High Street, Sidmouth Offers in the Region Of £1,100,000

The property is situated towards the top of the High Street, with nearby retailers including a Co-op supermarket and Factory Outlet store. The two self-contained flats are well presented and both having the benefit of modern fully equipped kitchens and bathrooms. Sidmouth has a population of around 14,000 and benefits from all year round trade together with an influx of tourists in the summer season. The town has a good mix of national chains and local independent retailers.

TESCOS EXPRESS SHOP Retail area 229 sq. meters approximately. Modern shop front with ATM. Managers office. Kitchenette. Two WCs STORAGE 78 sq. meters approximately.

FLAT 132A Hall, Living Room, Well Fitted Kitchen, Two Double Bedrooms, Bathroom/WC.

FLAT 132B FIRST FLOOR Double Bedroom with En Suite Shower Room/WC. SECOND FLOOR Hall, Living Room/Kitchen, Two Further Double Bedrooms, Bathroom/WC.

TESCO’S EXPRESS 10 year lease from August 2021 on effective full repairing terms. Current rent £40,000 per annum. Rent review January 2026. Tenants break clause January 2026 on six months notice. FLAT – 132A Vacant FLAT 132B Let on a six month tenancy. The flats have until recently been holiday lets, producing circa £24,000 per annum net. The rental value of the flats on AST’s is approximately £850 per calendar month each (£20,000 PA Gross).

TESCOS - B FLAT 132A – D FLAT 132B - D

Strictly by appointment with the agents.

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