Town centre site of 0.45 acres including a 4-bedroom house, 2-bedroom flat, office building and showroom. The property has potential to be used for a range of leisure or commercial uses.
Town centre site of 0.45 acres including a 4-bedroom house, 2-bedroom flat, office building and showroom.
Previously used as a residential house, offices and showroom with access out onto Station Road and next to Tesco’s superstore. The property has potential to be used for a range of leisure or commercial uses such as a care home, education, place of worship, boutique hotel, residential lets or self-catering holiday accommodation.
In all, set in 0.45 acres. For sale as a whole by private treaty
Location The property is located in the town centre of Tiverton which offers a leisure centre, hospital, banks, primary schools, secondary schools, shops, Great Western Canal, public houses/restaurants, an indoor swimming pool complex, golf course, pannier market, cinema, dentist and doctor surgery and the Tiverton Museum of Mid Devon Life. The private Blundell School is nearby in Tiverton and further amenities and facilities can be found in the city Exeter 16 miles away or the county town of Somerset, Taunton, 20 miles away.
The North Devon coastline is easily accessible with its excellent surfing beaches at Woolacombe, Saunton Sands and Croyde Bay. North Devon also has the scenic former fishing villages such as Instow and Appledore on the Torridge Estuary. National Trust properties of Knightshayes Court and Arlington Court make ideal day trips.
Tiverton is easily accessible from the M5 motorway at junction 27 along with Tiverton Parkway railway station which has a mainline London to Paddington service.
The Property Oakdale House & The Elms is a mixed-use property. Oakdale House is a 4-bedroom period property and The Elms, which is adjoining, is Grade II Listed and has previously been used as office accommodation which includes a 2-bedroom, self-contained flat. The former showroom faces out onto Station Road.
The site has potential to be converted into alternative uses due to its location within Tiverton town centre such as care home, educational purposes, children’s nursery, boutique hotel, self-catering holiday letting accommodation, place of worship, or converted into residential apartments, subject to gaining the relevant planning consents.
The site is set on 0.45 acres and Oakdale House, The Elms and the showroom are three self-contained buildings where someone could live on site and develop a business such as a holiday letting complex or run a business from home, including car sales, due to its prominent location just off the A396 at the junction of Station Road and Blundells Road near the town centre.
Nearby occupiers include Travis Perkins, Tesco’s superstore, Tesco’s petrol filling station, Mill Auto Supplies, West Cars Approved and The Loman Hotel.
Oakdale House has been used as a residential property and The Elms and flat have not been occupied since the 1980s so is in need of improvement along with the showroom and would make an ideal redevelopment opportunity.
Outside To the side of the property is a double garage and further outbuildings, plus a concrete yard area with parking space for 18-20 vehicles.
To the front of Oakdale House is a walled garden area laid mainly to lawn and to the front of The Elms is an additional garden area laid mainly to lawn, which is also enclosed by a walled garden area which gives pedestrian access out onto Station Road and also gives pedestrian access into the showroom as well as the 2-bedroom flat to the rear of The Elms.
Method of Sale The property is offered for sale by private treaty.
Tenure & Possession The freehold interest is being offered for sale with vacant possession available on completion.
Planning Oakdale House and the 2-bedroom flat have residential use. The Elms was used as office accommodation back in the 1980s. The showroom has retail use. All of this would have to be checked with the local authority.
Listing Status The Elms is Grade II Listed (1384963). The boundary walls to The Elms and Oakdale is Grade II Listed (1384964).
Services Mains electricity, drainage, water and gas. Heating - Gas central heating within Oakdale House.
EPC Ratings Oakdale House: Rated G The Elms and flat: Rated G
Council Tax Oakdale House: Band E
Local Authority Mid Devon District Council www.middevon.gov.uk
Viewings Strictly by appointment with agents Carter Jonas.
The next steps...
1
Establish funds
How will you fund the purchase?
Before making an offer on a property you will want to consider your financial situation, your income and outgoings.
Will you finance the purchase of your next property from the sale of an existing property which can put you in a chain, arrange a mortgage through your bank or buy the property outright.
To help you finance your next property purchase, we have a long established relationship with an independent mortgage broker who can discuss your situation with you.
They do all the legwork for you, working on your behalf with the lender
They compare wholesale mortgage rates from a large number of banks and lenders all at once
Their wholesale interest rates can be lower than retail (bank branch) interest rates
They offer more loan options because they work with numerous banks and lenders
They can finance tricky deals because of their knowledge and various lending partners
They are typically easier to get in contact with, and are less bureaucratic.
However advantages of working with your bank are:
You may be able to build off an existing relationship (and gain discounts if you have a checking or savings account)
You may already know the banker who will handle your mortgage
Banks may be more accountable than a smaller shop
They may offer lower interest rates in some cases
Their ability to add mortgage to existing banking profile and make automatic payments from linked account.
2
Making an offer
with Carter Jonas.
When you see a property you are interested in on our website, call us 24/7 to arrange a viewing. Or if you prefer, get in touch via our website and we will call you back to find a time to view the property that suits you.
Once you’ve found a property you want to buy, it’s time to make an offer. A bit of negotiation is to be expected, however don't offer so little that you end up in a lengthy negotiation process, as you might lose the property altogether if someone else makes a higher bid.
If other offers have been made on a property we aren't legally able to tell you what they are, but we may indicate if they were close to the asking price.
3
Need to sell a property
or thinking of letting?
If you have a property to sell, why not see how we can help you.
Or if you’re considering letting your property, we can take the stress out of managing your rental, and our award winning lettings team offer a service that can be tailored to your needs.
Combined with nearly 170 years of experience and one of the highest customer satisfaction scores in the industry, Carter Jonas is the perfect property partner.
