ABOUT THE PROPERTY
The Old Bank represents a unique commercial opportunity located in the heart of South Molton. Unusually, the building is not listed and is entirely freehold. As the name suggests, the property was the former Midland Bank which launched in 1923 as a replacement to an earlier Georgian dwelling and ceased trading as HSBC in 2016. The property was intensively engineered to cater for a high security bank. In more recent years, The Old Bank has been ran as a family antiques business, although there is undoubtedly scope for alternative uses and business options, such as a restaurant, café or wine bar and there may also be scope for enlargement or to part convert/create a residential element to the building, subject to any appropriate change of use/planning approval.
The property enjoys a South Facing aspect in one of the most prominent positions within the town. The premises is entered via a large solid timber front door to an entrance hall and large retail area with three impressive sash windows providing tremendous natural light. Behind the main room is the former bank vault, rear hall with stairs to first floor, store room and access to the rear entrance lobby with toilets and store room off. On the first floor is a staff kitchen and further WC.
For layout and approximate room measurement please see the enclosed floorplan.
South Molton itself offers an excellent range of everyday services including shops, schools, restaurants, and a bank, together with a Sainsbury’s supermarket, health centre, recreational facilities and cottage hospital.
SERVICES & OUTGOINGS
The property is served by all mains services, including a gas fired boiler providing the central heating system and domestic hot water.
North Devon Council - Small Business Rate Relief.
Rateable Value:- (2017-Present) £10,500 per annum.
Current Use Class:- A1 & A2. Potential for change of use to Class A3 (Restaurants and Cafes) Subject to prior approval.
Tenure - Freehold with vacant possession.
Commercial EPC Rating - F
The property is located in the centre of South Molton’s town square.
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