Crediton is an historic town situated in mid-Devon, approximately 7 miles to the north west of Exeter, with a resident population at the last Census (2011) of 7,835 people. Crediton has a number of historic properties, including our clients’, which form the bustling High Street and within the town is the attractive Church and Square.
Crediton has we understand been consistently voted on of the most desirable locations in Devon, given its access to beautiful countryside and Exeter.
Evans Newsagents (10 High Street) is a substantial mid-terrace 5 storey (including the cellar) Grade II Listed property, which extends extensively to the rear and offers either sizable single family, accommodation or for multi-family/alternative use. On the ground floor is a large expansive retail area which principally has the Newsagency to the front and a haberdashery/wool business to the rear and with a staircase ascending to the cellar which is used for storage and stairs ascending to the first floor accommodation.
The premises comprise circa 1,000sqft of retail space and 4 bedrooms on the second floor, with a further 2/3 bedrooms on the third floor, alternatively it could be used as separate accommodation. Overall the premises comprise some 6,627sqft (615.6sqm) and have been subject to extensive refurbishment during our clients’ tenure.
We understand a business has traded on this site for the past 49 years, has been in our clients’ tenure for the past 8 years who are now selling due to other business commitments away from this sector. We are advised the business trades all year (with the exception of Christmas Day) and trades 5am to 6pm (5pm on Wednesday) and from 5am to 12 noon on Sunday.
The business trades as a traditional newsagents, has 17 rounds, with a news bill in the range of £2,000 to £2,500 per week, which is increased with magazines sales up to circa £3,300 per week. We are advised there are no other similar newspaper round businesses within the vicinity. We are advised the sales split is roughly 55% newspapers and magazines, 35% in relation to the haberdashery/wool part and 10% card and stationery.
The business is run by our 2 clients, along with up 6 part-time members of staff. In terms of the trade, the turnover for the year end July 2018 showed net sales of £471,517, with a gross profit level of 28% and after deducting all normal overheads (including staff costs of £63,702), produced a net profit of £39,175. Further accounting information will be made available to interested parties in the normal manner.
The Accommodation Comprises
(all areas and dimensions are approximate)
NB : FLOOR PLAN AVAILABLE UPON REQUEST
An attractive retail area with 2 windows and 2 doors to the front elevation, a range of freestanding price edged units and card display. To the rear of the property is the wool shop area, with space for a table and chairs and with built-in storage racking. Steps down to:-
Used for general storage.
To the rear of the retail area through to 3 interconnecting storage areas and staff kitchen/utility with separate wc.-
To the rear of the retail area inner lobby, with stairs ascending to:-
At the half level landing, wc and at the first floor landing storage cupboard.
A charming room with defined kitchen and dining areas, range of complimentary base and wall units, stainless steel drainer unit. 7 ring gas cooker with 2 ovens with extraction over. 2 radiators. Dining area, with ample space for table and chairs, window to rear elevation and door to rear, with external staircase leading to the ground floor leading to the garden.
2 windows to the front elevation, 2 upright radiators.
2 windows to the front elevation, built-in shelving, ample space for desks and storage etc. Radiator.
Turning staircase to:-
2 windows to the front elevation, radiator.
2 windows to the front elevation, feature fireplace, radiator.
Window to side elevation, radiator, built-in wardrobes.
Window to side elevation, radiator.
A beautiful room with freestanding roll top bath, separate double shower, low level wc and pedestal wash hand basin. widnow to rear elevation.
Double shower, low level wc and pedestal wash hand basin, window to rear elevation.
On landing large storage cupboard.
A large living room, alternatively could be several bedrooms, leading through to:-
Window to side elevation, radiator.
Window to side elevation, radiator.
NB : ADDITIONAL PHOTOS OF PROPERTY AVAILABLE UPON REQUEST
Immediately through the property is a cobbled courtyard area leading to the patio garden, with ample space for furniture and barbecue etc. Parking for up to 5 vehicles.
Mid Devon District Council
Tiverton EX16 6PP
Tel: 01884 255255
Planning: 01884 234260 / 234262
Energy Performance Certificate
The Energy Performance Rating for this property is within Band D87.
An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.
We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search
Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999
To be taken at valuation.
Value Added Tax
All the above prices/rentals are quoted exclusive of VAT, where applicable.
If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.
For further information or an appointment to view please contact:-
Graham Timmins on 01872 247019 or via email firstname.lastname@example.org
PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.
AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.
Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.
VIEWING: Strictly by prior appointment through Miller Commercial.