Summary - 23-25, FORE STREET EX15 1JS
1 bed 1 bath Convenience Store
Turnkey income with strong sales and two rental flats in central Cullompton.
Core sales c.£16,500/week (c.£21,500 inc. lottery/paypoint).
Additional rental income £36,600 pa from two tenanted flats.
Shop size just over 1,000 sq ft with full shop fit and chillers included.
Three off-street parking spaces to the rear; town centre main road location.
Leasehold: 20 years remaining from 28 Feb 2025; lenders may refuse mortgages.
Current lease rent £31,000 pa; rateable value £15,500 (2023).
EPC: Shop C; flats C and E. Mains gas heating; double glazing.
Above-average local crime; solid brick walls likely uninsulated.
This leasehold Nisa convenience store occupies a prominent Fore Street position in Cullompton with strong weekly sales and immediate rental income. The ground-floor shop extends to just over 1,000 sq ft, is well fitted with chillers, gondolas and two EPOS counters, and benefits from good street visibility and three rear parking spaces. Two self-contained flats above are tenanted, together producing £36,600 per annum, boosting the total income profile.
Trading performance is solid: recent till reports show weekly sales circa £16,500 excluding lottery and paypoint (circa £21,500 including). The property includes fixtures and fittings (subject to inventory) and the busy trading hours support consistent footfall from the central high street location, with easy access to the M5 and nearby towns.
Key commercial strengths are clear income streams, established trading patterns and included shop fit. However, the leasehold position is a material constraint: only 20 years remain from 28 February 2025 and the current rent is £31,000 per annum. This limited lease term is likely to restrict lending options and may deter mortgage-backed purchasers.
Other practical points: the building has an EPC rated C for the shop (flats have C and E), mains gas central heating, double glazing, and no flood risk. There is above-average local crime reported, and some assumed solid wall construction without insulation. Prospective buyers should assess lease length and lender appetite, confirm fixture itineraries, and review tenant agreements for the flats if retaining them as income or using for owner occupation.
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