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2 bedroom retail property (high street) for sale

West Street, Tavistock, Devon, PL19

£250,000

Property Description

Key features

  • TRADITIONAL BAKERS / CONFECTIONERS
  • AVAILABLE FREEHOLD OR ON LEASE
  • TWO / THREE BEDROOM ACCOMMODATION

Full description

Tenure: Freehold

Well located in the centre of Tavistock, a busy market town on the western fringe of the Dartmoor National Park, some 15 miles north of Plymouth.

Double Fronted Shop (approx. 19' frontage - 296sq.ft.). Good Sized Bakery (approx. 600sq.ft.). Additional Preparation Room. Four Storerooms.

Outside:- Yard at rear with parking for up to six vehicles.

Accommodation:- Flat above - Living Room. Two Bedrooms. Bathroom. Additional Dormer Bedroom on the second floor.

The business is old established and has been in the present family for some 50 years.

We are advised that current Sales are averaging around £2,300 weekly but it is considered the potential is for a far higher figure under new ownership with renewed interest and vigour. 70% Retail Sales, the balance Wholesale supplies to local Cafés and College. Books & Accounts available for inspection.

PURCHASE OPTIONS

Price required for the Freehold property together with goodwill, fittings, fixtures, utensils, plant and equipment:- £250,000 STOCK EXTRA AT VALUATION - OFFERS INVITED

OR

A new Full Repairing & Insuring Lease will be granted for a term of 15 years at a commencing rent of £14,000 per annum exclusive of rates and subject to 5 year reviews. On this basis price required for goodwill, lease, tenant's fittings, fixtures, utensils, plant and equipment:- £39,500 STOCK EXTRA AT VALUATION - OFFERS INVITED


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