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See how verdicts work2-bedroom property · TA22 9DW
For saleReduced £20.9k (−7.5%) on 30 JulListed 246 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LOCATION Fronting the main High Street within the very popular Exmoor town of Dulverton.
This is a delightful, small market town situated on the banks of the River Barle popular with visitors all year round.
The premises are close to the main car park and only a few yards from all amenities.
There is a Heritage Centre, library, butchers, greengrocers, a Co-Op supermarket and an attractive selection of local shops and cafes to explore.
Ideal as a centre for exploring Exmoor National Park it is also the headquarters of the Exmoor Park offices. With an all-round great community spirit Dulverton is a lovely place to live and work.
THE PROPERTY This mid-terraced shop has been used in the past as a tea room and courtyard tea garden but in the last 9 years has operated as a gift shop and selling costume jewellery, gifts, cards, as well as garden ornaments within the walled courtyard.
Gross turnover estimated to be around £180,000. The courtyard is approached through a covered walkway and has two large timber doors for security.
The premises are available with vacant possession, suitable for a range of uses (subject to any necessary planning consents).
Alternatively, the existing business can be included within the sale price, with stock and fixtures and fittings available by separate negotiation.
The shop offers about 465 square feet of retail plus the courtyard where there is also a outbuilding/ store and large cloakroom.
The owner’s apartment is approached from a central internal staircase or a rear external staircase from the courtyard. There are 2 bedrooms, a lounge/dining room, fitted kitchen and bathroom/W.C.
The apartment has oil fired radiator central heating. The property offers comfortable cosy living quarters in a convenient location.
AGENTS NOTE The adjoining property neighbour has a right of way through the timber door over the courtyard to their rear back gate. The property is in a conservation area.
LEGAL ADVICE We strongly recommend that a buyer takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.
PLANNING It is the responsibility of the proposed buyer to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department.
The cost of any change pf planning use is the buyers responsibility. SERVICES Mains electricity, water and drainage. There is no gas at the property.
VAT We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC. VIEWING Strictly by appointment through the selling agents.
RATEABLE VALUE £5,600 UBR, as of April 2023, 47.9p in the £.
Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.
COUNCIL TAX BAND B From Webbers Dulverton Office turn immediately left and the premises are directly on the opposite side of the road.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
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Area
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FAQ
About High Street, Dulverton, TA22
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