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COMMERCIALSOLD STC

Former Lloyds Bank, South Molton

Guide Price
£325,000
Michael Adey Property, South Molton
PROPERTY TYPE

Commercial Development

SIZE

4,456 sq ft

414 sq m

Key features

  • Investment Opportunity
  • 3 Apartments & retail unit
  • Garden & Parking

Description

A superb development opportunity for conversion/renovation - Former Lloyds Bank, East Street, South Molton.

Multiple options, including possible title split or rental accommodation.

Planning consent granted in July 2025 for the conversion of the former bank to a retail unit & 2 residential flats together with retention and refurbishment of 1 flat, as follows:-

- Ground floor 2 bedroomed apartment with 1 parking space and use of the communal garden extending to about 106 m2 (742 ft2)

- First floor front facing 2/3 bedroomed apartment also with 1 parking space and communal gardens, with the accommodation extending to 94 m2 (1,011 ft2)

- First and second floor rear facing 3/4 bedroomed duplex/maisonette, with parking and communal garden with the accommodation extending to about 145 m2 (1,560 ft 2)

- The ground floor commercial/retail unit extends to about 106 m2 (1,140 ft 2)

Projected total rental income circa £40,000-£42,000 per annum on a residential letting basis including the commercial unit.

Available with no onward chain.

Services

We understand that mains water and electricity is connected to the property.

Current Rateable Value (Bank & Premises) £13,250 per annum. This would be assessed based on ground floor only if the apartments are to be used residentially.

Planning information:-


Tenure: Freehold

Brochures

Brochure

Former Lloyds Bank, South Molton

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • King's Nympton Station6.5 miles

About Michael Adey Property, South Molton

106 East Street, South Molton, EX36 3DB
Industry affiliations:Industry affiliation logo 0

Welcome to Michael Adey Property - Award Winning Estate Agent based in North Devon

Are you looking to sell, buy or rent property in North Devon, West Somerset or Exmoor National Park? If so, we can help.

We have a combined 80 years' experience helping clients to sell and find homes in the towns and villages, the coastal and rural communities of this wonderful part of the world, in which I have lived my whole life.

So whether you are moving home, relocating, investing or looking to buy a second property, we can support you with specialist knowledge and advice on this area's residential property market – from its flats and houses through to unique homes, land, smallholdings and farms.

Michael Adey Property brings a fresh, dynamic concept to property agency, allying modern marketing methods to the traditional values of expert local knowledge and experience, so you can maximise the value of your property. Let us showcase your property at its best and help you find your future home.

Our office is located in the historic and convenient market town of South Molton. Feel free to look around our modern website, contact us directly if you would like a chat or request a free, no obligation valuation. Click Here and follow our Facebook Page to see property coming soon before they hit the market place or start searching for property here.

In 2025 we have expanded, acquiring both Exmoor Property Letting and Exmoor Property in Lynton to grow our services with a new office providing wider coverage for North Devon. For more property on the North Coast and Exmoor visit Exmoorproperty.com

Notes

These notes are private, only you can see them.

Disclaimer - Property reference CS0016. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Michael Adey Property, South Molton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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