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Retail investment - Crediton

Yield : 6.75%

€419,882

Located in the heart of this town this coffee shop for sale provides the heart beat of the town and offers a good commercial investment opportunity with 24% return on equity.

The retail investment

This new commercial property for sale comprises a large mid terrace three storey period building with double fronted ground floor retail accommodation with rear storage/office and additional upper floors. The property provides a total NIA of 214.53 sq.m (2,309 sq.ft) at ground floor with an approximate total GIA of 324.52 sq.m (3,493 sq.ft) at first and second floors. Freehold subject to existing tenancy. The property is currently let to Jurassic Coast Coffee Ltd t/a Costa Coffee on an internal repairing lease expiring January 2027 at £25,000 pa subject to rent review in 2022. 

The location

The Mid Devon old market town of Crediton is located approximately 8 miles North West of Exeter, the Capital City of Devon. Crediton has an estimated population of 7,000 and has a reasonable range of retail and employment facilities in the town. 

Situated on Crediton High Street, which forms part of the main arterial route through the town. Crediton is a Mid Devon market town with a population of circa 6,840 located approximately 8 miles from Exeter via the A377.

Occupiers close by include Tesco Express, Lloyds Bank, Boots and Co Operative Food.

Key points

  • Price: Offers in excess of £370,000
  • Gross yield: 6.75%
  • Net yield: 6.5%
  • Return on equity yield: 24%

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Or call us at: +44 (0) 207 4714 500

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