Retail Property (High Street) Let in Teignmouth, TQ14
| Reference | 41384 |
| Address |
12 Bank Street, Teignmouth, TQ14 8AL (Map Location) |
| Beds | 0 |
| Baths | 0 |
| Type | Retail Property (high street) |
| Tenancy | Long term |
Probably the most prominent business location in Teignmouth for “aspiring” estate agents or lettings business. Ongoing lease available from 1st June 2018.
Description
Probably the most prominent business location in Teignmouth for “aspiring” estate agents or lettings business. Ongoing lease available from 1st June 2018.
Very successful Estate Agency premises
Highly visible & established location
Permitted A1/A2 planning use
7 years left of 10-year renewable lease
Premier Coastal Town
On crossroads of primary retail area and main road into town
Current estate agency business trading from the premises
413 square feet of services / retail space
Available from 1st June 2018
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 the 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 prominent 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.
An incoming tenant will need to provide the usual bank and trade references for freeholder's approval.
SERVICES
Mains electricity, water and drainage
RATEABLE VALUE
£15,250 UBR, as of April 2017, 47.9p in the £. The Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however all applicants should make their own enquiries via the Valuation Office or website regarding this figure.
VAT
No VAT payable. All interested parties should make their own enquiries of HMRC.
EPC – rated C