Dartmouth
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Dartmouth Riverfront Commercial Investment Property
- Ground Floor Commercial Unit Let to Yorkshire Building Society
- Let on a 10 Year Lease from December 2020
- Rental Income of £25,000 Per Annum
- Secure Income with Strong Covenant
Description
The property is prominently located on the South Embankment, Dartmouth, overlooking the River Dart. Nearby occupiers include a wide variety of national and independent retailers, professional services and leisure operators. The Yorkshire Building Society is a longstanding tenant, having been in occupation since 1980, making this an excellent investment opportunity in one of the most desirable locations. The residential property above has been sold on a 999 year lease.
GROUND FLOOR
With customer service area, 2 internal offices, staff cloakroom and kitchen.
TENURE
The property is to be sold freehold, subject to the commercial occupational lease and the residential lease which has a term of 999 years from 1981.
The ground floor is let to Yorkshire Building Society at a rent of £25,000 per annum.
The lease has repairing and insuring obligations with a term of 10 years from December 2020.
There is a tenant only Break Clause on 25th December 2027 with 6 months written notice.
LEGAL COSTS
Each party are to bear their own costs incurred in any transaction.
EPC RATING E
VIEWING
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.
All interested parties are politely requested to respect the tenants' quiet enjoyment of the property.
Energy Performance Certificates
Energy Performance CertificateBrochures
Dartmouth
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Paignton Station5.8 miles
Notes
Disclaimer - Property reference 12755227. 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 Bettesworths, 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.
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