0 Bed Retail Property (high Street) For Sale

LOCATION

The premises are located on Brook Street in a good secondary trading position opposite the main co-op supermarket and car park.



DESCRIPTION

The premises comprise a mid-terraced property of traditional construction comprising a self-contained ground floor shop with rear storage and a toilet. The upper floor comprises a self contained flat which has been sold off.



ACCOMMODATION (All areas are approximate)

Ground Floor Shop 45.3 sq.m. (488 sq.ft.)



ENERGY PERFORMANCE CERTIFICATE (EPC)

Energy Performance Certificate - Band E - Rating 112

Please ask for more information or go to our web site.



SERVICES

It is understood that the property benefits from mains water, drainage and electricity.



TENURE

The premises are held Freehold subject to a lease of the ground floor shop to Perwer Husseini for a term of 6 years from the 1st March 2023 at a current passing rent of £10,020 per annum. There is a rent review due on the 1st March 2026. The upper floor is sold off on a 999 year lease and includes the rear garden.



PRICE

Offers in the region of £120,000 subject to the existing leases reflecting a gross initial yield of 8.35%



RATES

Rateable Value £7,900

Local Authority Reference -

West Devon Borough Council Business Rates -



VAT

We understand the price is not subject to VAT.



LEGAL COSTS

Each party to bear their own legal costs.



For full details clcik on "Brochure" below.



For details of all our properties go to simonpowell.co.uk