7 & 7a Whipton Village Road is a three storey property comprises a ground floor shop trading as Village Yarns (wool shop), and a two bedroom maisonette above situated in the residential district of Whipton approximately two miles from central Exeter. The property lies in a small parade of shops and opposite the Whipton Eye Centre and Barberboss (barber shop).
The ground floor lock-up shop is divided into two parts with retailing to the front and an ancillary room to the rear. There is a toilet accessed off the rear room and one designated parking space in the private rear car park. There is also a useful display area to the front due to the recessed nature of the shop.
The shop is let to Pam Brewer, trading as Village Yarns, who is in the process of signing a new five year lease. The lease will be drawn on Internal Repairing and Insuring terms, and at a rent of £4,850 per annum. This lease will commence just prior to the completion of the sale of the property to enable a new purchaser to benefit from the full five year lease term.
The maisonette is accessed from the rear of the building and due to the sloping topography at this level is in fact the first floor. This two bedroom maisonette is presented in good decorative order and benefits from double glazed windows and gas central heating throughout.
The maisonette benefits from one parking space at the rear in the private car park.
The maisonette is let under an Assured Shorthold Tenancy at a rent of £675 per calendar month, and the tenant has recently served notice to vacate on 31st May 2016. The maisonette will therefore be sold with vacant possession.
The property is available at a Guide Price of £165,000.
For further information please contact Mark Beskeen.