For Sale 9 North Street, Ashburton, Devon, TQ13 7QJ
For sale 9 North Street, Ashburton, Devon, TQ13 7QJ
Retail investment for sale
Viewing by prior appointment Situated in the heart of the town centre and close to the with Simon Greenslade main car park
(01392) 202203 Approx: 962 sq ft / 89.37 sq m [email protected] Excellent covenant
Price: £250,000
strattoncrebercommercial.co.uk 9 North Street, Ashburton, Devon, TQ13 7QJ strattoncrebercommercial.co.uk
Location Viewing & Further information The property is situated in a sought-after prime position Strictly by appointment through the sole agents: within the heart of the town centre. Ashburton is a vibrant town lying on the southern boundary of Dartmoor and just Stratton Creber Commercial 20 Southernhay West, Exeter, EX1 1PR off the A38 Devon Expressway between Exeter and Plymouth. Contact: Simon Greenslade The town attracts a great deal of tourists during the summer Tel: (01392) 202203 months and is the local shopping centre for numerous Email: [email protected] outlying villages and rural communities. The town has also gained a reputation as an antiques centre which brings in all year round visitors.
Description The property is a Grade II Listed and comprises a ground floor lock up shop with main sales area and rear storage/ office and staff facilities. There is also a courtyard overlooking the river Ashburn providing the opportunity for an outside decked seating area.
Accommodation The property comprises the following approximate floor areas: Sales area: 812 sq ft / 75.47 sq m
Staff area/kitchen/store
& w/c facility: 149 sq ft / 13.9 sq m
Total net area: 962 sq ft / 89.37 sq m
Tenancy Let on assignment (January 2019) to Children’s Hospice South West charity at £18,000 per annum on effectively full repairing terms (except external decorations) on a lease to expire in 2025. The rent is subject to review in September 2020.
The tenant has an option to break in September 2020.
Tenure Freehold subject to the ground floor occupational lease and the first and second floor residential long lease to be granted for a term of 999 years on effectively full repairing and insuring terms at a peppercorn rent.
Price The freehold interest is available at £250,000 subject to contract. This price equates to a net initial yield of 7% after an allowance of normal purchasers costs of 2.71%.
Energy Performance Certificate (EPC) Not required as the building is Grade II listed.
VAT The property is not registered for VAT.
Legal Costs Both parties to bear their own legal costs in the transaction. 9 North Street, Ashburton, Devon, TQ13 7QJ strattoncrebercommercial.co.uk
Stratton Creber Commercial for themselves and for the Vendors or Lessors of the property whose Agents Exeter Office they are, give notice that::
20 Southernhay West, Exeter, EX1 1PR The particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute part of, an offer or contract; T: (01392) 202203 All descriptions, dimensions, reference to condition and necessary permissions for use and occupa- F: (01392) 203091 tion, and other details are given without responsibility and any intending purchasers or tenants E: [email protected] should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to each of them; No person in the employment of Stratton Creber Commercial has any authority to make or give any representation of warranty in relation to this property.