Town centre retail premises which offer 800 sq ft arranged as a main office with 3 inner office/interview rooms. By means of assignment or under let of a 12 year lease. EPC TBC Read more
Town centre retail premises which offer 800 sq ft arranged as a main office with 3 inner office/interview rooms. By means of assignment or under let of a 12 year lease. EPC TBC
LOCATION The market town of Tiverton has a population of approximately 17,500 inhabitants and is the largest in Mid Devon offering a host of facilities including local hospital, supermarket and being the centre for the Mid Devon District Council.Within the town there is also a popular college and is within easy driving distance of Junction 27 of the M5 motorway where Tiverton Parkway railway station is located, giving a direct train link to London.The town offers a host of local and regional shops and is a popular centre within commuting distance of Exeter to the South West and Taunton to the North.
THE PREMISES The subject premises comprise of a ground floor lock up unit formerly utilised by Tiverton Gazette as their town centre newspaper offices and prior to this the premises were used as Webbers Estate Agency branch.This agency branch practice ceased trading in June 2008.The premises most recently operated as St Loyes Foundation Independence at work. The premises are now available with vacant possession and considered ideal for a variety of trades being in the ever popular Bampton Street, close to the town centre car park and Pannier Market. The premises offer approximately 800 sq ft of retail space fully refurbished and arranged as a main office with 3 inner office/interview rooms, staff shower, kitchenette and WC.
AGENTS NOTE To comply with the Estate Agency Act it should be noted that Webbers Commercial are acting on behalf of Webbers Property Services who are the head tenants of the property and we are assigning the existing lease.
TENURE The premises are held on the balance of a 12 year lease from 22nd January 2007 at a current rental of £17,500 per annum for the first two years, for the third and fourth years of the term the rent increases to £19,550. The rent review dates are thereafter January 2011 and January 2015.A full copy of the lease is available at Webbers Commercial offices in Barnstaple.An incoming tenant will need to supply the usual bank and trade references for landlord's approval subject to their consent. Each party to bear their own legal costs in this transaction.
INCENTIVES First years asking rent will be £9,000 per annum and the rent will be stepped higher thereafter.
Full details upon request.
The accommodation briefly comprises:
MAIN FRONTAGE13'3" (4.04m).
INTERNAL DEPTH26'2" (7.98m).With -
REAR INNER SALES AREA17'3" x 9'5" (5.26m x 2.87m).
PLUS4'9" x 5'2" (1.45m x 1.57m).
OFFICE ONE8'8" x 8'8" (2.64m x 2.64m).
OFFICE TWO9'5" x 8'8" (2.87m x 2.64m).
OFFICE THREE11'4" x 11'1" (3.45m x 3.38m).
BASEMENT STORAGE ROOM
SERVICES Mains electricity, water, drainage and gas.There is gas fired heating and air conditioning to main area.
RATEABLE VALUE £15,500 UBR, as of April 2017, 47.9p in the £ Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
VIEWING Strictly by appointment through the selling agent.
VAT We understand that our client has not opted to charge VAT.All interested parties should make their own enquiries of HMRC
WEBBERS DO NOT JUST SELL HOUSES Established over 40 years ago our dedicated specialist Commercial Department deals in the sale and letting of all types of commercial property including Guest Houses, Hotels, Restaurants, Pubs, Holiday Complexes, General Businesses, Post Offices, Retail Businesses of all kinds, Shops, Offices, Investments and Industrial Premises. If this property does not suit visit our web site www.webberscommercial.co.uk or call our office on 01271 347888. For out of hours call our mobile number 07967 385228.
WANT TO KNOW MORE? We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding.www.environment-agency.gov.uk www.landregistry.gov.uk www.gov.uk/green-deal-energy-saving-measures www.homeoffice.gov.uk www.ukradon.org www.fensa.org.uk www.nesltd.co.uk http://list.english-heritage.org.uk