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Features and description
- A quality investment propety in prime location
- Ground floor retail/cafe let to fuller bakery
- Gross rent £24,000 per annum
- Ground floor space of 913 m2 (983 sq.ft)
- Gross intitial yield 7%
- Business unaffected
An excellent freehold investment opportunity superbly located in a prime location in Fore Street. In the principal retail area of the historic and thriving town of Totnes.
This freehold property comprises a ground floor retail/cafe unit with a net internal area of 9138m2 (983 sq. ft) with courtyard and parking at the rear.
Above are 2 flats sold on a 999 year leases.
The premises are let to Fuller (SW) Ltd. Trading as Fullers Bakery with bakery and cafe area.
This is a highly recommended investment opportunity.
Description - AN EXCELLENT FREEHOLD INVESTMENT OPPORTUNITY superbly located in a prime location in Fore Street. In the principal retail area of the historic and thriving town of Totnes.
This freehold property comprises a ground floor retail/cafe unit with a net internal area of 9138m2 (983 sq. ft) with courtyard and parking at the rear.
Above are 2 flats sold on a 999 year leases.
The premises are let to Fuller (SW) Ltd. Trading as Fullers Bakery with bakery and cafe area.
This is a highly recommended investment opportunity.
Accommodation - FRONTAGE 6.55m depth 12.53m with serving cafe and kitchen area.
REAR HALWAY
STORE
CUSTOMER W.C.
OUTSIDE Rear Courtyard and parking
Tenure And Leases - Freehold of the whole building subject to the following occupational lease.
GROUND FLOOR
Let to Fullers (SW) Ltd on a lease dated 17th June 2021 for a term of 10 years.
Rent £24,000. Rent review 17th Jun 2026.
Tenants break clause option 17th June 2026.
The two flats have been sold on 999 year leases and both as responsible for 33.3% of the insurance and repairs of the building.
Epc - C74
This freehold property comprises a ground floor retail/cafe unit with a net internal area of 9138m2 (983 sq. ft) with courtyard and parking at the rear.
Above are 2 flats sold on a 999 year leases.
The premises are let to Fuller (SW) Ltd. Trading as Fullers Bakery with bakery and cafe area.
This is a highly recommended investment opportunity.
Description - AN EXCELLENT FREEHOLD INVESTMENT OPPORTUNITY superbly located in a prime location in Fore Street. In the principal retail area of the historic and thriving town of Totnes.
This freehold property comprises a ground floor retail/cafe unit with a net internal area of 9138m2 (983 sq. ft) with courtyard and parking at the rear.
Above are 2 flats sold on a 999 year leases.
The premises are let to Fuller (SW) Ltd. Trading as Fullers Bakery with bakery and cafe area.
This is a highly recommended investment opportunity.
Accommodation - FRONTAGE 6.55m depth 12.53m with serving cafe and kitchen area.
REAR HALWAY
STORE
CUSTOMER W.C.
OUTSIDE Rear Courtyard and parking
Tenure And Leases - Freehold of the whole building subject to the following occupational lease.
GROUND FLOOR
Let to Fullers (SW) Ltd on a lease dated 17th June 2021 for a term of 10 years.
Rent £24,000. Rent review 17th Jun 2026.
Tenants break clause option 17th June 2026.
The two flats have been sold on 999 year leases and both as responsible for 33.3% of the insurance and repairs of the building.
Epc - C74
Property information from this agent
About this agent
Stags Totnes office is not hard to find, located in The Granary, an imposing historic stone building, on Coronation Road. Totnes is a charming market town, built at the head of the River Dart's estuary in South Devon. It has good communications, being accessible via the A38 from Exeter, just 22 miles to the east. The town is acknowledged as a thriving New Age centre, where musicians, artists, natural health practitioners and craftspeople live and work with great success. A market is held twice a week, selling antiques, musical instruments, second-hand books, hand made clothing and local organic products. In short, not for nothing was Totnes voted the capital of New Age chic by Time magazine. With its numerous attractive listed buildings and ancient history, Totnes is a tourist hot spot and attracts a growing number of visitors annually. It has many distinctive features such as the Eastgate, an arch spanning the main street, Totnes Castle, a Norman edifice owned by English Heritage, the late medieval Church of St Mary and the Elizabethan House Museum, one of many authentic Elizabethan merchant's houses.