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Investment

Investment For Sale Tavistock

PROPERTY ID: 138249

PROPERTY TYPE

Investment

STATUS

Available

SIZE

3,968 sq.ft

Key Features

Fully let trade counter investment
Let to Screwfix Direct Ltd
Producing £27,000 pax
Popular location in Tavistock
Long leasehold for sale
NIY 6.48% assuming purchasers costs of 4.18%

Property Details

The property is located on the West Devon Business Park on the outskirts of Tavistock. The business park provides a mix of retail, office and industrial users with a Morrisons supermarket on the adjoining site.

The Property Comprises A Detached Warehouse/ Trade Counter Premises. There Are 5 Customer Parking Spaces To The Front Of The Property And 5 Private Parking Spaces To The Rear. Internally It Has Been Fitted Out By The Tenant To Be An Open-plan Warehouse With Trade Counter, Office, Staff Room And Staff Wcs To The Front. To The Left Of The Unit, We Understand That There Is Circa 2,000 Sq Ft. Of Secure Yard Space Which, As Per Schedule 2 Of The Underlease, The Tenant Has Rights Over The Land To Use The Area For Storage. Location The Property Is Located On The West Devon Business Park On The Outskirts Of Tavistock. The Business Park Provides A Mix Of Retail, Office And Industrial Users With A Morrisons Supermarket On The Adjoining Site. Accommodation All Areas Are Approximate And Measured In Accordance With The Rics Property Measurement (2nd Edition) On A Gross Internal Basis. Ground Floor - 346.4 Sq M (3,728 Sq Ft) Mezzanine - 22.3 Sq M (240 Sq Ft) Total - 368.6 Sq M (3,968 Sq Ft) Rent / Price £400,000 Service Charge A Service Charge Is Levied For The Upkeep And Maintenance Of The Estate, Which The Tenant Is Responsible For Paying. Business Rates From The Valuation Office Agency Website (www.voa.gov.uk) We Understand That The Current Rateable Value Is £22,750, Therefore Making The Approximate Rates Payable £11,352 Per Annum For 2024/25. Interested Parties Are Advised To Confirm The Rating Liability With West Devon Borough Council. Services We Understand That Mains Electricity And Water Are Connected To The Property. Drainage Goes To A Private Pumping Station And Then The Mains. These Services Have Not Been Tested By The Agents. Interested Parties Should Make Their Own Enquiries. Epc E (113) Legal Fees Each Party To Be Responsible For Their Own Legal Fees In Relation To This Transaction. Vat All Figures Quoted Are Exclusive Of Vat If Applicable.

About the Agent

Investment Unit

£400,000 Freehold

Unit 15,Brook Lane, Tavistock, PL19 9DP
Investment - Available
3,968 sq ft
369 sqm
Show phone number

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