Co-Op Convenience Store & Car Park, Lyme Street, Axminster, Devon, EX13 5AT
£270.00 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
5,000-5,500 sq ft
465-511 sq m
- SECTOR
Convenience store for sale
Key features
- FOR SALE BY AUCTION 11TH DECEMBER 2025
- Majority let to Co-Operative Group Food Limited
- New 15 year lease from September 2025 - no breaks
- 5 yearly CPI linked rent reviews - capped and collared at 1% - 3% per annum / 5% - 15% increase each review.
- Includes on site parking for 14 cars
- Includes new vacant independent first floor Class E Unit - 59.4 sq m (639 sq ft.). Possible residential use, subject to consents
- Rental income £85,000 per Annum Exclusive. Plus new vacant independent first floor Class E Unit of 59.45 sq m (639 sq ft)
Description
The property is situated in a mixed commercial and residential area right in the heart of Axminster's town centre with its array of shopping facilities and amenities. The building sits prominently at the junction of Lyme Street, South Street and George Street.
Tenure
Freehold.
Description
The property comprises a newly refurbished and extended Co-Op convenience store arranged on the entire ground floor and the vast majority of the first floor with lift and stairs. The balance of the first floor comprises a vacant south-facing completely independent Class E Unit (59.4 sq m (639 sq ft.)). with staircase and balcony, having possible residential use, subject to consents. The property also benefits from car parking for 14 spaces.
VAT
VAT is applicable to this lot.
EPC
The Convenience Store and the Independent Class E Unit are both Band A.
For further information, to register your interest in this property and download the legal pack, please visit the Acuitus website.
Brochures
Co-Op Convenience Store & Car Park, Lyme Street, Axminster, Devon, EX13 5AT
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Axminster Station0.9 miles
Notes
Disclaimer - Property reference A12973-LOT7-AXMINSTER. 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 Acuitus Limited, Acuitus. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Acuitus Limited, Acuitus on 020 7870 2773.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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