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Investment For Sale, South Molton, Devon

Investment in South Molton
Investment in South Molton
Investment in South Molton
Investment in South Molton

Property ID: 158583

£425,000 Freehold

2 Lime Court,Pathfields Business Park, South Molton, Devon, EX36 3LH

Type Investment
Status Available
Size 5,008 sq ft

Key Features

  • Multi-let office investment
  • Approx 5,008 sq ft (465.26 sq m)
  • Passing rent at £48,870 per annum
  • Modern office premises
  • Established local & regional tenants
  • Located in a prominent position on Pathfields Business Park
  • 27 parking spaces on site
  • OIRO £425,000 reflecting a NIY of 11% (after an allowance for purchaser's costs of 4.33%)
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Description

Lime Court is located in a prominent position on Pathfields Business Park in South Molton circa 33 miles from Exeter and 14 miles from Barnstaple via excellent access to the North Devon Link Road. The Business Park is the main hub for business in the town with other occupiers such as accountants, solicitors, land agents and Mole Valley Farmers Store all in close proximity.

The town itself is a vital market town in North Devon with twice weekly markets, historic sites such as the Guildhall, excellent local shops and cafes and Exmoor National Park just a short drive away which offers a wide range of outdoor pursuits. The town is serviced by regular bus links to local towns such as Tiverton and Barnstaple which also provide train links across the region via Barnstaple Train Station and Tiverton Parkway.

The Property Consists Of A Purpose Built Modern End Of Terrace Office Development Over The Ground, First And Second Floors. The Property Is Fitted To A Good Quality Office Fit Out With Air Conditioning, Carpet Covering To All Floors, Painted Plaster Walls With Some Internal Demountable Partitions And Suspended Tiled Ceilings With Recessed Lighting. The Property Benefits From 27 Parking Spaces To The Front With Bike Storage Also Located Onsite.

Each Floor Has Its Own Reception Area Leading Off Of The Central Staircase. There Is Also Lift Access Via The Central Staircase And Overall The Accommodation Provides One Of The Best Office Buildings In The Town.

Location

Lime Court Is Located In A Prominent Position On Pathfields Business Park In South Molton Circa 33 Miles From Exeter And 14 Miles From Barnstaple Via Excellent Access To The North Devon Link Road. The Business Park Is The Main Hub For Business In The Town With Other Occupiers Such As Accountants, Solicitors, Land Agents And Mole Valley Farmers Store All In Close Proximity.

The Town Itself Is A Vital Market Town In North Devon With Twice Weekly Markets, Historic Sites Such As The Guildhall, Excellent Local Shops And Cafes And Exmoor National Park Just A Short Drive Away Which Offers A Wide Range Of Outdoor Pursuits. The Town Is Serviced By Regular Bus Links To Local Towns Such As Tiverton And Barnstaple Which Also Provide Train Links Across The Region Via Barnstaple Train Station And Tiverton Parkway.

Accommodation

All Areas Are Approximate And Provided By Client From Own Management Records.

Ground - 1,797sq Ft (166.95 Sqm)
First - 1,845 Sq Ft (171.41 Sq M)
Second- 1,366 Sq Ft (126.90 Sq M)
Total - 5,008 Sq Ft (465.26 Sq M)

Rent / Price

Offers In The Region Of £425,000

Business Rates

Interested Parties Are Advised To Confirm The Rating Liability With North Devon Council.

Services

We Understand That Mains Electricity, Water And Drainage Are Connected To The Property However These Services Have Not Been Tested By The Agents. Interested Parties Should Make Their Own Enquiries.

Epc

Please Contact The Agents For Details.

Legal Fees

Each Party To Be Responsible For Their Own Legal Fees In Relation To This Transaction.

Vat

The Property Has Been Elected For Vat And Therefore Vat Will Be Charged On The Price.
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Vickery Holman
Vickery Holman View all properties

Property ID: 158583

Investment For Sale, South Molton, Devon
£425,000 Freehold

2 Lime Court,Pathfields Business Park, South Molton, Devon, EX36 3LH

Investment · Available · 5,008 sq ft

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Vickery Holman
Vickery Holman View all properties
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