20 Mill Street, Kingsbridge, Kingsbridge

£240,000

20 Mill Street, Kingsbridge, Kingsbridge

The property is a two storey end of terrace building which is used by the present tenant as one with storage and welfare facilities on the first floor but which has capacity to be converted into a self-contained residential flat.

The retail accommodation comprises a main shop used as a front of house area with direct access off of Mill Street with kitchen and food preparation area beyond. Linking the ground floor to the first floor is an enclosed external area with its own pedestrian access onto a shared space outside where refuge is stored. Metal stairs lead from the covered area up to two sizable rooms currently used for storage and separate female and male W/Cs.

The property is presented to a fair standard for which the tenant has a full repairing and insuring lease. The premises is not listed and has a combination of single glazed sash windows and double glazed uPVC windows which sit beneath a slate roof.

Accommodation:

The ground floor accommodation provides the approximate dimensions and floor areas:

Retail Sales: 3.46m x 4.15m = 14.34m²/ 154ft².

Kitchen: 3.30m x 4.15m = 13.70m²/ 147ft².

Food Preparation: 2.30m x 4.76m = 10.95m²/ 118ft².

Enclosed Outdoor Area: 1.80m x 4.12m = 7.42m²/ 80ft².

Metal stairwell leading to the first floor accommodation which provides the approximate dimensions and floor areas:

Office: 4.15m x 3.70m = 15.36m²/ 165ft².

Store Room: 1.88m x 2.95m = 5.55m²/ 60ft².

W/C (female and male).

Net Total: 67.32m² / 724ft².

The property is situated in a prime location at the lower end of Fore Street within close proximity of the town centre and within an area predominated by retail and catering establishments (Mill Street).

Kingsbridge is the most southerly market town in Devon and lies roughly equidistant between Plymouth to the west (some 20 miles) and Totnes to the east (some 13 miles). The town has a resident population of circa 6,000 with a catchment population of circa 18,000 when taking into account the surrounding villages. The town is well represented with a mix of both national and independent traders including Boots, WHSmith and Herring Shoes alongside a host of coffee shops, cafes and restaurants.

Plymouth sits 20 miles to the west and Exeter sits 38 miles to the north east.

Key Features

  • Freehold Investment for Sale.
  • Prime visible corner position fronting onto both Mill Street and Lower Union Road let to "Pizza Planet".
  • Total Area: Circa 67.32m²/ 724ft².
  • 100% Business Rates Relief.

Property Details

Property Type Commercial Property
Postcode TQ7 1ED

Floorplan

Room Descriptions

Legal Fees

Both parties are to pay their own professional costs.

VAT

This property is not elected to VAT.

Energy Performance Certificate (EPC)

An EPC is available for this property and the rating is:
E/117.

Rateable Value

The current rateable value is £3,400. The premises is entitled to Small Business Rates Relief having a rateable value of £12,000 or less.

Flood Risk

Please note that the Environment Agency have designated the Property as being at high risk which will need to be made clear to any potential insurer.

Planning

We understand the property currently benefits from Class A5, Retail consent. Other uses may require planning consent and you are advised to make your own enquiries at South Hams District Council.

Tenure

The property is available for sale as a freehold investment with Pizza Planet as sitting tenant for the remaining term of their lease (three years) expiring on 1st June 2024 at £15,180 per annum on full repairing and insuring terms which sits inside of the Landlord and Tenant Act, 1954.

Location

A two storey end of terraced Freehold Investment Property situated in the town centre.

KINGSBRIDGE OFFICE

113 Fore Street
Kingsbridge, Devon
TQ7 1BG

01548 852352

Enquire about this property

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