54 Fore Street AND 1-6 Chapel Place, Ivybridge, PL21 9AE
Size
1,560.77 - 3,379.86
Tenure
Freehold
EPC
Parking
1
- Primary use
- Other
Key features
- New 10 year term from September 2026 to existing Tenant of the shop on Full repairing and Insuring terms
- Butchers with large warehouse and preparation area to rear plus parcel of land
- Two bed flat at First floor let on an AST
- Gross rental income of £27,300 (£19,500 shop / £7,800 flat)
- Sale of whole at £375,000
Description
The unit comprises of a retail area trading as a butchers with counter, preparation area and warehouse to the rear. The warehouse area is served by twin doors and vehicular access over a shared driveway to the east elevation.
The Demised premises are described in the existing lease date 12 November 2019 between P & J Bryant Limited and FTB Lawson Limited as assigned to Richard and Melanie Pollard. A new 10 year lease will commence on the 15th September 2026, immediately after thee expiry of the existing lease. The new lease shall incorporate a tenant only break on the fifth year of term and an upward only rent review at the end of the fifth year of the term.
The first flat comprises two bedrooms, lounge, kitchen and bathroom. This is let on the basis of an Assured Shorthold Tenancy at £650 pcm.
In addition to the premises we have been instructed to dispose of a parcel of land at the rear property of approximately 0.07 acre in size.
Ivybridge is a popular town in Devon, situated on the southern boundary of Dartmoor National Park. The property is prominently situated on Fore Street opposite to the entrance of Glanville’s Shopping Centre and nearby occupiers include Co-operative Food, Lloyds Bank and other small to medium sized retailers and operators.
Ivybridge is a small town of 12,500 people located 9 miles east of Plymouth. It is linked to the A38 Devon Expressway, which provides good access to the A30 and M5 Motorway network in Exeter.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
- No
- Business for sale
- No
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- Environmental description
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About Sanderson Weatherall, Plymouth
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Disclaimer - Property reference 353241-1. 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 Sanderson Weatherall, Plymouth . 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.