£140,000
(£110.58/sq. ft)
Property for saleThe Workshop, Lemon Place, Newton Abbot, Devon TQ12
1,266 sq. ft
Available immediately
About this property
Industrial investment opportunity
Gross Internal Area: 1,266 sq.ft (117.63 sq.m)
Sold with tenant in situ, passing rent £10,500 pa ex
Lease expiring 2030
Industrial investment for sale
Industrial investment opportunity
Gross Internal Area: 1,266 sq.ft (117.63 sq.m)
Sold with tenant in situ, passing rent £10,500 pa ex
Lease expiring 2030
Newton Abbot is a popular market town with a population of over 70,000 people located in the town and immediate area. The town is 18 miles distant from Exeter and 8 miles distant from Torquay.
Lemon Place is to the rear of Queen street a popular trading location with on street metered parking and nationals including jd Weatherspoons, Sports Direct, spar, Millets and Loungers. In addition to these occupier there is a strong base of independent retailers, professional services and eateries.
The property is a self contained unit, previously used as office and storage. Currently occupied by Your Escape Rooms the property is access by small roller shutter door with additional glazing in the front elevation.
VAT will be applied at the standard rate where applicable.
Both parties to bear their own legal costs in the transaction.
An EPC of B is available for this property. Please contact the agent for further details.
Tenant only break 2nd January 2027, on 6 months notice. Passing rent £10,500 pa.ex. Further details available, please contact the agent for details.
The property is let by way of a 5 year lease, from 2nd January 2025, to a private individual trading as Devon Escape.
Industrial investment opportunity
Gross Internal Area: 1,266 sq.ft (117.63 sq.m)
Sold with tenant in situ, passing rent £10,500 pa ex
Lease expiring 2030
Newton Abbot is a popular market town with a population of over 70,000 people located in the town and immediate area. The town is 18 miles distant from Exeter and 8 miles distant from Torquay.
Lemon Place is to the rear of Queen street a popular trading location with on street metered parking and nationals including jd Weatherspoons, Sports Direct, spar, Millets and Loungers. In addition to these occupier there is a strong base of independent retailers, professional services and eateries.
The property is a self contained unit, previously used as office and storage. Currently occupied by Your Escape Rooms the property is access by small roller shutter door with additional glazing in the front elevation.
VAT will be applied at the standard rate where applicable.
Both parties to bear their own legal costs in the transaction.
An EPC of B is available for this property. Please contact the agent for further details.
Tenant only break 2nd January 2027, on 6 months notice. Passing rent £10,500 pa.ex. Further details available, please contact the agent for details.
The property is let by way of a 5 year lease, from 2nd January 2025, to a private individual trading as Devon Escape.
Mortgage calculator
Monthly repayment
£700 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}