Skip to content
Get brand editions for Charles Head, Kingsbridge
COMMERCIAL

Church Street, Kingsbridge, TQ7

Guide Price
£180,000
Charles Head, Kingsbridge
PROPERTY TYPE

Commercial Property

BEDROOMS

2

BATHROOMS

2

SIZE

Ask agent

Key features

  • Located in the heart of Kingsbridge
  • Offering a Net Initial Yield (NIY) of 6.75%
  • Comprising a ground floor retail unit and a self-contained two-bedroom maisonette above.
  • Currently tenant in situ

Description

Proposal- The Freehold of the property, subject to the shop lease and flat AST, is available at a guide price of £180,000. A purchase at this price would provide an Investor a NIY of 6.75% allowing for purchaser costs at 2.13 %.

Description- The property is situated near to the Quay area close to the Post Office and near to Fore Street the principal shopping street. A 3 storey property comprising Lock up shop and Maisonette over. The 2 storey living accommodation is arranged as Kitchen/Diner , Living room and stairs to a double and a single bedroom with shared Bathroom. The property has a pitched slate roof with tile hung external elevations a chimney not in use and UPC double glazed casement windows. The ground floor Lock up shop comprises two rooms currently arranged as a retail unit and rear consultancy clinic including under stairs storage and a WC. The maisonette has a separate independent access adjacent to the Ground Floor Shop. The property is in a flood risk zone; however, the vendor has added a new flood gates to prevent damage should there be a very bad flood.

Location- The town of Kingsbridge, which has a resident population of approximately 4,300, is situated some 12 miles southwest of Totnes and 18 miles south east of Plymouth. Road access to Kingsbridge is principally via the A379 linking with Plymouth & Totnes. Access to the A38 dual carriageway is available at Buckfastleigh, approximately 18 miles from the town centre Kingsbridge has a good mix of retail and local facilities and as a town has a very low level of retail vacancy.

Commercial Lease- The shop is let to Redburne and Redburne for a term of 6 yrs from 18 March 2024 subject to a rent review as at 18 March 2027 and two Tenant operable break clauses (6 months notice) as at 18 March 2026 and 2028. The current rent passing is £5,500pax. Flat Tenancy- The Flat is let on a AST at a rent of £575 PCM so £6,900 pax. The Total Passing rental combined is £12,400 pax

Ground Floor Shop 32.7 sq m (352.3 sq ft) All Zone A. Maisonette - First Floor 32.9 sq m (353.7 sq ft) Maisonette- Second Floor 33.9 sq m (365.3 sq ft)

Tenure: Freehold

VAT - VAT is applicable on the sale Price.

Services: We are advised that mains electricity, water and foul drainage are connected to the premises. No Gas. We confirm that we have not tested any of the service installations and any prospective occupier or buyer must satisfy themselves independently as to the state and condition of such items.

EPC: The EPC can be provided on request for the shop and Maisonette.

User- Class E -Retail

Legal Costs- Each party to bear their own legal costs in the transaction.

AML - Anti Money Laundering. In accordance with AML regulations, the successful purchaser or tenant will be required to comply with procedures at the time the transaction is agreed.

Viewings: Very strictly by appointment only

IMPORTANT NOTICE: We would like to inform prospective purchasers that these sales particulars have been prepared as a general guide only. They are prepared and issued in good faith and are intended to give a fair description of the property, but do not constitute part of an offer or contract. Any description or information given should not be relied on as a statement or representation of fact that the property or its services are in good condition. Neither Charles Head, nor any of its employees, has any authority to make or give any representation or warranty whatsoever in relation to the property. Floorplans are for guidance purposes only and may not be to scale. The photographs show only certain parts and aspects of the property at the time they were taken. Any reference to alterations to, or use of, any part of the property is not a statement that any regulations or other consent has been obtained. . If there are any important matters likely to affect your decision to buy, please contact us before viewing the property. ALL STATEMENTS CONTAINED IN THESE PARTICULARS AS TO THIS PROPERTY ARE MADE WITHOUT RESPONSIBILITY ON THE PART OF CHARLES HEAD.

Brochures

Brochure 1

Energy Performance Certificates

EPC 1

Church Street, Kingsbridge, TQ7

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Ivybridge Station9.5 miles
Get brand editions for Charles Head, Kingsbridge

About Charles Head, Kingsbridge

113 Fore Street, Kingsbridge, TQ7 1BG
Industry affiliations:

Charles Head is proud to have been selling property and land in the area for over a century which means we draw on a myriad of local connections and a wealth of understanding. With an outstanding reputation built on our knowledge of the geographical area, local insight and integrity, there's no-one better to meet your property needs in the South Hams. By choosing us you will benefit from this insight and unrivalled knowledge.

Our sales negotiators work hard to carry out valuations and viewings, and to negotiate offers to ensure we achieve the highest price for your property. Once an offer has been accepted our dedicated sales progression team liaise with solicitors, agents, vendors and purchasers to make sure the sale progresses as fast as possible and all parties are regularly updated.

We ultimately offer a friendly and professional service that you can trust. Add to this the power of a local and national marketing network created via carefully chosen property portals, targeted publications and social media which should assure you that you are in safe hands. Choosing Charles Head will result in the best possible outcome for your asset.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 29153839. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Charles Head, Kingsbridge. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.