Summary - 28 HIGH STREET CREDITON EX17 3AH
1 bed 1 bath Not Specified
Freehold High Street building with secure retail income and redevelopment potential..
Ground-floor Costa tenant with lease to 2027 and fitted layout
Current headline return approximately 9.6% at £285,000
Total area c.4,714 sqft over ground, first and second floors
Upper floors vacant and require full refurbishment
Restricted head height in some first-floor rooms (c.1.85m)
Second-floor staircase removed; access and condition unknown
No dedicated parking; small rear yard only
Conservation area may affect conversion and refurbishment works
A rare freehold investment on Crediton’s busy High Street, offered with a secure ground-floor tenant (Costa franchise) whose lease runs until 2027. The property extends to about 4,714 sq ft over ground, first and second floors and currently produces a headline yield of 9.6% at the asking price of £285,000. The ground floor is fitted for immediate retail use and benefits from full-height display glazing and a central frontage.
Significant redevelopment potential sits above the shop. The first and second floors are mostly vacant and require full updating; some areas have restricted head height (c.1.85m) and the upper staircase has been removed. The building dates from circa 1850, sits within a conservation area, and will need refurbishment works to convert upper floors to alternative uses or habitable accommodation.
Practically the site is compact — the building occupies the majority of the 0.02-hectare plot with only a small rear yard and no dedicated parking. Utilities are in place (mains gas, electric, water, broadband). Prospective buyers should factor in refurbishment costs, potential planning or conservation constraints, and the buyer compliance check fee payable on accepted offers.
3 bedroom apartment for sale in High Street, Crediton, EX17 — £325,000 • 3 bed • 2 bath • 2278 ft²
High street retail property for sale in High Street, Crediton, EX17 — £54,995 • 1 bed • 1 bath • 1163 ft²
3 bedroom apartment for sale in High Street, Crediton, EX17 — £140,000 • 3 bed • 1 bath • 932 ft²
Cafe for sale in High Street, Crediton, Devon, EX17 — £29,950 • 1 bed • 1 bath • 421 ft²
2 bedroom apartment for sale in Searle Street, Avenue House Searle Street, EX17 — £169,950 • 2 bed • 1 bath • 818 ft²
3 bedroom town house for sale in Parliament Street, Crediton, EX17 — £185,000 • 3 bed • 1 bath • 786 ft²
