Retail property (high street)

FLEXIBLE COMMERCIAL PREMISES IN TOWN CENTRE LOCATION

LOCATION

The property is located in the vibrant “arts quarter” of Teignmouth town centre adjacent to a range of established retail, food, and leisure businesses. With on street shopper parking directly in front of the building, the premises is also located close to main short and long-stay car parks. Somerset Place is a busy pedestrian thoroughfare and is a short walk from the seafront, the popular “back beach”, and quays.

DESCRIPTION

The premises currently comprises open plan offices of approximately 75m2 (807 ft2) plus staff WC and kitchen area. There is a good retail frontage and excellent passing footfall. The property is ideal for a professional  office, suitable for accountant, solicitor, mortgage/insurance brokers, or a wide variety of other uses subject to planning use class consent etc. 

TERMS

The property is available to let on a new lease for an initial term of 9 years.

RENT

£11,000 per annum payable quarterly in advance. A one month rent free period will be applied to the start of the term.

DEPOSIT

The landlord may opt to take a rent deposit equivalent to one quarter's rent.

RATES

Rateable Value £12,000 (at 1 April 2010) subject to review as the premises will be divided on creation of a new lease. This is not the amount you will pay, contact Teignbridge District Council for additional information.

SERVICE CHARGE

Please note that the premises is responsible for a share of external maintenance based on floor area. Further details on request.

BUILDING INSURANCE

Building insurance premium contribution details available on request.

LEGAL COSTS

Each party is responsible for their own legal and professional costs.

ENERGY PERFORMANCE CERTIFICATE

C/64