Watch this space - vacant supermarket building has new owner

PUBLISHED: 17:00 17 February 2020 | UPDATED: 15:40 18 February 2020

The vacant retail unit which used to house a Costcutter store. Picture: Clive Emson Auctioneers

The vacant retail unit which used to house a Costcutter store. Picture: Clive Emson Auctioneers

Clive Emson Auctioneers

The former Costcutter convenience store in Ottery St Mary town centre has been sold at auction.

The supermarket at 26 Mill Street has been closed since November 2017.

At the sale on Thursday, February 13, senior auction appraiser Audrey Smith described the atmosphere as 'electric' as investors, developers and potential owner-occupiers bid against each other.

In the end the building sold for £161,000, far above its freehold guide price of £90,000 to £110,000.

The property auctioneers, Clive Emson, have not divulged who the buyer is.

But, with plans under way to regenerate Ottery town centre, there will be a lot of interest in any plan to bring the building back into use.

The Ottery Business Forum has said any tenant, whether commercial or community-based, would be welcome, and if the property is to be used for a commercial venture, the forum will help in any way possible.


If you value what this story gives you, please consider supporting the Sidmouth Herald. Click the link in the orange box below for details.

Become a supporter

This newspaper has been a central part of community life for many years, through good times and bad, serving as your advocate and trusted source of local information. Our industry is facing testing times, which is why I’m asking for your support. Every single contribution will help us continue to produce award-winning local journalism that makes a measurable difference to our community.

Thank you.

Most Read

Comments have been disabled on this article.

Most Read

Latest from the Sidmouth Herald