40–42 Fore Street, Tiverton, Devon, EX16 6LD
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- Freehold Shop Investment
- Well located on Fore Street on an established trading location
- Entirely let to Devon Air Ambulance expiring 2035(1)
- Arranged over 2,209 sq ft
- Investment let at £22,000 p.a. (8.97% GIY on Guide Price)
Description
StrapLine
Auction Sale - 14/07/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteFreehold Shop Investment – Prime Fore Street Location | Let to Devon Air Ambulance to 2035 | 2,209 sq ft
Description
The property is arranged over ground and one upper floor to provide a ground floor shop with ancillary office accommodation above.
Location
Prominently located on Fore Street, Tiverton’s principal retailing pitch within the pedestrianised town centre, the property benefits from strong footfall and nearby occupiers including Argos, Superdrug and Card Factory.
Tiverton is an attractive Mid Devon market town approximately 14 miles north of Exeter, with good road access to the A361 and M5 (J27), and rail services to London Paddington from Tiverton Parkway.
Transport
Road: The property benefits from access to the A361, which connects directly to Junction 27 of the M5 motorway approximately 6 miles to the east.
Rail: Tiverton Parkway railway station is located approximately 6 miles away, providing regular direct services to London Paddington, Exeter and Bristol.
Bus: Numerous bus routes operate from nearby Fore Street and the town’s main bus station, both within a short walking distance.
Tenancy
Let to Devon Air Ambulance Trust on an effective full repairing and insuring(FRI) lease by way of a schedule of condition for a term of 10 years from February 2025 at £22,000 per annum.
(1)The lease provides for a tenant break option at the 5th anniversary.
Accommodation
Ground Floor - 162.1 sq m (1,745 sq ft)
First Floor - 43.1 sq m (464 sq ft)
Total - 205.2 sq m (2,209 sq ft)
40–42 Fore Street, Tiverton, Devon, EX16 6LD
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Tiverton Parkway Station5.6 miles
Notes
Disclaimer - Property reference 226-23380. 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 Savills Auctions, London. 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 Savills Auctions, London on 020 3909 6715.
*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.”