Brook Street, Tavistock, Devon Freehold : £320,000
Full Details
LOCATION
A rare opportunity to purchase a 100% commercial investment, well let to Countrywide Estate Agents who have been in occupation and trading from this site as Fulfords since 2005.
Tavistock is an ancient stannary market town situated within the Dartmoor National Park.
The towns population is around 12,000 approx. and is a very important business and tourist centre on the south west edge of this area of outstanding natural beauty.
The main shopping area has a good mix of national (including Costa Coffee, Boots etc.) regional, and local traders.
The town is also well served by a fabulous pannier market and the recently refurbished Butchers Hall which further enhances the town retail offer.
The modern and cosmopolitan city of Plymouth lies some 15 miles to the south offering main line rail services and cross channel ferry links.
ACCOMMODATION
Ground Floor 50.62m² approx. inc kitchen
First Floor 27.30m² approx. exc WCs
Outside 2 car spaces
TERMS
Lease
A new continuation lease for 10 years from 29th September 2016 subject to a 5 yearly rent review on effective full repairing and insuring terms.
Rent £22,000 pa exclusive.
Break Clause The lease provides for a tenant only break clause on 6 months notice either on the 29th September 2018 (not implemented) or the 29th September 2021, the same date as the review.
Price Offers invited on £320,000 which equates after 6% costs of acquisition to an initial yield of 6.48% approx.
EPC Awaiting.
VAT
All figures quoted are exclusive of VAT whether chargeable or not. Interested parties are recommended to establish VAT implications before entering into any agreement.
VIEWING
Viewing by appointment only please WAYCOTTS COMMERCIAL 01803 403060
