Central Stores

Combe Martin, EX34 0DD

For Sale

Property Type Investment
Availability For Sale
Size 1664 sqft
Energy Performance Rating This property has been graded as D 82

Attractive C-Store and Self-Contained 2 bed flat with Redevelopment Potential. Let for further 16 years unexpired with no breaks.


LOCATION

Combe Martin is a seaside village and holiday destination on the northwest edge of Exmoor National Park, located 2.7 miles east of Watermouth, 4 miles east of Ilfracombe and 11.8 miles north of Barnstaple. The store is situated within an established tourist destination and predominantely residential area located adjacent to the A399 and 500 feet from the beach front. Other occupiers within the immediate area include a primary school, Boots pharmacy and a Car Repair Centre.

KEY POINTS

  • Attractive C-Store with a first floor self-contained two bedroom flat
  • Property offers a future redevelopment opportunity to a single large dwelling or individual apartments subject to planning
  • The store benefits from a customer pull in area to the front of the store
  • Total current rents reserved £29,417 per annum rising to £33,282 per annum in August 2026
  • Internally benefits from a Tchibo Coffee Machine and the sale of a selection of hot food items
  • Situated 500 feet from the beach front
  • Trading superbly well in this difficult environment
  • Let on an overriding lease for a further 16 years unexpired guaranteed by the excellent covenant Bestway Wholesale Ltd
  • Fixed uplifts at 2.25% compounded throughout
  • VAT is not applicable
  • Rent has been paid in full and on-time with currently no arrears
  • Purchase at this level would reflect a Net Initial Yield of 6% with a reversionary yield of 6.79% in August 2026
  • Offers in excess of £469,000
The property is a part of a detached two storey stone built building under a pitched slate roof.  The store is arranged over the ground floor with staff and storage accommodation to the rear of the unit.  The sales area provides a range of grocery products, off license, beach accessories, Tchibo coffee machine, hot food items and an ATM.  On the first floor there is a self-contained two bedroom flat. The store benefits from a customer pull in area in front of the store for up to 6 cars.
< Back to properties VIEW SHORTLIST Download Marketing Brochure Download 20 - Lease - 8 Aug 2016 - Cross Street, Combe Martin - WS Retail.pdf Download Official Copy (Register) - DN357119 - Cross Street, Coombe Martin.pdf Download Official Copy (Title Plan) - DN357119 - Cross Street, Coombe Martin.pdf Download EPC - Cross Street, Coombe Martin.pdf

Viewing & Further Information

For further information, or if you would like to arrange a viewing, please contact our agents:

Michael Braier

020 7478 9112

CONTACT AGENT


Nick Sherling

020 7478 9113

CONTACT AGENT


This site uses Google Analytics cookies. We use the Google Analytics to help us improve the site. The cookies collect information in an anonymous form, including the number of visitors to the site, where visitors have come to the site from and the pages they have visited on the site. Please accept if you would like to continue with cookies enabled. If you want to change your settings click here