News

Salcombe Gem is Latest South Hams Opportunity

A unique commercial opportunity has arisen in the picturesque yachting town of Salcombe, with mixed-use investment ‘The Sea Chest’ now on the market.

Just a stone’s throw from the waterfront, the prime freehold property comprises a ground floor retail unit with first and second floor office and storage space. In addition, planning permission has been approved with South Hams District Council to convert the first floor into a luxury three bedroomed apartment with additional storage space above.

Offers are now invited in the region of £850,000, through Gavin Sagar.

The property is the latest of a number in the South Hams to be marketed through Stratton Creber Commercial’s Plymouth office.

Agent Gavin Sagar, who lives in Kingsbridge, was formerly a residential agent and spent two years working in Salcombe. As a result, Gavin has been particularly active in the area, with a number of transactions coming to fruition involving a range of tenants, from business start-ups to global retailers.

In Kingsbridge, lettings have been buoyant, with independent accountancy firm Newmans moving into The Anchor Centre in Bridge Street, Salcombe Gin acquiring offices at Doctors Garden, Orchard Industrial Estate, and independent start-up Taylored Games taking a lease at Abbots Quay, Prince of Wales Road.

In nearby Salcombe, 65 Fore Street was let to independent gallery Ocean Publishing, while Norwegian sportswear company Helly Hansen made 74 Fore Street its Devon home.

Gavin says: “It has been a busy time for us in the South Hams and we are delighted to have finalised so many successful deals there.

“While the area remains known primarily for tourism, our recent activities demonstrate a healthy commercial appetite among prospective tenants and investors.

“I am particularly excited about the opportunity presented by The Sea Chest in Salcombe and am sure interest levels will be high for this freehold property with development potential.”

For all enquiries about The Sea Chest, Salcombe, or other South Hams opportunities, contact Gavin Sagar.