Summary - 1 KING STREET SOUTH MOLTON EX36 3BL
2 bed 1 bath Terraced
Prominent double-fronted shop with 2-bed flat above — major renovation opportunity in South Molton.
- Double-fronted ground-floor shop with separate two-bedroom flat above
- Total approx. 1,654 sq ft; small rear courtyard with shared access
- Prime High Street location near market square and local amenities
- Requires full renovation and modernisation throughout
- Reported damp and single-glazing in living room; dated electric heaters
- Freehold and chain-free; sold as seen at modern auction
- Auction fees and non-refundable reservation fee (4.5% min £6,600) apply
- Excellent mobile signal and fast broadband; no flood risk
A double-fronted Victorian shop with a two-bedroom flat above, 1 King Street sits in South Molton’s busy High Street and offers strong development and rental potential. The ground-floor retail unit has utilities in place and separate meters, while the flat occupies first and second floors with a simple two-storey layout. The building totals about 1,654 sq ft and benefits from a small rear courtyard with shared access and excellent broadband and mobile signal.
The property is offered for sale by modern auction and is sold as seen; it requires full renovation and modernisation throughout. Notable issues include dated electric room heaters, areas of single-glazing and damp reported in the living room, and generally neglected Victorian fixtures that will need careful refurbishment. Buyers should expect a substantial program of works to bring the shop and flat up to current standards.
This is a clear opportunity for investors or developers seeking a town-centre asset with immediate rental or trading potential once refurbished. The location — close to shops, cafés, weekly markets and the town square — supports either a continued commercial use at ground level with residential above, or conversion/modernisation to maximise income. The property is offered freehold and chain-free, but note auction terms, a Buyer Information Pack and non‑refundable reservation fee apply.
Interested parties must carry out their own due diligence before bidding. The auction route provides a defined timetable for completion but also adds buyer costs and conditions: starting bid and reserve may differ, there is a required reservation fee, and completion timescales are imposed. For a buyer prepared to invest in renovation, this building presents a prominent High Street presence and scope to add value in a popular market town gateway to Exmoor.
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