9 Fore Street Kingsbridge

£70,000

9 Fore Street Kingsbridge

Location

The property is situated in a prime location at the lower 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.

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

Description

The property is Grade II listed and comprises part of a two storey period building (with 2-bedroom residential flat above – available on separate terms) within a terrace of retail units on Fore Street. The retail accommodation comprises a main shop divided into two sizable rooms with W/C. The property is presented to a good standard providing bright and spacious accommodation.

The shop has a mid-nineteenth century glazed shop front to part with sash window and rendered exterior and sits under a rendered upper storey.

Accommodation

Approximate net internal areas as follows:

Gross Frontage: 8.37m.

Net Frontage: 7.60m.

Internal Width – ground floor (max): 7.02m.

Shop Depth (max): 5.18m.

Ground Floor:

Sales Area: 410ft2 /38m2.

W/C.

Planning

We understand the property currently benefits from Class A1 Retail consent. Other uses would also be considered subject to planning.

Lease Terms

The property is available for sale as a freehold investment with Fresh Fades as sitting tenant for the remaining term of their lease (seven years) expiring on 8th February 2028 at £9,000 per annum on full repairing terms.

The freeholder will be responsible for paying a fair proportion of the building’s maintenance (split with the long leaseholder of the residential flat above) and insurance administered through a service charge management company.

Guide Price:

£70,000.

Rateable Value

The current rateable value is £10,500.

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

VAT

All figures quoted are exclusive of VAT where applicable (however the property is currently not registered for VAT).

Legal Fees

Both parties are to pay their own professional costs.

Key Features

  • Freehold Investment for Sale.
  • Retail unit in prominent position on Fore Street let to “Fresh Fades”.
  • Total Area: 36.8m2 /396ft2.

Property Details

Property Type Shop
Postcode TQ7 1PG

Floorplan

Location

Freehold Grade II listed property comprising part of a two storey period building (with 2-bedroom residential flat above - available on separate terms) within a terrace of retail units on Fore Street. The property would make an excellent investment opportunity with Fresh Fades as sitting tenant for their remaining lease term which expires in 2028. 

KINGSBRIDGE OFFICE

113 Fore Street
Kingsbridge, Devon
TQ7 1BG

01548 852352

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