Retail Property (high street) to rent

Prominent retail premises, part of an established shopping centre situated on Bampton Street with return frontage to Market Walk.

Situation

The property is situated at the entrance to Market Walk Shopping Centre fronting Bampton Street in the town centre of Tiverton. Other occupiers within Market Walk Shopping Centre include Lloyds Pharmacy, Peacocks, The Co-operative and the Post Office. The property is also located close to the town centre market car park and pannier market.

Tiverton is a market town with a resident population of approximately 20,000. The town is situated 6 miles west of junction 27 of the M5, 15 miles north of Exeter and 22 miles southwest of Taunton.

Description

The property comprises ground floor retail shop unit with kitchen and staff toilet at first floor shared with Unit 2.

Accommodation

All measurements are approximate net internal areas as measured in accordance with the RICS Code of Measuring Practice.

Ground Floor

Frontage to Bampton Street - 20' (6.09m)
Return frontage to Market Walk - 24' (7.32m)
Shop depth - 51' (15.55m)
Ground floor sales - 982 Sq.ft (91.23 Sq.m)

Planning

The property has previously been occupied as a shop premises within Use Class A1. Interested parties should make their own enquiries of the Local Planning Authority, Mid Devon District Council. Telephone 01884 255255 or www.middevon.gov.uk

Business Rates

We are advised that the property has a Rateable Value of £19,250 per annum.

Lease Terms

A new contributory full repairing and insuring lease for a terms of years to be agreed.

Rent

Rental for the first year to be £11,500 pa exclusive, thereafter rent to be £23,000 pa exclusive.

Service Charge

A quarterly service charge will be payable. Full details are available from the agent on request.

Services

Mains water, drainage and electricity are connected to the property. We have not tested any of the service installations and any occupier must satisfy themselves independently as to the state and condition of such items.

Viewing

Strictly by appointment with the agent.

Further Information

For further information or to arrange an inspection please contact: Stags, 21 Southernhay West, Exeter. EX1 1PR Tel 01392 680058 Email: commercial@stags.co.uk
OR
Larkman Edgcumbe, 1 Trident Mews, Taunton, TA1 1SL Tel: 01823 323523 Email rwl@larkmanedcumbe.co.uk

Reference: 49166

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