Available - For Sale
Freehold £225,000 for the Freehold
| A1 - Retail | C3 - Residential
The premises are prominently located fronting the top of Queen Street, the main road running through the town offering a high degree of visibility for any retailer and close to a number of public car parks and the professional office area of Devon Square and St Pauls Road. The premises would ideally suit either a retail or office use. The maisonette is tenanted with an income of £3,540 per annum, vacant possession subject to termination of the assured shorthold tenancy.
- Offers are sought in excess of £250,000 for the freehold
- Vacant town centre 1,173 sq. ft (109 sq. m) ground floor retail premises with 1 car parking space plus a 2 bed maisonette on first and second floor with separate access
- The maisonette is currently tenanted but could be provided with vacant possession
- Located in prime shopping area in Newton Abbot with national retailers Argos, Clarks, Costa Coffee, Waterstones, Iceland Foods and HSBC Bank
- 0.8 miles from Newton Abbot Railway Station, 10 miles from Torquay, 15 miles from the M5 and 20 miles from Exeter Airport
Location
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. 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 a short walk from the town centre and the main line railway station. The property is in the prime shopping area in Newton Abbot with national retailers such as Argos, Clarks, Costa Coffee, Waterstones, Iceland Foods and HSBC Bank. Newton Abbot offers convenient access to the A380 Exeter to Torquay dual carriageway joining with the M5 Motorway at Exeter, which is approximately 15 miles distant, or Torbay and Torquay to the South which is approximately 10 miles distant.
Planning
Potential tenants are advised to make their own enquiries to Cornwall Council; Tel: 0300 1234 151; Email: planning@cornwall.gov.uk; Cornwall.gov.uk.
Legal Costs
Each party to bear their own legal costs incurred in the transaction. However if the leaseholder aborts the transaction for any reason then they will be responsible for the landlords legal costs.
VAT
Under the Finances Acts 1989 and 1997, VAT may be levied on the rental . We recommend that the prospective tenant established the VAT implications before entering into any agreement.
Services
We understand that the property is connected to mains water, drainage and electricity.
Contact
Timothy Smart
Email: timsmart@scp.uk.com
Telephone: 01872300401
Mobile: 07778 577 487
Smart Commercial Property consistently provide us with sound tenants, where others struggle! and are always accessible, which is so valuable in the commercial market.Leigh Ibbotson
Cher Varya Group Ltd
Letting a property during a pandemic was never going to be easy but Smart Commercial achieved this. Tim was very helpful and always contactable. He provided a friendly and reliable top service!Izzy
Over the years, we have found Smart Commercial Property a very professional firm offering a wealth of experience to their clients.Olivers Estate Agents Helston
Over the six years that I have worked with Tim he has shared his expert knowledge of the national and local commercial property markets to ensure that our buying, selling or retention decisions are always well-informed and sound.Andrew McLean Brown
Figolux
I have had the pleasure of working with Tim Smart on a number of occasions. Tim always works in a very professional and timely manner, answering queries promptly and thoroughly. He has extensive knowledge in the commercial property market, including valuation and planning issues, which have proved invaluable and I would not hesitate to recommend him.Andrea Lane
Director, Lane Architects Cornwall
If you require a first class service then look no further. Tim has a wealth of knowledge and expertise in this sector and I personally would not look no further.Gayle Martin
Eclipse Property Cornwall