Commercial Property in EX38 available for sale
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Commercial Property for Sale near EX38, Torrington

Find commerical property for sale in EX38 that meets your business or investment goals

More details for 18 South St, Torrington - Retail for Sale

18 South St

Torrington, EX38 8AA

  • Retail for Sale
  • £185,000
  • 617 sq ft
  • Smoke Detector

Torrington Retail for Sale - Great Torrington

LOCATION<br/>Opposite the Torrington branch of Webbers Estate Agents in the heart of the town, just a few yards from the Pannier Market and town hall the premises are well placed for passing trade. <br/>Nearby is South Street car park, where the owner of this property may be able to apply for a residents’ parking permit through Torridge District Council. Availability and eligibility are subject to the council’s criteria.<br/>Torrington is a vibrant market town set high above the River Torridge. Each year it hosts a well attended May Day celebration. The town lies approximately 11 miles from Barnstaple and around 7 miles from Bideford. It is also known for being the home of Dartington Crystal and for the nearby Rosemoor Gardens, both of which are major attractions in the area.<br/><br/>THE PREMISES<br/>The property must be viewed internally to appreciate the size and extent of the accommodation, which is arranged over three floors. <br/>The ground floor area provides approximately 617 sq ft of space. <br/>To the rear of the property is a further retail area with a large kitchen. <br/>The upper floors provide a lounge, kitchen/diner, 5 bedrooms (3 en-suite) with further bathroom and shower room. <br/>The premises are in need of work and modernisation throughout.<br/>Would be ideal for a variety of retail uses, subject to any necessary planning consent.<br/>This property benefits from approved planning permission for a change of use to a six bed House of Multiple Occupation (HMO), under application reference 1/0144/2025/FUL.<br/><br/>SERVICES AND UTILITIES <br/>All mains connected. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting <br/>VAT<br/>We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.<br/><br/>BUSINESS RATES <br/>£11,500 UBR. As of April 2026, the Uniform Business Rate (UBR) multipliers are 43.2p in the pound for properties with a Rateable Value below £51,000 and 48.0p for properties at £51,000 or above. The Rateable Value has been obtained from the Valuation Office Agency at the time these details were prepared. Prospective occupiers should verify the current Rateable Value and multiplier with the Valuation Office Agency or via the GOV.UK website. Small Business Rate Relief (up to 100%) may apply for properties with a Rateable Value below £12,000, subject to eligibility and local authority assessment.<br/><br/>LEGAL ADVICE <br/>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.<br/><br/>PLANNING <br/>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 of planning use is the buyer’s responsibility.<br/>

Contact:

Webbers

Property Subtype:

Bar

Date on Market:

31/03/2025

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Commercial Properties for Sale Within 5 miles of the EX38, Torrington

FAQs About Commercial Property For Sale in EX38

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How many commercial properties are currently available for sale in EX38?
There are currently 1 commercial properties available for sale. Sizes range from to , with an average size of. Available opportunities may include offices, retail premises, industrial properties, mixed-use assets and development sites.
How much does commercial property cost in EX38?
The average asking price is approximately per sq ft, with prices ranging from to per sq ft. Property values will vary depending on location, size, condition, tenant status and market demand.
What factors influence commercial property values?
Property values can be affected by location, building quality, asset size, lease terms, tenant covenant strength, redevelopment potential and local market conditions. For investment properties, income generation and yield are also important considerations.
What types of commercial property are available to buy?
The market may include offices, retail units, industrial properties, warehouses, land, mixed-use buildings and specialist assets. Availability will vary depending on location and current market conditions.
What should I consider before buying commercial property?
Key considerations include location, accessibility, property condition, planning permissions, lease arrangements, operating costs and future growth potential. Buyers should also understand any legal, environmental or structural issues that could affect value or usability.
What is rental yield and why does it matter?
Rental yield measures the income generated by a property relative to its purchase price. Investors often use yield to compare opportunities, although it should be considered alongside factors such as tenant quality, lease length and potential for capital growth.
Can I buy commercial property for my own business?
Yes. Many buyers purchase commercial property to occupy themselves rather than as an investment. Owning premises can provide greater control over operating costs, security of tenure and the potential to benefit from future capital appreciation.
Do I need a commercial mortgage?
Many buyers use commercial finance to fund acquisitions. Deposit requirements, lending terms and borrowing costs vary depending on the property, the buyer's circumstances and the intended use of the asset.
What due diligence should I carry out before buying?
Due diligence typically includes reviewing title documents, planning permissions, leases, service charge information, environmental matters and building condition reports. Professional legal and surveying advice is strongly recommended before completing a purchase.
What are the risks of buying commercial property?
Potential risks include market fluctuations, vacancy periods, tenant default, maintenance costs, planning restrictions and changes in local demand. Thorough due diligence and effective asset management can help reduce these risks.
Can overseas buyers purchase commercial property in the UK?
Yes. International buyers can purchase commercial property in the UK, although additional legal, tax and regulatory considerations may apply. Professional advice should be obtained before proceeding with a transaction.
What additional costs should I budget for?
In addition to the purchase price, buyers should budget for Stamp Duty Land Tax, legal fees, surveys, finance costs, insurance and any refurbishment or fit-out works that may be required.

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