Sugar

Topsham | Exeter

Guide Price £550,000

Terraced | 2

Sold STC

Accommodation Summary

Retail and residential opportunity
Spacious retail until divided into 3 areas with kitchen and cellar
Spacious apartment with circa 1600 sq ft of accommodation (currently let out)
Rear courtyard
Informal use of a parking space
No onward chain

Directions

From the WG Topsham office, turn right and walk along Fore Street. The property is on the right hand side.

Situation

Topsham remains a highly desirable estuary town of nationwide renown. Its excellent amenities include individual shops, restaurants and a well-regarded Primary school, along with churches and Topsham’s popular open-air swimming pool, rugby club, bowls club and sailing club.
The Estuary League of Friends Community Hub is located nearby, with facilities including a Post Office, café, library, laundry, treatment rooms and various social clubs.
There is a frequent bus service and a very useful train link to Exeter City centre which is just 4 miles away and Exmouth which is around 6.5 miles away. Exeter Golf & Country Club is less than two miles distant.
The popular ‘Route 2’ bike path is a level, 16 mile route between Exmouth and Dawlish on the other side of the Exe Estuary.

Description

Located in the heart of Topsham, an excellent opportunity to purchase an attractive Grade II Listed property divided into a spacious commercial property on the ground floor and a two storey apartment on the first and second floors. The shop comprises of three adjoining retails areas, a kitchen to the rear and a separate WC. There is also a staircase leading to a cellar. At the rear is a courtyard area with an external staircase giving access to the apartment, and to the side a parking space, not owned but used informally by the current owners of Number 62.
Measuring c.1600 sq ft, the apartment offers spacious living accommodation throughout including a generous living/dining/snug area on the upper floor. The first floor provides kitchen/breakfast room, bathroom, two halls with storage and two generous bedrooms with feature fireplaces and views of St. Nicholas Methodist Church. There are period features throughout including exposed beams, brickwork, and exposed floorboards. The property is located in a prime location within the town with easy access to the shops, restaurants and cafes of Topsham, c.150m to the waterfront and approximately half a mile to the train station.

GROUND FLOOR

RETAIL SPACE THREE SHOP AREAS with wooden flooring, feature fireplaces, double doors to Topsham High Street, door to small walk-in STORE ROOM & WC, further door to KITCHEN and stairs to BASEMENT.
Gas central heating.

FIRST FLOOR FLAT

HALLWAY8'2" x 3'7" (2.5m x 1.1m). Store cupboard.

KITCHEN12'2" (3.7m) x 11'10" (3.6m) (at widest). View of St. Margaret's church. A range of wall and base cupboards, radiator, sink and taps, space for cooker, washing machine and fridge freezer.

BATHROOM11'10" x 5'11" (3.6m x 1.8m). Hand wash basin vanity unit, WC, bath with shower over and tiled spashback, radiator.

BEDROOM 115'5" x 13'5" (4.7m x 4.1m). Feature fireplace, two built-in cupboards, radiator and views of St. Nicholas Methodist Church.

BEDROOM 214'9" x 11'2" (4.5m x 3.4m). Feature fireplace, exposed floor boards, two built-in cupboards and view of St. Nicholas Methodist Church.

HALL11'2" x 6'7" (3.4m x 2m). Space for hall table and storage.

SITTING ROOM/DINING ROOM24'7" x 12'2" (7.5m x 3.7m). Exposed beams and brickwork, radiator and eaves storage.

SNUG17'9" x 10'2" (5.4m x 3.1m). Exposed beams and floor boards, radiator and view of St. Margaret's church.

COURTYARD Patio. Door to rear of shop and steps up to the flat.

PARKING SPACE Informal use of a parking space.

AGENT'S NOTES: The Vendors' Solicitor has advised us there is a Right to pass over the forecourt (with or without a vehicle) and also a Right to park (a small car) by the rear gate.

LETTINGS NOTE: We estimate that the shop space would rent for c. £16,000 per annum. Wilkinson Grant Lettings Department would consider the rental value of the flat to be in the region of £900 per calendar month.
Combined, this should give you a gross yield of approximately 4.8%.
For further information on this or any property letting or management matters, please contact a member of our Lettings Department on 01392 455920 and they will be only too happy to assist with your enquiry.

SUMMARY

A RARE OPPORTUNITY to purchase a mixed RESIDENTIAL and COMMERCIAL Grade II Listed property located in the heart of Topsham, providing an EXCELLENT INVESTMENT OPPORTUNITY of retail space with living accommodation above, with the USE OF A PARKING SPACE. NO ONWARD CHAIN.... Read more

Accommodation Summary

Retail and residential opportunity
Spacious retail until divided into 3 areas with kitchen and cellar
Spacious apartment with circa 1600 sq ft of accommodation (currently let out)
Rear courtyard
Informal use of a parking space
No onward chain

Directions

From the WG Topsham office, turn right and walk along Fore Street. The property is on the right hand side.

Situation

Topsham remains a highly desirable estuary town of nationwide renown. Its excellent amenities include individual shops, restaurants and a well-regarded Primary school, along with churches and Topsham’s popular open-air swimming pool, rugby club, bowls club and sailing club.
The Estuary League of Friends Community Hub is located nearby, with facilities including a Post Office, café, library, laundry, treatment rooms and various social clubs.
There is a frequent bus service and a very useful train link to Exeter City centre which is just 4 miles away and Exmouth which is around 6.5 miles away. Exeter Golf & Country Club is less than two miles distant.
The popular ‘Route 2’ bike path is a level, 16 mile route between Exmouth and Dawlish on the other side of the Exe Estuary.

Description

Located in the heart of Topsham, an excellent opportunity to purchase an attractive Grade II Listed property divided into a spacious commercial property on the ground floor and a two storey apartment on the first and second floors. The shop comprises of three adjoining retails areas, a kitchen to the rear and a separate WC. There is also a staircase leading to a cellar. At the rear is a courtyard area with an external staircase giving access to the apartment, and to the side a parking space, not owned but used informally by the current owners of Number 62.
Measuring c.1600 sq ft, the apartment offers spacious living accommodation throughout including a generous living/dining/snug area on the upper floor. The first floor provides kitchen/breakfast room, bathroom, two halls with storage and two generous bedrooms with feature fireplaces and views of St. Nicholas Methodist Church. There are period features throughout including exposed beams, brickwork, and exposed floorboards. The property is located in a prime location within the town with easy access to the shops, restaurants and cafes of Topsham, c.150m to the waterfront and approximately half a mile to the train station.

GROUND FLOOR

RETAIL SPACE THREE SHOP AREAS with wooden flooring, feature fireplaces, double doors to Topsham High Street, door to small walk-in STORE ROOM & WC, further door to KITCHEN and stairs to BASEMENT.
Gas central heating.

FIRST FLOOR FLAT

HALLWAY8'2" x 3'7" (2.5m x 1.1m). Store cupboard.

KITCHEN12'2" (3.7m) x 11'10" (3.6m) (at widest). View of St. Margaret's church. A range of wall and base cupboards, radiator, sink and taps, space for cooker, washing machine and fridge freezer.

BATHROOM11'10" x 5'11" (3.6m x 1.8m). Hand wash basin vanity unit, WC, bath with shower over and tiled spashback, radiator.

BEDROOM 115'5" x 13'5" (4.7m x 4.1m). Feature fireplace, two built-in cupboards, radiator and views of St. Nicholas Methodist Church.

BEDROOM 214'9" x 11'2" (4.5m x 3.4m). Feature fireplace, exposed floor boards, two built-in cupboards and view of St. Nicholas Methodist Church.

HALL11'2" x 6'7" (3.4m x 2m). Space for hall table and storage.

SITTING ROOM/DINING ROOM24'7" x 12'2" (7.5m x 3.7m). Exposed beams and brickwork, radiator and eaves storage.

SNUG17'9" x 10'2" (5.4m x 3.1m). Exposed beams and floor boards, radiator and view of St. Margaret's church.

COURTYARD Patio. Door to rear of shop and steps up to the flat.

PARKING SPACE Informal use of a parking space.

AGENT'S NOTES: The Vendors' Solicitor has advised us there is a Right to pass over the forecourt (with or without a vehicle) and also a Right to park (a small car) by the rear gate.

LETTINGS NOTE: We estimate that the shop space would rent for c. £16,000 per annum. Wilkinson Grant Lettings Department would consider the rental value of the flat to be in the region of £900 per calendar month.
Combined, this should give you a gross yield of approximately 4.8%.
For further information on this or any property letting or management matters, please contact a member of our Lettings Department on 01392 455920 and they will be only too happy to assist with your enquiry.

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