Newton Abbot
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- SIZE
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- SECTOR
Mixed use property for sale
Key features
- Fully Let Mixed Use Investment in the Heart of Newton Abbot
- Gross Rental Income Currently £59,685 Per Annum
- Comprising 6 Self-Contained Residential Flats & 2 Commercial Units
- Great Income Spread to Mitigate Investment Risk
- Well Managed & Secure Rental Income Opportunity in a Thriving Location
Description
Sun Court occupies a prominent corner position on Wolborough Street, a pedestrianised retail parade in the heart of Newton Abbot town centre. Wolborough Street links directly to Courtenay Street, the town’s prime retail location and is home to a mix of national independent traders including Austins Department Store, as well as numerous retailers, catering outlets and professional service providers.Newton Abbot is a thriving market town, with a population of approximately 30,000. Well located in South Devon and serving much of Southern Dartmoor as a catchment, the town has mainline railway links and immediate dual carriageway access, linking the town to the M5 at Exeter. Sun Court is a corner located, three storey building of traditional construction arranged as a ground floor retail fronted office unit occupied by a long standing tenant trading as a Letting Agent, with a further commercial retail unit to the side of the property and six self-contained residential flats - 4 x studio flats and 2 x 1 bedroom flats.
GROUND FLOOR
16 WOLBOROUGH STREET
Aluminium shop front and door.
RETAIL UNIT
50.17m2
STORE ROOM
5' 8'' x 19' 8'' (1.72m x 6m)
10.32m2
KITCHEN
REAR UNIT, SUN COURT
Accessed along service road at the side.
Door to lobby leading to:
GROUND FLOOR
32' 10'' x 16' 5'' (10m x 5m)
50m2
Sliding door. Stairs to:
FIRST FLOOR
40' 8'' x 16' 5'' (12.4m x 5m)
62m2.
Compartmentalised offices.
SECOND FLOOR
OFFICE
15' 9'' x 18' 4'' (4.8m x 5.6m)
26.88m2.
RESIDENTIAL APARTMENTS
Accessed off the side service road. Door to shared lobby. Stairs to:
FIRST FLOOR
FLAT 1
Studio Apartment with separate Kitchen and Shower Room.
FLAT 2
Studio Apartment with separate Kitchen and Shower Room
FLAT 3
1 Bedroom Apartment with separate Living Room, Kitchen and Shower Room.
SECOND FLOOR
FLAT 4
Studio Apartment with separate Kitchen and Shower Room.
FLAT 5
Studio Apartment with separate Kitchen and Shower Room.
FLAT 6
Studio Apartment with separate Kitchen and Shower Room.
TENURE
TENURE
The property is for sale freehold, subject to the Occupational Leases and Assured Shorthold Tenancies.
Carrick Johnson Management Services - A long term occupier, currently in the process of renewing their Full Repairing & Insuring Lease for a period of 3 years, at a rent of £17,325 per annum.
Side Retail Unit - Let for 5 years from 2022 at a rent of £4,800 per annum.
RENTS
UNIT RENT PER MONTH RENT PER ANNUM
1 Sun Court/Office £17,325
Rear Retail/Offices £4,800
Flat 1 £550 £6,600
Flat 2 £435 £5,220
Flat 3 £575 £6,900
Flat 4 £550 £6,600
Flat 5 £525 £6,300
Flat 6 £495 £5,940
TOTAL £59,685
BUSINESS RATES & COUNCIL TAX
All residential units are all Band A rated for Council Tax.
16 Wolborough Street - Rateable Value - £13,500.
1 Sun Court - Rateable Value - £6,600.
EPC RATINGS
Flat 1 - E.
Flat 2 - E.
Flat 3 - E.
Flat 4 - C.
Flat 5 - E.
Flat 6 - C.
Commercial - Awaited.
LEGAL COSTS
Each party are to bear their own legal costs incurred in any transaction.
VIEWING
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.
Interested parties are requested to be respectful of the tenants ongoing businesses and quiet enjoyment.
Energy Performance Certificates
Energy Performance CertificateBrochures
Newton Abbot
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newton Abbot Station0.6 miles
- Torre Station4.9 miles
- Torquay Station5.6 miles
Notes
Disclaimer - Property reference 12759323. 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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