An investment opportunity situated within the heart of Tavistock town centre with nearby retailers including Co-op, Betfred and Devon Air Ambulance charity shop. The premises offer accommodation at ground floor and basement level.
The retail unit is let at 8,500 per annum with the upper part having been sold on a long lease.
Ground Floor Principal retail space and W.C.
Lower Ground Floor Open storage space.
Tenancy Let on a 10-year fully repairing and insuring lease from 6th December 2016 at a current rental of 8,500 per annum.
EPC Rating C (75). Total Floor Area 63 sq.m.
First Floor Flat Remainder of 999-year lease with a ground rent payable of 50 per annum. Further lease information will be included in the legal documentation, available to download from the Clive Emson website.
Local Planning Authority West Devon Borough Council. Tel: 01822 813600. Website: westdevon.gov.uk.
Auctioneer's Note The property has not been inspected by the Auctioneers. The details have been provided by the Seller and interested applicants should rely on their own investigations to verify the information provided.
Viewing There will be no internal viewings. Interested applicants are requested not to contact the occupants direct.
Commercial EPC: C
Important: All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
Price Information *Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/
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