Retail unit with maisonette for sale in Newton Abbot

This property is marketed by:
Smart Commercial Property Ltd

The premises are prominently located fronting the top of Queen Street, the main road running through the town offering a high degree of visibility for any retailer and close to a number of public car parks and the professional office area of Devon Square and St Pauls Road. The premises would ideally suit either a retail or office use. The maisonette is tenanted with an income of £3,540 per annum, vacant possession subject to termination of the assured shorthold tenancy.

Key features

• Offers are sought in the region of £375,000 for the freehold
• Vacant town centre 1,173 sq. ft (109 sq. m) ground floor retail premises with 1 car parking space plus a 2 bed maisonette on first and second floor with separate access
• The maisonette is currently tenanted but could be provided with vacant possession
• Currently let to William Hill on a 15-year lease from 24th June 2009 at £24,000 per annum, expiring 24th June 2024—AVAILABLE TO LET FROM EXPIRY OF LEASE
• Located in prime shopping area in Newton Abbot with national retailers Argos, Clarks, Costa Coffee, Waterstones, Iceland Foods and HSBC Bank
• 0.8 miles from Newton Abbot Railway Station, 10 miles from Torquay, 15 miles from the M5 and 20 miles from Exeter Airport

Location

Newton Abbot is a busy market town, being the commercial centre and heart of the Teignbridge area with a district population of approximately 121,000. Newton Abbot benefits from a wide catchment area drawing from a large number of small towns and villages in the surrounding area. The premises are a short walk from the town centre and the main line railway station. The property is in the prime shopping area in Newton Abbot with national retailers such as Argos, Clarks, Costa Coffee, Waterstones, Iceland Foods and HSBC Bank. Newton Abbot offers convenient access to the A380 Exeter to Torquay dual carriageway joining with the M5 Motorway at Exeter, which is approximately 15 miles distant, or Torbay and Torquay to the South which is approximately 10 miles distant.

Accommodation