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High Street, Crediton, EX17

South West

£285,000

Listed on 26/10/2024

The listing

Property details

Bedrooms
N/A
Type
Not Specified

Description

This mid-terraced commercial property, steeped in the character of its 1800s origins, is located on the bustling High Street of Crediton. While currently home to a Costa franchise with a lease in place until 2027, the building presents significant renovation opportunities, particularly for the upper floors utilized predominantly for storage. The structure boasts traditional brick elevations that have been rendered and painted, alongside timber-framed mock sash windows enhancing its historic charm. A two-storey extension to the rear provides additional space beneath a flat felt roof. The ground floor features an expansive retail area equipped with full-height glass display windows and a functional layout suitable for various business ventures. Although the current fit-out caters to the existing tenant's requirements, transforming this space could increase its appeal. The first floor and beyond require attention; much of it is vacant and outdated, with limited headroom necessitating refurbishment for alternative uses beyond storage. The property's compact outdoor area adds value but lacks dedicated parking. Situated in a vibrant market town known for its artisan shops and community spirit, this property offers an exciting investment potential for those willing to implement their vision and enhance its functionality while preserving its unique character.

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Location

High Street, Crediton, EX17
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Finance

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Illustrative repayments based on the asking price, not a mortgage offer.

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Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,077
Based on a loan of £213,750 over 30 years at 4.45% interest

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