Commercial Property in Wilmington available for sale
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Commercial Property for Sale near Wilmington, UK

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Explore the Latest Wilmington Commercial Property for Sale

Commercial Properties for Sale Within 5 miles of the Wilmington, UK

More details for 4-6 New St, Honiton - Retail for Sale

4-6 New St

Honiton, EX14 1EY

  • Retail for Sale
  • £250,000
  • 2,389 sq ft
  • Security System

Honiton Retail for Sale

The freehold sale includes two inter-linked retail units on the ground floor and one first floor residential unit. The properties provide substantial retail and ancillary accommodation with a significant frontage to New Street. The units occupy a central trading location within this popular market town. The tenant provides a good covenant and the Clarks brand has been trading from the units for 20 years. Market rent agreed in May 2023. The first and second floors of No 4 provide medium-term residential development potential. Attractive net initial yield.

Contact:

Neil Atkinson & Co

Property Subtype:

Shopfront Retail / Residential

Date on Market:

15/08/2023
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Learn More About Investing in Commercial Properties

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FAQs about Commercial Properties For Sale in Wilmington

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How many Commercial Property listings are available for sale in Wilmington?
There are currently 1 Commercial Properties available for sale near Wilmington. These Wilmington Commercial Property listings have an average size of 3,600 sq ft. The largest available listing in Wilmington is 3,600 sq ft. The thriving commercial centre and excellent transport links in Wilmington make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in Wilmington?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in Wilmington currently range from £90 to £90 per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in Wilmington?
There is a diverse range of commercial properties available in Wilmington to suit various business needs. Wilmington offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 1 Wilmington commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

Discover More Commercial Properties for Sale in the Wilmington, UK

Market Overview for Commercial Properties in Wilmington

Key information for Commercial Properties investors in Wilmington and comparable markets. This summary brings together pricing and building size data to provide a clear view of market conditions and potential investment opportunities.

City Avg Price Per Sq Ft Avg Size Available
Wilmington £90 3,600 sq ft
Honiton £64 3,697 sq ft
Axminster £89 2,529 sq ft
Seaton £46 11,372 sq ft

Rental Price Trends in Wilmington

The price per square foot range for Commercial Properties in Wilmington and nearby cities. These metrics help establish valuation benchmarks and highlight possible value opportunities in the market.

City Min £ Sq Ft Avg £ Sq Ft Max £ Sq Ft
Wilmington £90 £90 £90
Honiton £50 £64 £79
Axminster £81 £89 £97
Seaton £46 £46 £46

Available Building Sizes

A summary of the current sizes of Commercial Property for sale in the Wilmington area. Refine your search based on space requirements and investment level.

City Smallest Property Avg. Sq Ft Largest Property
Wilmington 3,600 sq ft 3,600 sq ft 3,600 sq ft
Honiton 2,389 sq ft 3,697 sq ft 5,005 sq ft
Axminster 2,314 sq ft 2,529 sq ft 2,743 sq ft
Chard 7,786 sq ft 7,786 sq ft 7,786 sq ft
Seaton 11,372 sq ft 11,372 sq ft 11,372 sq ft

You searched for commercial property for sale in Wilmington. Explore 1 listings from top commercial agents on LoopNet. Whether you're looking for investment properties to expand your portfolio, establish a new venture, or secure a prime location, LoopNet offers a diverse range of opportunities to meet your goals. Each listing provides detailed information on property features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of commercial properties worldwide, LoopNet is your trusted partner in finding the perfect commercial property for investment.

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