Unit 3 Kings Market Fore Street Kingsbridge

Offers in Region of £1,250 Quarterly

Unit 3 Kings Market Fore Street Kingsbridge

The property benefits from a single open plan area, currently used as an office which comfortably seats six desks, kitchenette and WC on ground floor. The property is a blank canvas and ready to move straight into.

LOCATION: The property is situated on the ground floor of Kings Market, a well-presented and recently 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.

ACCOMMODATION:

The approximate dimensions of the floor areas is as follows:

Ground Floor:

Sales/ Office space: 419 sq ft/ 38.96 sq m

Kitchenette/ Store: 26 sq ft/ 2.4 sq m

W/C (disabled access compliant): Unmeasured.

Net Total: 41.36 sq m

LEASE TERMS:

The property is either available:

1) By way of an assignment of the existing lease being for a term of six years from 30th March 2019 (expiring 29th May 2025). The existing lease has a break date on 30th May 2022.

2) By way of a sub-let for the remaining term of the lease (until the break date on 30th May 2022).

RENT:

£6,000 per annum inclusive of service charge (open to reasonable offers).

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; this will be covered by the outgoing tenant for the remaining term of the lease until the break date.

BROADBAND:

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

BUSINESS RATES:

Rateable Value: £7,028.00.

Rates Payable: For the financial period 2020 to 2021 premises with a rateable value of £12,000 or less will qualify for 100% Business Rates Relief.

PLANNING:

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

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.

VAT: VAT is chargeable.

LEGAL FEES: Both parties are to pay their own professional costs.

1

Key Features

  • Open plan retail/ office space
  • Would suit A1 Retail or A2 Financial & Professional services
  • Ground Floor: 445 SQ FT/ 41.35 SQ M
  • 100% Business Rates Relief until 2021

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 an office which comfortably seats six desks, kitchenette and WC on ground floor. The property is a blank canvas and ready to move straight into.

KINGSBRIDGE OFFICE

113 Fore Street
Kingsbridge, Devon
TQ7 1BG

01548 852352

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