Teignmouth

Town Centre Ground Floor Retail Investment Opportunity. Occupied by Children's Hospice South West - 6 Year Lease Renewal Agreed.

Teignmouth is an attractive and well-established South Devon coastal town situated on the mouth of the River Teign, benefiting from a strong local economy supported by tourism, retailing and residential growth.Teignmouth continues to benefit from a resilient local retail market supported by a combination of permanent residents, tourism and a growing South Devon catchment. The town enjoys relatively low retail vacancy levels compared with many similar coastal locations and continues to attract a range of independent retailers, cafés and service providers. Bank Street forms one of the town's principal retailing pitches, linking the town centre shopping area with the seafront and surrounding commercial districts. The immediate area comprises a mix of local retailers, cafés, service businesses and national occupiers, generating consistent year-round footfall supplemented by significant seasonal tourism. The property occupies a highly visible position within the heart of the town centre and benefits from excellent accessibility together with strong surrounding occupier representation. The property comprises a ground floor retail investment forming part of a traditional mid-terrace town centre building. The accommodation provides well-presented retail sales space with an attractive aluminium glazed shop frontage and open-plan trading area. Ancillary accommodation includes a kitchenette and WC facilities to the rear.  The premises have been fitted to a good standard in line with their current retail use. The property offers investors the opportunity to acquire an affordable freehold commercial investment within a popular South Devon coastal town.