20 West Street, Tavistock From £250,000 (Freehold)

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Full Details

Situated in the ever popular West Devon market town of Tavistock.

Straddling the River Tavy, the farm has its origins in the 10th century although the farm you see today is mainly of Victorian remodelling as a result of wealth created by mining operations nearby by the Duke of Bedford. The central area of Tavistock is Bedford Square with its famous panier market and eclectic mix of national, regional and local retailers occupying the roads that lead off.

The subject property is situated on the left leaving the town although easily walking distance to all facilities.

 

Accommodation

Measurements taken from VOA rating valuation:

Ground Floor Retail Area 30.9m²

Storage WC & wash hand basin

8.0m² Total 38.9m² (419sq ft)

 

Maisonette

Self contained entrance and tiled hallway with under stairs storage, stairs to large living room, very well fitted kitchen, bedroom, shower room WC with wash hand basin, stairs to attic style open plan second bedroom and an office/workspace.

 

Rates + Council Tax

20 West Street R.V. £8,100pa EPC - tbc

20A Council Tax Band A EPC - D

 

Planning

The ground floor has had hot food takeaway approval which now as of 1st September 2020 a Sui Generis use following the reallocation of other planning uses.

 

Tenancies:

Ground Floor 21 years from 1 May 2013 subject to 5 yearly upward only reviews. The lease was originally for the whole property but a deed of assignment and release dated 6 July 2018 released the residential part back to the landlord with rent payable for the commercial part at £800pcm (£9,600pa) from 1st October 2018. The next rent review for the shop will be 1st May 2023.

Maisonette The premises are let on an assured shorthold tenancy at £650pcm. We are currently awaiting a copy of the new agreement which was completed in summer 2020 and believed to be for 12 months.

Price
Offers in the region of £250,000 reflecting an initial yield of 6.96% before costs.

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WAYCOTTS (DEVON) LIMITED Trading as WAYCOTTS

41 Houndiscombe Road, Plymouth, PL4 6EX

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