Shop Sold in Teignmouth, TQ14
| Reference | 41386 |
| Address |
12 Bank Street, Teignmouth, TQ14 8AL (Map Location) |
| Beds | 0 |
| Baths | 0 |
| Type | Shop |
| Tenure | Leasehold |
Probably the most prominent business location in Teignmouth for “aspiring” estate agents or lettings business. Other commercial use possible. Ongoing lease available from 1st June.
Description
THE PREMISES
The premises are a smart ground floor corner retail unit which has for the past 8 years been occupied by estate agents. This location has been a key to their success.
The premises has a ground floor retail area of over 413 ft with a staff cloakroom and storage cupboard. The outgoing estate agents have a four-desk configuration plus seating area. The premises are also ideal for a variety of trades (but excludes catering).
Display windows along both outdoor walls with double doors. Shop blinds replaced some 3 years ago. New roof replaced some 4 years ago. The premises was fully re-wired in 2010. Smart ‘Karndean’ style wood-effect flooring also laid with new floor structure in 2010.
Staff cloakroom with toilet and wash hand basin. Electric points for kettle etc. Shelving.
Free short-term parking spaces close by.
LOCATION
Probably the most visible trading position in the town centre, on the crossroads between the main road serving the town and the main shopping street. Nearby traders include the Co-Operative Supermarket which is open until 10pm Mondays to Saturdays, Costa Coffee, Holland & Barratt, Card Factory and two other estate agents, (both in less prominent locations!).
Teignmouth is a vibrant coastal town with a good housing mix from one-bedroom apartments to large houses enjoying sea and estuary views. Boasting a town centre Waitrose and an edge of town Morrisons supermarkets plus a range of schools, numerous doctors and dentists and all the usual seaside facilities plus a deep-water harbour and golf course. Travel links are excellent being on the main railway line to Paddington and easy access to the M5. The average house price paid is £300,400 with a 2.49% price increase over the last 12 months according to Zoopla.
TENURE
The premises are held on a 10-year renewable lease from June 2015 at a current rent £13,000 per annum which will be assigned.
An incoming tenant will need to provide the usual bank and trade references for freeholder's approval.
Ingoing tenant to pay landlords reasonably incurred lease set-up / transfer fees
SERVICES
Mains electricity, water and drainage
BUSINESS RATES
The Rateable Value is £12,750. We understand from Teignbridge District Council that the amount payable in 2018/19 is £1,530 for this single location.
ENERGY PERFORMANCE CERTIFICATE
Rate “C”
VAT
No VAT payable.