£315,000
Property for saleVictoria Road, Dartmouth TQ6
Just added
Freehold
About this property
Prominent Commercial Investment Property
Ground Floor Commercial Unit Let as a Banking Hub
Let on a 10 Year Lease from April 2024
Rental Income of £25,000 Per Annum
A Great Investment Opportunity
Prominent Commercial Investment Property. Rental Income of £25,000 Per Annum.
The property is located on Victoria Road, Dartmouth. The ground floor retail unit is let to Cash Access UK Ltd. The Banking Hub is a shared space providing easy access to everyday cash and face-to-face banking services for customers of the major banks. The first floor residential apartment has been sold on a 999 year lease.
Ground Floor
With customer service area, 2 offices, staff cloakroom and kitchen.
Rear Exit
With bin store.
Tenure
The property is to be sold freehold, subject to the commercial occupational lease and the residential lease which has a term of 999 years from 2010.
The ground floor is let to Cash Access UK Ltd at a rent of £25,000 per annum.
The lease has repairing and insuring obligations with a term of 10 years from April 2024. There is a tenant only break clause and a rent review at year 5.
A Service Charge is in place for the upkeep of the communal areas and the roof.
Legal Costs
Each party are to bear their own costs incurred in any transaction.
EPC Rating D
Viewing
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.
All interested parties are politely requested to respect the tenants' quiet enjoyment of the property.
The property is located on Victoria Road, Dartmouth. The ground floor retail unit is let to Cash Access UK Ltd. The Banking Hub is a shared space providing easy access to everyday cash and face-to-face banking services for customers of the major banks. The first floor residential apartment has been sold on a 999 year lease.
Ground Floor
With customer service area, 2 offices, staff cloakroom and kitchen.
Rear Exit
With bin store.
Tenure
The property is to be sold freehold, subject to the commercial occupational lease and the residential lease which has a term of 999 years from 2010.
The ground floor is let to Cash Access UK Ltd at a rent of £25,000 per annum.
The lease has repairing and insuring obligations with a term of 10 years from April 2024. There is a tenant only break clause and a rent review at year 5.
A Service Charge is in place for the upkeep of the communal areas and the roof.
Legal Costs
Each party are to bear their own costs incurred in any transaction.
EPC Rating D
Viewing
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.
All interested parties are politely requested to respect the tenants' quiet enjoyment of the property.
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