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Auction Lot: Consol Tanning Investment, Newton Abbot, Devon

Guide Price
£195,000

Business rates & charges may apply

Charles Darrow, Devon
SIZE

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SECTOR

Commercial property for sale

Key features

  • Our Ref: CD-90277
  • Auction Lot
  • Reserve not higher than £195,000
  • Town centre freehold building
  • Ground floor commercial premises (1173 sq ft, source EPC),
  • Let to Consol Tanning producing £20,000pa
  • Upper parts comprise 4 x self-contained flats (sold off)
  • Producing combined ground rent of £400 pa.

Description

• FH Price: £195,000 Guide Price
The ground floor is let to Consul Tanning Ltd (operating 50+ sites across the UK) for 10 years from 07/09/2018. A tenant-only break clause at 5 years was not exercised and a rent review from 2023 was not actioned. The flats are held on leases for 125 years from 01/05/2022, each producing £100 pa (rising to £200 pa 01/05/2027). We refer bidders to the copy S5B Notices served on the lessees who have not taken up their rights.
The 3D tour can be viewed here:

Auction Lot: Consol Tanning Investment, Newton Abbot, Devon

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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Newton Abbot Station0.3 miles
  • Torre Station4.8 miles
  • Teignmouth Station5.1 miles

About Charles Darrow, Devon

12 St. Pauls Road, Newton Abbot, Devon, TQ12 2HP

Charles Darrow was established by Jon Clyne and Paul Heather as an opportunity to use their extensive knowledge and experience to create a commercial property agency that is straight-talking and offers a more personal service. After many years working in a corporate environment, they found, that following the recession less staff and increased caseloads meant it was not possible to give people the best service.

Our team at Charles Darrow pride themselves on being friendly and professional, with regular communication and high quality service being at the heart of what we do. With over 50 years of combined experience providing specialist property advice throughout the South West, we have created a bespoke service that treats our clients as individuals and achieves results. Charles Darrow has now also successfully expanded into Barnstaple to provide brokerage and advisory services in the local area and throughout the region.

We create marketing packages tailored to our clients that utilises email, the internet and social media as well as more traditional methods. By creating maximum exposure, we can make sure you stand out from the crowd.

Notes

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Disclaimer - Property reference 34227. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Charles Darrow, Devon. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Charles Darrow, Devon on 01626 242917.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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