Property for sale

The Plains, Totnes TQ9

Guide price
£800,000-£825,000
Freehold and Part Long Leasehold Restaurant, Retail, Office and Ground Rent Investment

Tenure

Freehold and Part Long Leasehold of units C8, C9 and C10 (Held on similar leases for 999 years from 16.06.2006 at a current ground rent of a peppercorn - approximately 979 years unexpired)
Long Leasehold of Strip of Land (Held on a lease for 130 years from 25.03.1986 at a current ground rent of a £400 p.a.. The rent is recovered through service charges - approximately 90 years unexpired)

Location

Totnes is a historic market town situated in South Devon, approximately 5 miles west of Paignton, 7 miles west of Torquay
The town benefits from good road communications, with the A38 Devon Expressway situated approximately 3 miles to the north, providing access towards Exeter and Plymouth
Totnes Railway Station is situated approximately 1 mile to the north-east of the property and provides direct services towards Exeter and Plymouth, with onward connections to London Paddington
The property is situated on the east side of The Plains, at its junction with, Coronation Road, Fore Street and Bridgetown
Occupiers close by include a mixture of leisure operators and an array of local retail tenants
Additional Charges

Additional Charges

Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.

Pre-Registration Approval Bid

Pre-registration approval to bid
Allsop now require all bidders who wish to bid at our Auctions to register beforehand. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given. Please use the links on our website to pre-register.
Following approval to bid, the buyer named in your registration cannot be changed without consent (for which a charge might be made).
Guide Prices
1. A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price.
2. Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure.
3. The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website and you should check the website regularly for updates and on the day of the auction.
4. All guide prices are quoted "subject to contract".
5. Please note the guide price for the Lot does not include:
- any Buyers' Fee charged by the auctioneers;
- VAT on the sale price;
- sdlt or any other Government taxes;
- additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers.
6. If a guide price is listed as "tba", it means no guide price has been set at present. Please do not call our office about this - the guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction.
Reserve Prices
7. The reserve price is the minimum price at which the Lot can be sold.
8. Whilst every effort is made to ensure that the advertised guide prices are up-to-date. It is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price just before the Lot is offered for sale and you should check the website regularly for updates and on the day of the auction.
Buyers' fees, Seller's fees and additional charges
9. For each Lot, a Buyers' Fee is payable on the fall of the hammer to Allsop llp as follows:
Residential Auctions
- Lots sold for £10,000 or more: Buyers' Fee of £2,000 inclusive of VAT
- Lots sold for less than £10,000: Buyers' Fee of £300 inclusive of VAT
Commercial Auctions
- All Lots: Buyers Fee £1,500 excluding VAT
10. Additional charges and fees might be charged by the seller and/or other third parties . You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.
11. VAT may be chargeable in addition to the sale price for the Lot. The Lot Particulars and/or the Special Conditions of Sale will indicate whether VAT applies.
Other Matters
12. Please note that Lots may be sold or withdrawn at any time prior to auction.
13. Please note that the amount of Bidder Security (payable on application to bid at the auction) and the Buyer's Fee may each be varied from the standard amounts quoted. Please refer to the addendum, the Particulars and/or the conditions of sale.
14. Street Trader plans are reproduced with the consent of Edozo Ltd or Experian Goad Ltd. These include mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty's Stationery Office. © Crown Copyright. All rights reserved. Licence number pu . Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty's Stationery Office, © Crown copyright and Database Rights 2018 os . The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not to be taken as drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries or which direction the lot is facing.
The Auctioneers do not warrant or represent that any plans or photographs show the up to date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.
16. Please note Allsop will not be liable for any loss, inconvenience or costs incurred as a result of our agents failure to attend or being late for a scheduled viewing.
17. *“notice – renters' rights act 2025. Please take note if you wish to bid on a property with a tenancy.
This Act is in force from 1 May 2026. From that date, all assured tenancies in the private rented sector will become rolling (“periodic”) tenancies and the current system of fixed term assured shorthold tenancies will no longer apply. Tenancies signed on or after 1 May 2026 will be subject to the new rules.
If you are purchasing a property currently let on an assured shorthold tenancy, the tenancy may no longer operate as described in the tenancy schedule or legal pack if completion falls on or after 1 May 2026. Other changes under the Act also apply.
This notice is for your information only and you should take legal advice before bidding and review Government Guidance available at: ;