Description
A freehold, mixed-use premises in the heart of Tavistock with a terraced rear garden, offering potential for refurbishment, remodelling or redevelopment, subject to any necessary consents. Retail Unit on the Ground Floor; Very Sizeable 3/4-bed Maisonette; Various Other Potential Uses (STP); Strong Town Centre Location; Freehold - Vacant Possession; Council Tax Band: A; EPC Bands: D & C.
Situation - The building is located in a prominent position in the heart of Tavistock, amongst a number of well-regarded shops, bars and restaurants, including Tavistock's popular and notable Cornish Arms Inn, which sits directly opposite. The property is also within a short walk of Tavistock's principal high street and Bedford Square, Pannier Market and the bus station, as well as the Wharf Art and Entertainment Centre, and Meadowlands Park and Leisure Centre.
Tavistock is a thriving market town in West Devon, rich in history and tradition dating back to the 10th century, and famed for being the birthplace of Sir Francis Drake. Today, the town offers a superb range of shopping, recreational and educational facilities, whilst the largely 19th-century town centre is focused around the Pannier Market and Bedford Square, in which regular farmers' markets are held. Plymouth, some 15 miles to the south, offers extensive amenities. The cathedral city of Exeter lies some 40 miles to the northeast, providing transport connections to London and the rest of the UK via its railway links and the M5 motorway.
Description - An opportunity has arisen to acquire the freehold interest of one of Tavistock's more recognisable and individual town centre premises.
Believed to date to the mid-17th century, the three-storey, slate-clad building is Grade II Listed and arranged as a large commercial premise on the ground floor with an extremely sizable 3/4-bedroom maisonette across the first and second floors, together with a stepped garden at the rear. The commercial premises has historically traded as a popular and successful restaurant, although following the owner's retirement some years ago, it has been more recently used for retail, and a number of different possibilities and options still exist. The flat has scope for refurbishment and restoration, although other options, including the division of the accommodation into several units and the remodelling of the entire three-storey layout, may be possible, subject to any necessary consents and approvals.
Residential - The residential accommodation spans the first and second floors, comprised as follows: a large front-facing reception room centred around a marble fireplace with a log burning stove; a fitted kitchen; a standalone bathroom; a large further reception/fourth bedroom with a door out to the rear garden; three WCs, formerly ladies' and gents' facilities for the restaurant; two large second-floor double bedrooms; a third, single bedroom, and; a second bathroom.
Commerical - The commercial element occupies the ground floor of the building and is arranged into a front sales area with a full-height window, a rear sales area, a small walk-through store, and a further large storage area, formerly the commercial kitchen. At the far end is a door out to a small courtyard.
Outside - Granite steps lead up to the entrance above street level. At the rear, at first-floor level, are steps leading up to a good-sized, terraced garden which requires clearance but offers very good potential. Please note that there is no parking with the property.
Services And Outgoings - Mains water, electricity, gas and drainage are connected. Gas-fired central heating to the apartment, as well as night storage heaters. Ultrafast broadband is available. Mobile voice/data services are available through all four major providers (Source: Ofcom's online service checker). Please note that the agents have neither inspected nor tested these services. The Rateable Value is £6,200 per annum (VOA website). Council Tax Band A. EPC Bands: Maisonette D, Shop C.
Tenure - The building is currently let, as a whole, to the existing occupiers with a passing rent of £18,000 per annum exclusive. The occupants are in the process of vacating, and so the building is being offered with vacant possession upon completion.
Viewings And Directions - Viewing is strictly by prior appointment with the vendors' sole agent, Stags. The shop is still trading. The What3words reference is ///mash.orange.star.
