Description
Ground Floor Retail Shop
Situation - Totnes is an historic market town in the South Hams area of South Devon. The town centre offers an excellent range of shops, amenities and leisure facilities and many popular restaurants. Totnes has a mainline railway station on the Penzance to Paddington line.
Fore Street and High Street consist of the prime retail area of the town.
Description - Located towards the top end of High Street, the property sits within a mix of traders. The property comprises a ground floor retail unit currently let to Oxfam on the remainder of a 15 year lease from 2015. There are two flats above which are sold off on long leaseholds.
Accommodation - Ground Floor Shop comprising of main retail area 43.8 sq m plus office/kitchen area, W.C and storage area. Total floor area 76.5 sq.m.
Tenure And Leases - Ground Floor Shop - Let on the reminder of a 15 year lease from 19th March 2015 to Oxfam UK. Passing rent £10,750 per annum.
First and Second Floor Flats - Leases expire 25.03.2029.
Ground rent £40 per annum per flat.
Epc - The ground floor shop has an EPC of C
https://find-energy-certificate.service.gov.uk/energy-certificate/6424-0186-0585-6449-9748
Viewing - Viewing by prior appointment with the Agents, Stags Commercial
Tel 01803 865116 or Email Commercial@stags.co.uk
Rateable Value - We have been informed that the property has the following rateable value: 2023 List - £10,250.
Please note this is not rates payable.
For further information please contact the local billing authority, Torbay Council.
Freehold Sale - The sale of the freehold is offered subject to the existing tenancies at a guide price of £140,000.
