Get brand editions for Wilkinson Grant & Co, Topsham

Retail Property (high street) for sale

Topsham, Exeter

Sold STC £145,000

Property Description

Key features

  • Freehold Investment opportunity
  • Currently let to a passing rental of 10,000 per annum
  • Return of approximately 7%
  • Long established tenant currently on a 3 year lease

Full description

Tenure: Freehold

Description

A rare opportunity to purchase the freehold interest in a three story period building comprising a retail unit on the ground floor with a separately accessed long-leasehold maisonette over. The retail unit is let on a 3 year lease to a long established and thriving independent carpet retailer, Carter-Derrick and produces £10,000 per annum.

Situation

Topsham remains an estuary town of nationwide renown, reflected in its characterful period cottages and houses, which are perfectly blended with a range of more modern homes. Its excellent amenities include a splendid individual-styled parade of shops, churches, restaurants, several pubs and a school, as well as a bowling and sailing club. There is also a frequent bus service and a train link offering quick access to Exmouth and Exeter (where there are main line services to London and Cornwall). Topsham is only 6 miles from Exeter Airport with regular flights to City Airport as well as many other destinations. The town was listed in the 11th Century Domesday Book as 'Topeshant' and flourished as an estuary port for nigh on five centuries. Topsham also became world-renowned for ship-building, reaching its zenith between 1750 and 1870.

Directions

From the office of Wilkinson Grant turn right and continue along Fore Street. Number 36 is along on the right hand side occupied by Carter-Derrick Carpets.


OTHE ACCOMODATION COMPRISES: 
Shop depth 8.0m Shop width max 5.5m narrowing to 3.57m Total shop area 38.6 sq metres

THE TENANT 
The shop is tenanted by Carter-Derrick Carpets (www.carter-derrickcarpets.co.uk) established as a fully independent carpet retailer in 1996 and remains as many people will say 'a proper carpet shop'. The proprietor has been in the carpet trade for over forty years, having qualified through a four year apprenticeship with the acclaimed Mark Rowe/Maples furnishing group and spent many years as an independent consultant for several multi-national groups.

RATES 
Retail Unit RV £9300.

More information from this agent

Nearest stations

  • Topsham (0.1 mi)
  • Exton (1.3 mi)
  • Newcourt (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Wilkinson Grant & Co, Topsham

72-73 Fore Street Topsham EX3 0HQ

01392 799061 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Topsham (0.1 mi)
  • Exton (1.3 mi)
  • Newcourt (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Wilkinson Grant & Co, Topsham

72-73 Fore Street Topsham EX3 0HQ

01392 799061 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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