. Ceiling cornice. Original window shutters.
Room 2
15'8'' x 8'10'' Window and access to
10' x 7'6'' Stainless steel sink unit. Door to the courtyard.
First Floor
First Floor Room 1
15'8'' x 8'10'' Window and access to
First Floor Room 2
15'6'' x 10' Two windows. Radiator.
First Floor Room 3
15'8'' x 7'6'' Window. Wash basin.
First Floor Room 4
12'3'' x 7' Window
Second Floor
Living Room
15'8'' x 15' Two windows to front aspect. Fireplace with wood-burner. Wood floorboards.
12' x 7' Range of modern units and work tops. Built-in oven and hob. Access to roof space.
Bedroom 1
12'4'' x 9'9'' Two windows. Radiator. Period fireplace.
Bedroom 2
15'6'' x 12' Window.
Shower Room
Modern white suite. Tiled walls. Extractor.
Courtyard 18'10'' x 16'10'' with 9' wide opening from St Lawrence Lane allowing access for parking.
General Information
Business Rates (taken from the Valuation Office Agency website)
8 East Street - Shop and Premises - Rateable value £10,000
Stafford House - Council Tax band A


Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.