£375,000
Property for saleQueen Street, Newton Abbot TQ12
Just added
Freehold
About this property
Town Centre Commercial Investment Property
Established Tenants. Business Unaffected
Fr & I 15 Year Lease from 2021. Rent £26,000 pa
Ground Floor Currently Operating as a Restaurant
Residential Accommodation to 1st & 2nd Floors
Town Centre Commercial Investment Property. Established Tenants, Business Unaffected.
The property is located on Queen Street in central Newton Abbot, South Devon. Queen Street is an edge of prime town centre high street position. The property is in close proximity to the pedestrianised Courtenay Street area of the town centre.
Queen Street is a thriving retail area with a healthy mix of national, multiple and independent operators and occupiers.
A terrace property with ground floor commercial unit, currently trading as a reputable restaurant with residential accommodation over the 1st and 2nd Floors. The property is held on a Fully Repairing and Insuring Lease for 15 years from 2021, at a rent of £26,000 per annum.
Ground Floor Commercial Unit
Operating a Restaurant with seating area and commercial kitchen. Ladies & gents cloakrooms. Parking for 2 cars & bin store.
Residential Accommodation
Set out as :- First floor with large kitchen/dining area, living room, shower room and storeroom. Second floor with 2 bedrooms.
General Information
Tenure
Freehold subject to the commercial lease.
Business Rates
2023 List: £12,350. (To be confirmed)
Council Tax Band B
EPC Rating C
Services
The property is connected to all mains services.
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 Queen Street in central Newton Abbot, South Devon. Queen Street is an edge of prime town centre high street position. The property is in close proximity to the pedestrianised Courtenay Street area of the town centre.
Queen Street is a thriving retail area with a healthy mix of national, multiple and independent operators and occupiers.
A terrace property with ground floor commercial unit, currently trading as a reputable restaurant with residential accommodation over the 1st and 2nd Floors. The property is held on a Fully Repairing and Insuring Lease for 15 years from 2021, at a rent of £26,000 per annum.
Ground Floor Commercial Unit
Operating a Restaurant with seating area and commercial kitchen. Ladies & gents cloakrooms. Parking for 2 cars & bin store.
Residential Accommodation
Set out as :- First floor with large kitchen/dining area, living room, shower room and storeroom. Second floor with 2 bedrooms.
General Information
Tenure
Freehold subject to the commercial lease.
Business Rates
2023 List: £12,350. (To be confirmed)
Council Tax Band B
EPC Rating C
Services
The property is connected to all mains services.
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.
Mortgage calculator
Monthly repayment
£1,875 per month
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