Retail Property (high street) for sale

High Street, Crediton, Devon, EX17

Guide Price £375,000
3,300 sq. ft.

Property Description

Commercial information

  • Use class orders: A1 Shops, A3 Restaurants and Cafes and A5 Hot Food Take away

Key features

  • Freehold investment of 1,800 sq ft ground floor coffee shop with 1,500 sq ft of ancillary above over 2 floors
  • 10 year IRI lease (from Febuaray 2017) of entire building to a franchisee of Costa Coffee - Jurassic Coast Coffee - who are well established in Devon & Dorset
  • Passing rent of 25,000 per annum and no break clause
  • Open market rent reviews - upwards only every 5 years
  • Jurassic Coast Coffee are wholly owned by Premiere Coffee Ltd who are guaranteeing the lease
  • Premier Coffee Ltd posted accounts showing a turnover of 16.7M with post tax profits of 1.4m in 2015
  • High Street location in Crediton, which is a village close to Exeter in the South West of England.
  • The property is situated on the main High Street adjacent to other multiples such as Lloyds Bank, Tesco, Nat West and other independent traders.

Full description

Tenure: Freehold

Comprises a large mid terrace three storey period building with double fronted ground floor retail accommodation with rear storage/office and additional upper floors.

LOCATION: Situated on Crediton High Street, which forms part of the main arterial route through the town. Crediton is a Mid Devon market town with a population of circa 6,840 located approximately 8 miles from Exeter via the A377.

ACCOMMODATION: The property provides a total NIA of 214.53 sq. m (2,309 sq. ft) at ground
floor with an approximate total GIA of 324.52 sq.m (3,493 sq. ft) at first and second floors.

PLANNING: Planning assumed for existing uses and layout

TENURE: Freehold subject to existing tenancy

TENANCIES: The property is currently let to Jurassic Coast Coffee Ltd t/a Costa Coffee on an internal repairing lease expiring January 2027 at £25,000 pa subject to rent review in 2022.


Nearest stations

  • Crediton (0.7 mi)
  • Yeoford (3.1 mi)
  • Newton St. Cyres (3.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Athena Advisers Ltd, London

45 Holmead Road, London, SW6 2JD

020 3858 2727 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Crediton (0.7 mi)
  • Yeoford (3.1 mi)
  • Newton St. Cyres (3.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Athena Advisers Ltd, London

45 Holmead Road, London, SW6 2JD

020 3858 2727 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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