Retail premises for sale

The Strand, Dawlish EX7

Situation and description


This offers a chance to acquire a substantial property in the centre of Dawlish, occupying one of the best locations in the town. The property is currently let to the Bill Optical Group Ltd who are part of the Hakim Group Ltd who we understand are one of the largest Independent Opticians in the country. On the first and second floors with its own access is a spacious well presented 2 bedroom flat. The Strand is the prime retail area in Dawlish with a wide range of national, regional and local retailers. The main line railway station and the beach are both only a short walk from the property as is the public gardens known as “The Lawn” which fronts the Strand.

Dawlish is located approximately 12 miles south of Exeter, 9 miles West of Newton Abbot and 3 miles North of Teignmouth. Road access to Dawlish is principally via the A379 which forms the picturesque coastal route from Exeter to Newton Abbot and onto Torbay. Access to the M5 motorway is available at junction 30 approximately 10 miles away with Exeter offering a wider range of facilities and amenities. This is an opportunity to acquire a substantial Investment premises in a sought-after location.
Accommodation

Brief details of the accommodation with approximate maximum internal dimensions are as follows:-

Reception/ Retail Area 7.70m x 3.50m (25’3” x 11’6”) max
A spacious area with deep glazed window with glazed entrance door. Carpeted. Suspended ceiling with integrated spot lights and LED panels. Ceiling mounted aircon cassette.

Consultation Room No 1 3.66m x 2.26m (12’0” x 7’5”) max
LED lighting. Carpeted. Vanity Basin with cupboards under. Wall mounted aircon unit.

Consultation Area 1.87m x 1.50m (6’1” x 4’11”) max
Benching and shelving as fitted.

Consultation Room No 2 3.68m x 2.64m (12’0” x 8’8”) max
Wall mounted air con unit. Carpeted. LED lighting as fitted. Vanity basin with storage under.

Staff Room / Kitchen 3.61m x 2.17 plus 1.51m x 1.17m
(11’10” x 7’2” plus 4’11” x 3’10”) max
Benching to one wall. Stainless steel sink unit with single drainer inset into worktop with cupbaords under. Wall cupbaords. Power as fityted. LED lighting.

Internal Corridor 8.35m x 1.52m (27’4” x 4’11”) max
Useful storage with benching to one end with was hand basin. Doors to the consultation rooms.

Consultation Area 2.38m x 1.36m (7’10” x 4’5”) max
LED lighting. Carpeted. Power as fitted.

Toilet
Low level WC suite with vanity basin with cupboards under. Altro flooring.
The flat

Separate entrance door off the strand leads into a spacious Ground floor entrance lobby. Stairs leading up to ……
First floor

Landing
Doors leading to …..

Sitting Room / Dining Room 6.68m x 3.37m (21’11” x 11’0”) max
Spacious room with large bay window to the front over looking Dawlish Green and the Bowling lawn. Marble fireplace with inset electric fire. Power as fitted. Eclectic wall heater. Carpeted.

Kitchen 3.74m x 2.53m (12’3” x 8’3”) max
Galley style kitchen with range of wall and base units to 2 sides. Ample worktops with an inset stainless steel sink unit with single drainer. Electric cooker point. Space for fridge. Under counter plumbing for washing machine and dishwasher. Vinyl flooring. Power and lighting as fitted. Attractive outlook with a window to one end overlooking the Dawlish Green and the Bowling club.

Separate Toilet
Located off of the landing with a low level WC suite. Window. Vinyl flooring.

Bathroom 3.65m x 2.72m (11’11” x 8’11”) max
Spacious room with a white suite comprising a panelled bath, vanity wash hand basin with storage under, Window. Wall mounted electric heated towel rail. Low level WC suite. Spot lighting. Corner glazed shower cubicle with Mira electric shower unit. Part tiled walls. Vinyl floor covering. Alcove storage shelving.

Bedroom No 1 3.98m x 3.81m (13’0” x 12’6”) max
Window. Carpeted. Electric wall mounted heater.
Second floor

Bedroom No 2 4.42m x 2.52m (14’6” x 8’3”) max
Stairs up from landing. Lovely bay window overlooking Dawlish Green and the Bowling Green. Carpeted. Electric wall heater.
Energy performance certificate

A commercial EPC has been obtained for the ground floor Opticians. A full version is available to download from the web site. The rating for the Office is: B 28. The Flat has a rating of: E 41
Services

We understand that mains Electricity, water and drainage are available to the premises.
Tenancies

The current tenancies and occupation details for the property are as follows: -

Ground Floor Retail Premises
The premises are let on a 5 year Landlord External / Tenant Internal repairing lease to Bill Optical Ltd, who are part of the Hakim Group, from the 30th April 2025 (Expires on 29th April 2030) at a rent of £8,300 per annum payable quarterly in advance. There is not a rent review or break clause. The lease is within the Landlord and Tenant Act. The tenant reimburses the landlord for the buildings insurance premium.

The Hakim Group is a registered trademark of HO2 Management Limited (Company No: 05476134) which we believe are the largest family of independent opticians in the UK and Ireland with a turnover of £243 million and over 400 outlets.

First Floor Flat
The flat is currently occupied on an AST agreement from the 6th February 2023 at a rent of £600 per calendar month (£7,200 per annum)
Price and tenure

Offers are sought in the region of £209,500 for the freehold of this well located property currently producing an income of £15,500 per annum but with potential to increase the rent of the flat. This offers a gross return before purchase costs of just under 7.5%.
VAT

We understand that VAT is not payable on the rent or the sale price on this occasion.
Rates

Rateable Value: - £7,700 (2026 Valuation List)
For the Business Rates payable please contact Teignbridge District Council Business Rates Department legal costs
Each party to bear their own legal costs involved in this transaction.
Anti money laundering regulations compliance

A successful purchaser will be required to provide proof of identity and address, plus proof of funds to satisfy the Anti Money Laundering requirements when Heads of Term are agreed
Viewing

Strictly by prior appointment only with the sole agent, for the attention of Tony Noon Ref (0926)