South Street, Torrington, Devon, EX38
- PROPERTY TYPE
Restaurant
- SIZE
Ask agent
Key features
- For sale by online auction
- Town centre position
- Very large commercial property
- Ground floor area provides approximately 617 sq ft of space
- The premises are in need of work and modernisation throughout
- Internal viewing essential
- Planning consent granted for change of use to a sixbed HMO
Description
LOCATION
Opposite the Torrington branch of Webbers Estate Agents in the heart of the town, just a few yards from the Pannier Market and town hall the premises are well placed for passing trade.
Nearby is South Street car park, where the owner of this property may be able to apply for a residents’ parking permit through Torridge District Council. Availability and eligibility are subject to the council’s criteria.
Torrington is a vibrant market town set high above the River Torridge. Each year it hosts a well attended May Day celebration. The town lies approximately 11 miles from Barnstaple and around 7 miles from Bideford. It is also known for being the home of Dartington Crystal and for the nearby Rosemoor Gardens, both of which are major attractions in the area.
THE PREMISES
The property must be viewed internally to appreciate the size and extent of the accommodation, which is arranged over three floors.
The ground floor area provides approximately 617 sq ft of space.
To the rear of the property is a further retail area with a large kitchen.
The upper floors provide a lounge, kitchen/diner, 5 bedrooms (3 en-suite) with further bathroom and shower room.
The premises are in need of work and modernisation throughout.
Would be ideal for a variety of retail uses, subject to any necessary planning consent.
This property benefits from approved planning permission for a change of use to a six bed House of Multiple Occupation (HMO), under application reference 1/0144/2025/FUL.
SERVICES AND UTILITIES
All mains connected. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting
VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.
BUSINESS RATES
£7,600 UBR, as of April 2023, 47.9p in the £. (From April 2026 this amount will be £11,500). Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure. Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.
LEGAL ADVICE
We strongly recommend that a buyer takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.
PLANNING
It is the responsibility of the proposed buyer to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the buyer’s responsibility.
TRADITIONAL ONLINE AUCTION INFORMATION
Please note: this property is for sale by traditional online auction. This means that exchange will occur when the online timer reaches zero (provided the seller's reserve price has been met or exceeded). The winning buyer will be legally obliged to purchase the property at this price.
PRICING INFORMATION
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Webbers and Bamboo Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail. Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
BUYER’S PREMIUM & OTHER CHARGES
The winning buyer is charged a sum of £4,125 + VAT. This buyers fee is retained by Webbers/Bamboo Auctions as a contribution towards online platform costs. On completion the Buyer will pay the sum of £209 to the Seller’s solicitors in reimbursement of search fees.
SELLERS SOLICITORS
Alexandra Jenkins - Hek Jones Solicitors
2nd Floor, 14 Cathedral Road, Cardiff, CF11 9LJ Tel: Email:
GROUND FLOOR
RESTAURANT/RETAIL AREA
6.02m x 10.97m
FURTHER RESTAURANT/RETAIL AREA
11.3m x 4.8m
KITCHEN
5.46m x 4.57m
STAIRS TO FIRST FLOOR
HALF LANDING
BEDROOM ONE
4.83m x 4.8m
With en-suite bathroom.
BEDROOM TWO
4.45m x 3.78m
With en-suite.
FLYING FREEHOLD
There is a cupboard bridge over the alleyway below which formerly had access to the adjoining property which has now been blocked off, therefore creating a flying freehold.
BEDROOM THREE
3.6m x 4.45m
With en-suite.
FRONT LANDING
BEDROOM FOUR
2.44m x 3.73m
LOUNGE
3.96m x 3.5m
With en-suite.
STAIRS TO SECOND FLOOR
KITCHEN/DINER
5.97m x 2.97m
BEDROOM FIVE
3.73m x 3.1m
SHOWER ROOM
SERVICES
All mains connected.
VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.
VIEWING
Strictly by appointment through the selling agents.
RATEABLE VALUE
£7,600 UBR, as of April 2023, 47.9p in the £. (From April 2026 this amount will be £11,500). Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure. Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.
COUNCIL TAX BAND
A
Brochures
ParticularsSouth Street, Torrington, Devon, EX38
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Chapleton Station6.8 miles
Notes
Disclaimer - Property reference COM230078. 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 Webbers Property Services, Torrington. 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 Webbers Property Services, Torrington on 020 3893 2650.
*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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