Sold for an £211,000

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A freehold commercial property set over 3 floors, plus a workshop to the rear - total area 3,530 sq.ft. source EPC - development potential

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Description/Location

A Grade II listed 3 storey commercial property with planning approved - Teignbridge Council ref: 18/01744/FUL : New shop front incorporating two doors to separate shop from proposed first/second floor accommodation and internal alterations. The property was previously let at £17,000 per annum. Potential to increase to £28,000 subject to planning and alterations. The workshop to the rear is currently let on an IRO lease for 6 years from November 2018 at £7,000 per annum.

Tenure

Freehold
EPC rating E/108

Local Authority

Teignbridge District Council

Viewing

Please contact Charles Darrow Network Auctions on 01626 330022

Accommodation

Ground floor: Shop/office space with stairs to the first floor office, secondary staircase to the rear of the building accessing all upper floors. First floor: Open plan office space, access rear stairwell, WC Second floor: Staff room with kitchenette, further office room Outside: Workshop to the rear with vehicular access

Rent

Potential rent £28,000 per annum

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.