• Ground floor retail premises for sale with the freehold of the whole building
• Basement area
• Tenant in situ
• First floor previously sold on a long lease
• 7% return

Summary

Situated in a prominent location within the busy town of Tavistock is this retail premises offered for sale with the freehold of the building and a well established tenant providing an excellent return.

General

Stevens Estate Agents are appointed as sole agents for the sale of 20 Market Street, Tavistock.
The ground floor is leased to a tenant with 5 years remaining providing a gross return of 7%.
The purchase will be of the freehold however the apartment over the shop was previously sold on a long lease with over 900 years remaining.

Legal Expenses

Both sides to pay their own legal expenses.

Energy Performance Certificate

EPC - 75C
Full report - https://find-energy-certificate.service.gov.uk/energy-certificate/9523-3092-0511-0100-4391

Local Authority

West Devon Borough Council, Kilworthy Park, Tavistock, PL19 0BZ 01822 813600

Services

We understand that the property is connected to mains water, drainage and electric

Viewing Arrangements

Viewing is strictly through the appointed agents, Stevens Estate Agents, 01837 53300, 15 Charter Place, Okehampton, Devon, EX20 1HN.

Existing lease on ground floor

We understand the established business occupying the premises has 5 years remaining of a 15 year lease.
For more information please contact Stevens Estate Agents. A copy of the lease can be provided to qualified prospective purchasers.

VAT

We are advised that VAT will/will not be payable on the purchase price as the standard rate.
(seller to confirm)

Consumer Protection from Unfair Trading Regulations 2008

As the sellers agents we are not surveyors or conveyancing experts & as such we cannot & do not comment on the condition of the property, any apparatus, equipment, fixtures and fittings, or services or issues relating to the title or other legal issues that may affect the property, unless we have been made aware of such matters. Interested parties should employ their own professionals to make such enquiries before making any transactional decisions. You are advised to check the availability of any property before travelling any distance to view.