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Nos 3 & 5 Fore Street, Kingskerswell, Devon, TQ12

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Nos 3 & 5 Fore Street, Kingskerswell, Devon, TQ12 RETAIL 2 Retail premises, which can be combined, in a prominent location INVESTMENT with 2 Self Contained Maisonettes over, suitable either for owner occupation of all or part or for letting to produce a useful income RESIDENTIAL Excess £395,000 for the Freehold of the whole, (Offers for individual buildings will be considered) Nos 3 & 5 Fore Street, Kingskerswell, Devon, TQ12 5HT RETAIL INVESTMENT RESIDENTIAL SITUATION AND DESCRIPTION This is an unusual opportunity to acquire the freehold of a substantial property in a prominent location in Fore Street in the centre of the Village of Kingskerswell. The property comprises 2 shops on the ground floor, one currently trading as a Post Office and one having previously traded as a café / Coffee bar. Above the premises are 2 self-contained 2 bedroom maisonettes with a garage in the rear shared courtyard which is available if required. The owners used to trade both shops and live in one of the maisonettes whilst letting the other. Due to a change of circumstances, the premises are now available with vacant possession of the whole, or it may be possible to agree terms for a new lease to the Post Office for No 5 Fore Street, with No 3 offered with vacant possession either to be occupied by the buyer or let as an investment. The village of Kingskerswell is located just off the main A380 between Newton Abbot and Torquay and just 4 miles from the Penn Inn roundabout. This provides excellent access to all the main trunk routes such as the A380 dual carriageway to Exeter and the M5 motorway network plus the A38 from Exeter to Plymouth and the A30 to Cornwall. Torquay is approximately 7 miles distant with Newton Abbot town centre about 3 miles away. Newton Abbot is a busy market town being the commercial centre and heart of the Teignbridge area with a district population of approximately 121,000 extending to some 300,000 within 12.5 miles of the centre. Newton Abbot benefits from a wide catchment area drawing from a large number of small towns and villages in the surrounding area. The premises are well located in the centre of the town, and would be suitable for a variety of potential users, subject to the usual consents. ACCOMMODATION Retail Unit – 39 sq.m (420 sq.ft) 8.94m x 4.19m (29’4” x 13’9”) max Kitchen 4.38m x 3.50m (14’4” x 11’6”) max Brief details of the accommodation, with approximate maximum Glazed display window to the front with side panel and glazed door. Comprehensive range of wall and base units under worktop with inset dimensions are as follows: - Spot lights as fitted. Radiators. Vinyl floor. Part slat boarding to walls. stainless steel sink unit with single drainer. Inset 4 ring gas fired hob Recessed shelving. Currently with Café counter and serving area to with stainless tell electric oven below and extractor over. Tiled NO 3 FORE STREET KINGSKERSWELL include 1 ½ bowl stainless steel sink with single drainer and cupboards splashback. Glow worm gas fired central heating boiler. Window. under. Display shelving. (All of this could be removed if not required) 2 windows to rear elevation. Gas fired central heating boiler. Store 2.15m x 0.86m (7’0” x 2’10”) max Walk in store. Rear Lobby Blocked up door into adjoining shop. Glazed door to rear yard area. Toilet Low level WC suit with was hand basin. Window. FLAT NO 1 First Floor Accessed from the rear courtyard via a staircase up to a First Floor Balcony with doors to both flats as follows … Entrance Hall With stairs to first floor and doors to ….. RETAIL INVESTMENT RESIDENTIAL Sitting Room 4.27m x 3.69m (14’0” x 12’1”) max NO 5 FORE STREET KINGSKERSWELL FLAT NO 2 2 large windows to the front with open views. Radiator. Spot lights as Retail Unit – 60sq.m (648 sq.ft) 9.10m x 5.38m (29’10” x 17’8”) max First Floor fitted. Ample power points. Suspended ceiling and strips with slat boarding to 3 walls. Secure Counter to the rear with 2 secondary retail counters. Spacious store Entrance Hall SECOND FLOOR area to the side with inner lobby and door to Cloaks area with doors to ….. Stairs from the hallway lead up to a spacious landing with storage area. It is possible to reconfigure the first floor by swapping the Bathroom Rear Office 3.19m x 2.11m (10’6” x 6’11”) max Kitchen 3.83m x 2.45m (12’7” x 8’0”) max with Bedroom 2 to create larger bedroom. Retail counter to front. Suspended ceiling with integrated strip Range of wall and base units with inset 1 ½ bowl sink unit and single lighting. drainer into worktops. Inset 4 ring gas hob with electric oven below Bedroom No 1 4.26m x 2.44m (13’11” x 8’0”) max and extractor above. Radiator. Window to rear. Glow worm gas fired Irregular shape. Window. Radiator. Carpeted. High level window. Kitchen 3.23m x 1.40m (10’7” x 4’7”) max central heating boiler. Stainless steel sink with drainer. Cupboards under and fridge. Electric Bedroom No 2 2.33m x 1.99m (7’8” x 6’6”) max over sink water heater. Sitting Room 4.22m x 3.83m (13’10” x 12’7”) max Velux window. Radiator. 2 large windows to the front. Radiator. Feature fireplace with timber Toilet surround and over mantel, tiled slips and cast iron grate. Bathroom 2.60m x 2.56m (8’6” x 8’4”) max Low level WC suite with wash hand basin. Panelled bath with mixer shower over and glazed side screen plus low Bedroom No 2 2.96m x 2.35m (9’9” x 7’8”) max level WC suite and pedestal wash basin. Part tiled walls. Heated towel Accessed from the rear courtyard via a staircase up to a First Floor Window to front. Radiator. Carpeted. rail. Spot lights. Extractor. High level window to side. Vinyl floor. Balcony with doors to both flats as follows … RETAIL INVESTMENT RESIDENTIAL Shower Room Garage 4.66m x 4.65m (15’3” x 15’3”) max ASKING PRICE Fully tiled walls. Low level WC suite with pedestal wash hand basin. Wide up and over door. Power and light as fitted. Slab floor. Shelving Offers are sought in excess of £395,000 for the freehold of Nos 3 and 5 Shower cubicle with glazed screen and mixer shower unit. Heated as fitted. Small side store with door from courtyard which could be Fore Street plus the 2 Maisonettes over with vacant possession of the towel rail. Extractor. Spot lights. removed if required. whole. The garage is available by separate negotiation if required. This represents an opportunity to acquire the property and either occupy Second Floor Terrace all or part, and let the remainder to produce a substantial income. Stairs from the entrance hall lead to an inner hallway with under stairs Located over the garage and accessed from the balcony area. cupboard (2.11m x 0.90m – 6’11” x 2’11” max). Alternatively a sale of Unit 3 and the Maisonette above would be COMMERCIAL ENERGY PERFORMANCE CERTIFICATE considered as a separate purchase, with offers sought in the region of SECOND FLOOR An EPC has been obtained for the shops and the flats over, a summary £190,000 for the freehold. Landing with doors to …… of which is at the end of these details. Finally it may be possible to negotiate terms for a new lease of the shop Bedroom No 1 4.10m x 3.48m (13’5” x 11’5”) max BUSINESS RATES on ground floor of No 5 Fore Street to the Post Office, terms to be Irregular shape. Bay window. Velux roof light. Window. Radiator. Rateable Value No 3 & 5: - £9,400 (2017 Valuation) finalised. A rent of approximately £7,500 pax is anticipated for this Rates Payable: - £4,512 (2017 – 2018) shop. Maisonette No 1 has been let in the past at a rent of £600 pcm. Bathroom We understand that up to a 100% reduction in the rates payable may Panelled bath with mixer shower over bath. Wash hand basin and low be available under the Small Business Rate Relief Scheme. For further Full details of the above, and the likely rentals available for the level WC suite. Spot lights. Part tiled walls. details as to whether you or the property qualify for this relief, please Commercial and Residential units are available on request from the contact Teignbridge District Council (01626 361101) Vendors sole agents. RETAIL INVESTMENT RESIDENTIAL SERVICES We understand mains water, drainage, gas and electricity are available EPC - No 3 Fore Street Kingskerswell EPC – No 5 Fore Street Kingskerswell to the premises. LEGAL COSTS Each party will be required to bear their own legal costs involved in this transaction. VIEWING Strictly by prior appointment only with the sole agent, for the attention of Tony Noon (07831 273148) Ref (0395) Tel. 01392 691007 Mob. 07831 273148 Email. [email protected] Web: www.noonroberts.co.uk EPC For Maisonette No 1 3 & 5 Fore Street Kingskerswell 3 & 5 Fore Street Kingskerswell .
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