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For sale
£250,000Guide price

Chapel Street, Tiverton, EX16 5DF

Studio
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Listed 28 Sept 2026 · Tiverton

How the price compares

This home£250,000
Median studio in Tiverton£250k1 homes listed
Difference0%in line with the area

Key features

  • FOR SALE OR TO LET
  • Workshop / Commercial Unit
  • Lease-to-Purchase Opportunity
  • Substantial unit of approx 2300 sq.ft
  • 6000 sq.ft yard for parking and sales
  • Redevelopment potential
  • Just off the town centre

About this home

Rent-to-buy considered. Part of the rent may be credited towards a future purchase. Available for sale or to let, this established vehicle workshop and MOT centre is offered to the market following retirement, presenting an excellent opportunity for occupiers and investors.

A rare opportunity to acquire or rent a substantial commercial unit with a long and successful history as a vehicle repair workshop and MOT testing station. Following the owner's retirement, the property is now available, presenting an excellent opportunity for business operators and investors alike.

Occupying a convenient position close to Tiverton town centre, the property provides approximately 2,300 sq ft of workshop accommodation together with office and welfare facilities, and a generous yard extending to approximately 6,000 sq ft, offering ample space for parking, storage, vehicle display, or a variety of commercial uses. The property has a well-established trading history, having operated as a successful MOT testing station and vehicle repair workshop for many years.

The property is available for sale or to let, providing flexibility to suit a range of occupiers and investment requirements.

A particularly attractive feature is the vendor's willingness to consider a lease-to-purchase arrangement. This flexible approach may allow an incoming occupier to secure the premises immediately whilst working towards ownership, with a proportion of rental payments potentially being credited against the agreed purchase price. The purchase price and terms would be negotiated and agreed at the outset, providing clarity and certainty for both parties. Interested parties are encouraged to contact the office to discuss the available options in greater detail.

A further benefit is the absence of restrictive operating hours, allowing occupiers the flexibility to work later into the evening if required. Historically, the business chose to operate more limited hours out of consideration for neighbouring residents rather than because of any formal restriction.

The property's established trading history, generous external space, operational flexibility, and range of acquisition options combine to create a unique opportunity that is rarely available in the local market.

For further information, to arrange a viewing, or to discuss the sale, letting or lease-to-purchase options, please contact the office.

Services: Mains electricity, water, and drainage.

Business Rates: Rateable Value £16,750 (This is the rateable value for the property. It is not what you pay in business rates or rent. Your local council uses the rateable value to calculate the business rates bill.) Estimated Rates Payable: Approximately £7,236 per annum (subject to any reliefs available and confirmation by the local authority).

Property details

Property type
Ask agent
Council tax band
Exempt
Parking
Yes
Garden
Yes

Floorplan

Floorplan.jpg

Location

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  • Tiverton Parkway Station5.2 mi

What nearby homes sold for

Median sold prices in EX16 over the last 12 months: terraced £215k · detached £415k · semi-detached £260k · flat £140k.

AddressTypeSoldPrice
52 Chapel Street
Tiverton EX16 6BT
Terraced
Freehold
25 Aug 2026£180,000
3 Chapel Street
Tiverton EX16 6BT
Terraced
Freehold
17 Jul 2026£195,000
196 Chapel Street
Tiverton EX16 6EG
Terraced
Freehold
16 Mar 2026£224,000
173 Chapel Street
Tiverton EX16 6EG
Terraced
Freehold
9 Jan 2026£170,000
150 Chapel Street
Tiverton EX16 6DE
Semi-detached
Freehold
14 Nov 2025£172,500
Elmore United Reformed Church, Chapel Street
Tiverton EX16 6BT
Other
Freehold
31 Oct 2025£45,000
107 Chapel Street
Tiverton EX16 6BU
Terraced
Freehold
3 Oct 2025£125,000
119 Chapel Street
Tiverton EX16 6BZ
Terraced
Freehold
15 Aug 2025£190,000
135 Chapel Street
Tiverton EX16 6BZ
Terraced
Freehold
4 Jun 2025£120,000
97 Chapel Street
Tiverton EX16 6BU
Terraced
Freehold
20 Mar 2025£184,000

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in EX16

Buying costs

Monthly repayment£1,251£25,000 deposit · £225,000 loan
Stamp Duty£2,500England rates

Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.

Listed by Seddons, Tiverton on Rightmove (original listing). First listed 28 Sept 2026; details checked 7 Nov 2026. Latest change: added on 28/09/2026.

Agent disclaimer

Disclaimer - Property reference 34961041. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Seddons, Tiverton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.