Popular
Total views: 2500+
Floorplan
MapGuide price
£325,0009 bedroom property with land for sale
Former Lloyds Bank, South Molton
Chain-free
Under offer
Plot
9 beds
Key information
Tenure: Freehold
Council tax: Ask agent
Broadband: Ultra-fast 1000Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
- Investment Opportunity
- 3 Apartments & retail unit
- Parking & Garden
A superb development opportunity for conversion/renovation - Former Lloyds Bank, East Street, South Molton.
Multiple options, including possible title split or rental accommodation.
Planning consent granted in July 2025 for the conversion of the former bank to a retail unit & 2 residential flats together with retention and refurbishment of 1 flat, as follows:-
- Ground floor 2 bedroomed apartment with 1 parking space and use of the communal garden extending to about 106 m2 (742 ft2)
- First floor front facing 2/3 bedroomed apartment also with 1 parking space and communal gardens, with the accommodation extending to 94 m2 (1,011 ft2)
- First and second floor rear facing 3/4 bedroomed duplex/maisonette, with parking and communal garden with the accommodation extending to about 145 m2 (1,560 ft 2)
- The ground floor commercial/retail unit extends to about 106 m2 (1,140 ft 2)
Projected total rental income circa £40,000-£42,000 per annum on a residential letting basis including the commercial unit.
Available with no onward chain.
Services
We understand that mains water and electricity is connected to the property.
Current Rateable Value (Bank & Premises) £13,250 per annum. This would be assessed based on ground floor only if the apartments are to be used residentially.
Planning information:-
Tenure: Freehold
Multiple options, including possible title split or rental accommodation.
Planning consent granted in July 2025 for the conversion of the former bank to a retail unit & 2 residential flats together with retention and refurbishment of 1 flat, as follows:-
- Ground floor 2 bedroomed apartment with 1 parking space and use of the communal garden extending to about 106 m2 (742 ft2)
- First floor front facing 2/3 bedroomed apartment also with 1 parking space and communal gardens, with the accommodation extending to 94 m2 (1,011 ft2)
- First and second floor rear facing 3/4 bedroomed duplex/maisonette, with parking and communal garden with the accommodation extending to about 145 m2 (1,560 ft 2)
- The ground floor commercial/retail unit extends to about 106 m2 (1,140 ft 2)
Projected total rental income circa £40,000-£42,000 per annum on a residential letting basis including the commercial unit.
Available with no onward chain.
Services
We understand that mains water and electricity is connected to the property.
Current Rateable Value (Bank & Premises) £13,250 per annum. This would be assessed based on ground floor only if the apartments are to be used residentially.
Planning information:-
Tenure: Freehold
Property information from this agent
About this agent
Welcome to Michael Adey Property - Estate Agent based in North Devon Are you looking to buy or rent property in North Devon, West Somerset or Exmoor National Park? If so, I can help. I have many years' experience helping clients to sell and find homes in the towns and villages, the coastal and rural communities of this wonderful part of the world, in which I have lived my whole life. So whether you are relocating, investing or looking to buy a second home, I can support you with specialist knowledge and advice on this area’s residential property market – from its flats and houses through to unique homes and smallholdings. Michael Adey Property brings a fresh, dynamic concept to property agency, allying modern marketing methods to the traditional values of expert local knowledge and experience, so you can maximise the value of your property. My office is located in the historic and convenient market town of South Molton. Feel free to look around my website, contact me directly if you would like a chat or request a free, no obligation valuation. Let me showcase your property and help you find your future home.