Unit 1 Kings Market, Fore Street

£9,600 Yearly

Unit 1 Kings Market, Fore Street

Let Agreed

The property benefits from a single open plan area, currently used as a florist with a WC on the ground floor.

Accommodation: The approximate dimensions of the floor areas is as follows:

Ground Floor:

Retail zone a: 361 sq ft/ 33.55 sq m

Retail zone b: 118 sq ft/ 10.98 sq m

W/C: Unmeasured.

Net Total: 44.53 sq m

Lease Terms: A new lease will be drawn up with the successful candidate between the Freeholder and themselves.

Rent: £9600 + VAT per annum.

Service Charge: £2,750 + VAT per annum.

There is a service charge in place covering cleaning and maintenance of external areas and common parts, the provision and maintenance of fire extinguishers in the common parts and maintaining the building’s fire alarm system.

Location: The property is situated in a prime location at the entrance to the Kings Market, a well-presented and beautifully developed space at the higher end of Fore Street within the town centre.

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, Herring Shoes, Beacon Electrical and Peacocks and a host of coffee shops, cafes and restaurants.

Business Rates:

From the Valuation Office Agency Website (www.voa.guv.uk) we understand from the current Rateable value is £10,500.00 per annum. Although this was for the current use as a retail premise, it will need to be re-assessed if there is a change of use.

The Premises is entitled to a Small Business Rate Relief having a rateable value of £12,000.00 or less.

Planning: The property is suitable for both Class A1 (Retail) and Class A2 Financial & Professional Services. Current use A1.

Local Authority: South Hams District Council.

Services: It is understood that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

Broadband: We understand that superfast FTTP (fibre to the premises) is available on site.

VAT: VAT is chargeable.

Legal Fees: Both parties are to pay their own professional costs.

Please note: The business is not for sale, this is for the unit only as the business is relocating. 

1

Key Features

  • Open plan retail space
  • High street presence
  • Would suit A1 Retail or A2 Financial & Professional services
  • Ground Floor: 44.53 sq m
  • Business is not for sale (relocating) - unit only

Property Details

Property Type Commercial Property
Postcode TQ7 1PR
Additional Pets: MaybeSmokers: MaybeHousing Benefit: MaybeStudents: Maybe

Location

The property benefits from a single open plan area, currently used as a florist and has a WC on the ground floor. EPC Band C.

KINGSBRIDGE OFFICE

113 Fore Street
Kingsbridge, Devon
TQ7 1BG

01548 852352

Enquire about this property

What’s my property worth?

Get an accurate indication of the current sale or rental value of your south Devon home. Our property professionals will offer an honest market price from our unrivalled knowledge of the local property scene.

Book a free valuation
Covid-19We remain busy and open for business, so please do not hesitate to contact us should you have any questions or queries.Read more.