Tiverton, Devon

£11,500 Per Annum plus VAT
Bed
Bathrooms
  • Prominent retail unit
  • Ground floor - 996 sq ft (92.6 sq m)
  • Basement - 308 sq ft (28.65 sq m)
  • Popular trading position close to Market Walk shopping precinct
  • New Lease immediately available

Full Property Details

To Let at £11,500 per annum

Prominent retail unit

Ground floor - 996 sq ft (92.6 sq m)

Basement - 308 sq ft (28.65 sq m)

Popular trading position close to Market Walk shopping precinct

New Lease immediately available

Tiverton is a busy market town with a population of approximately 22,000 and with a further rural catchment population of about 20,000. The town lies on the A361 North Devon Link Road to the North Devon coast and thus during the summer months attracts many tourists.

The premises are situated in the town centre in a good central trading location close to the Market Walk Shopping Centre and Car Park. Nearby occupiers include Fox & Sons Estate Agents, BetFred, Peacocks Clothing, the Post Office and Costa Coffee amongst other independent national and local retailers.

The premises are located within the heart of the town centre in a good secondary trading position close to the Market Walk shopping centre and car park.

Nearby occupiers include BedFred, Peacocks clothing, the Post Office and Costa Coffee amongst other independent and national retailers.

The property comprises a ground floor lock up shop with main sales are and ancillary office storage area to the rear. In the basement there is a store, staff w.c. facilities and a kitchen. The ground floor benefits from wood laminate floors and night storage heating through the accommodation. there is also an internal security shutter to the front display window.

There is the benefit of one parking space to the rear.

Accommodation

The following areas and dimensions are approximate and based on a net floor area:

Gross frontage: 23'4" (7.10m)

Net frontage: 18'6" (5.64m)

Ground floor sales area: 452 sq ft (42.01 sq m)

Ground floor ancillary/office/store: 544 sq ft (50.59 sq m)

Basement: 308 sq ft (28.65 sq m)

Total: 1,304 sq ft (121.25 sq m)

Lease Terms

The premises are available on a new lease for a term to be agreed.

The lease to be drawn on a contributory full repairing and insuring basis.

Rent

£11,500 per annum, exclusive of rates.

Rateable Value

Rateable value: £15,500

Rates 2017/2018 £7,444. Interested parties may be eligible for small business rates and should make their own enquiries via Mid Devon District Council for confirmation. Telephone 01884 255 255.

Planning

The property has the benefit of Class A1 Retail and has the potential for other uses to include A2 (Financial and Professional Services) and A3 (Restaurant) subject to the necessary planning consent.

Energy Performance Certificate (EPC)

An EPC has been produced and the rating is D (87)

VAT

All figures are exclusive of VAT where applicable.

Legal Costs

Each party to pay their own legal costs incurred in the transaction.

Note: The freehold interest to include the adjoining shop (No 40) and the 4 flats above sold off on a long leasehold interest at a peppercorn rent is available at a guide price of £235,000.

Further details are available from the Agents

Viewing and further information

Strictly by appointment by the sole agents

Seddon Estate Agents of 8 Fore Street, Tiverton, Devon EX16 6LH

Contact: Nick Seddon

Telephone: 01884 253500

Email: tiverton@seddons.com.

OR

Stratton Creber Commercial, 20 Southernhay West, Exeter EX1 1PR

Contact: Damian Cook MRICS

Telephone: 01392 202203

Email: damian@sccexeter.co.uk

Please see the floor plan for the dimensions. The internal photos have been taken with a wide angle lens to show more of the rooms.

Property Location Map

Floor Plan

Property Floor Plan

EPC

EPC