Offers over
£350,000
Property for saleStation Yard Business Park, Teignmouth TQ14
Just added
About this property
Industrial Investment Opportunity (Business Unaffected)
Prominently Located Multi-Unit Garage & mot Centre in Central Teignmouth
Let on Two Commercial Leases to Established Automotive Operator
Combined gia 325m2 (3,500 sq ft). Combined Rent £27,350 Per Annum Exclusive
Scope for Growth - Rare Chance For Let Industrial Investment Acquisition
Teignmouth is a popular South Devon coastal town within the Teignbridge district, benefiting from strong local demographics, tourism and transport links.
Station Yard Business Park is situated just off Lower Brimley Road, directly behind Teignmouth railway station, providing excellent accessibility for both customers and staff. The immediate surrounding area comprises a mix of residential and commercial uses, supporting consistent year-round trade.
Mannor Garage comprises a well-established and prominently located multi-unit automotive and mot premises within Station Yard Business Park, Teignmouth.
The property forms part of a small and established industrial estate of 7 units, situated immediately adjacent to Teignmouth railway station and within close proximity to the town centre. The location provides excellent accessibility and consistent local trade.
The investment being sold is made up of Units 1 & 2 (combined workshop and offices) together with Unit 4 (mot testing facility), totalling approximately 325m² (3,500 sq ft) with demised parking for approximately 18 vehicles.
The premises are fully let to Brixham Garage Limited, a well-established automotive operator, benefitting from personal guarantees. This represents an opportunity to acquire a secure, income-producing industrial investment in a strong local trading position with a long-standing tenant.
Investment Summary
Established automotive premises in central Teignmouth.
Fully let to a long-standing and experienced operator.
Total income: £27,350 per annum exclusive.
5 yearly rent reviews providing scope for growth.
Fri lease structure with tenant responsible for outgoings.
Strong local trading location adjacent to railway station.
Tenancy & Lease Summary
The properties are fully let on two commercial underleases to Brixham Garage Limited:
Units 1 & 2
Rent: £18,500 per annum exclusive
Lease term: 10 years, to February 2033
Rent reviews: 5 yearly upward only
Unit 4
Rent: £8,850 per annum exclusive
Lease term: 10 years, to February 2033
Rent reviews: 5 yearly upward only
Covenant
Tenant: Brixham Garage Limited with Directors’ Personal Guarantees
Repairing Obligations
Effectively Full Repairing and Insuring (Fri) via underlease structure, with tenant responsible for ground rent, service charge, insurance and associated costs.
Tenure
Long Leasehold Investment.
The units are owned on two underleases dated 1988 for 125 years (less 2 days).
A lease extension can form part of a sale of the investment.
The investment is offered subject to the existing tenancies.
Accommodation
The property comprises:
Unit 1 & 2 (Combined) (51' 7'' x 44' 11'' (15.72m x 13.7m))
Workshop, reception office, second office, WC/store.
Unit 4 (49' 10'' x 23' 3'' (15.18m x 7.08m))
Mot testing bay with associated facilities.
Roller shutter access to all units.
Eaves height approx. 4.6m.
Three phase power and gas supply.
External yard with parking for approximately 18 vehicles.
Legal Costs
Each party to bear their own legal costs incurred in the transaction.
EPC Ratings
Unit 1 -2 – E.
Unit 4 - E.
Viewing
The tenant’s business is entirely unaffected by the sale and interested parties are requested to be respectful and non-intrusive.
Viewing is strictly by prior appointment with the Sole Agents. Informal viewing or tenant contact will not be tolerated.
Station Yard Business Park is situated just off Lower Brimley Road, directly behind Teignmouth railway station, providing excellent accessibility for both customers and staff. The immediate surrounding area comprises a mix of residential and commercial uses, supporting consistent year-round trade.
Mannor Garage comprises a well-established and prominently located multi-unit automotive and mot premises within Station Yard Business Park, Teignmouth.
The property forms part of a small and established industrial estate of 7 units, situated immediately adjacent to Teignmouth railway station and within close proximity to the town centre. The location provides excellent accessibility and consistent local trade.
The investment being sold is made up of Units 1 & 2 (combined workshop and offices) together with Unit 4 (mot testing facility), totalling approximately 325m² (3,500 sq ft) with demised parking for approximately 18 vehicles.
The premises are fully let to Brixham Garage Limited, a well-established automotive operator, benefitting from personal guarantees. This represents an opportunity to acquire a secure, income-producing industrial investment in a strong local trading position with a long-standing tenant.
Investment Summary
Established automotive premises in central Teignmouth.
Fully let to a long-standing and experienced operator.
Total income: £27,350 per annum exclusive.
5 yearly rent reviews providing scope for growth.
Fri lease structure with tenant responsible for outgoings.
Strong local trading location adjacent to railway station.
Tenancy & Lease Summary
The properties are fully let on two commercial underleases to Brixham Garage Limited:
Units 1 & 2
Rent: £18,500 per annum exclusive
Lease term: 10 years, to February 2033
Rent reviews: 5 yearly upward only
Unit 4
Rent: £8,850 per annum exclusive
Lease term: 10 years, to February 2033
Rent reviews: 5 yearly upward only
Covenant
Tenant: Brixham Garage Limited with Directors’ Personal Guarantees
Repairing Obligations
Effectively Full Repairing and Insuring (Fri) via underlease structure, with tenant responsible for ground rent, service charge, insurance and associated costs.
Tenure
Long Leasehold Investment.
The units are owned on two underleases dated 1988 for 125 years (less 2 days).
A lease extension can form part of a sale of the investment.
The investment is offered subject to the existing tenancies.
Accommodation
The property comprises:
Unit 1 & 2 (Combined) (51' 7'' x 44' 11'' (15.72m x 13.7m))
Workshop, reception office, second office, WC/store.
Unit 4 (49' 10'' x 23' 3'' (15.18m x 7.08m))
Mot testing bay with associated facilities.
Roller shutter access to all units.
Eaves height approx. 4.6m.
Three phase power and gas supply.
External yard with parking for approximately 18 vehicles.
Legal Costs
Each party to bear their own legal costs incurred in the transaction.
EPC Ratings
Unit 1 -2 – E.
Unit 4 - E.
Viewing
The tenant’s business is entirely unaffected by the sale and interested parties are requested to be respectful and non-intrusive.
Viewing is strictly by prior appointment with the Sole Agents. Informal viewing or tenant contact will not be tolerated.
Mortgage calculator
Monthly repayment
£1,750 per month
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