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Commercial Property for sale

Fore Street, Kingsbridge, Devon

Sold STC 1,424 sq. ft. | £215,000

Property Description

Commercial information

  • 1,424 sq ft (132 sq m)
  • Use class orders: A2 Financial and Professional Services

Key features

  • Available due to relocation. Self-contained maisonette. Ground floor shop with A1 / A2 uses.
  • Immediate vacant possession
  • EPC and RR available on request

Full description

Rare opportunity to purchase or potentially Let a two-storey maisonette and retail premises in the very centre of this busy South Hams town. Only available due to relocation. Self-contained 2/3 bedroom maisonette above. Ground floor lock up shop with A1 / A2 uses. Available with immediate vacant possession. Shop and maisonette available to let together or separately. EPC and RR available on request.

Location - The property is situated within the heart of the town centre in a prime trading position towards the upper end of Fore Street. The town is well represented with a mixture of national and independent retailers. Kingsbridge has a resident population of approximately 4,300 and is situated some 12 miles south west of Totnes and 18 miles south east of Plymouth.

Description - The property comprises an attractive Grade II listed three storey mid-terraced period building providing a self-contained ground floor lock-up shop with main sales area, rear office, store, kitchen and w/c facilities.

The maisonette on the first and second floors is self-contained with access from Fore Street through the passageway known as Leigham Terrace, as well as access internally from the rear of the ground floor shop.

The accommodation provides 2/3 bedrooms, living room, fitted kitchen/diner and bathroom. The first floor is heated by way of gas-fired central heating. There is a small timber decked balcony to the rear of the first floor providing outside seating.

EPC and Recommendation Report available on request.

Accommodation - Ground floor
Net frontage: 3.8m / 12'6"
Gross frontage: 5m / 16'5"
Net internal floor: 58.3 sq m / 630 sq ft

Maisonette
First floor
Kitchen/diner: 12.5 sq m / 135 sq ft
Bedroom 3: 15.3 sq m / 165 sq ft
Bathroom: Unmeasured
Living room: 22.1 sq m / 238 sq ft

Second floor
Bedroom 1: 15.52 sq m / 167 sq ft
Bedroom 2: 8.24 sq m / 89 sq ft



Planning - The property has planning permission for Class A2 (Financial & Professional Services) together with permitted rights for Class A1 (Retail) and residential for the upper parts.

Leasehold Option - Alternatively our clients will consider the letting of the shop and maisonette together or individually.

SHOP: Available by way of a new lease for a minimum term of 5 years on a contributory full repairing and insuring basis at a rent of £12,500 per annum.

MAISONETTE: Available on an Annual Shorthold Tenancy at a rent of £600 pcm (£7,200 p.a.).

Rateable Value - The property has the following rates assessment from the Valuation Office web site:

Ground floor shop premises
Rateable value: £8,700
Rates payable 2015/16: £4,176

Maisonette
Council Tax banding A

Vat - All figures within these terms are exclusive of VAT at the prevailing rate where applicable.

Viewing - Strictly by appointment through the joint sole agents:

Stags
Contact: Christopher Kivell
Tel: 01548 853131
Email: kingsbridge@stags.co.uk

Stratton Creber Commercial
Contact: Damian Cook
Tel: 01392 202203
Email: damian@sccexeter.co.uk

These particulars are a guide only and should not be relied upon for any purpose.


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