Withdrawn prior to auction

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A 4 storey Grade II listed building (1,955 sq.ft. - source VOA) comprising ground floor retail premises with 3 floors of retail and ancillary space above in a prime, town centre location. Part vacant, development potential.

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Description/Location

Located in the historic town centre the property was formerly a W H Smith store. It occupies a prominent and highly visible trading position on the town's main shopping street. Ground floor trading area approximately 700 sq.ft (vacant), first floor let on a 1 year lease commencing 10/10/2020 at £860 p.c.m, the upper parts are vacant and have potential for a variety of uses.

Tenure

Freehold

Local Authority

South Hams District Council

Viewing

Please contact Charles Darrow Network Auctions on 01626 330022

Accommodation

Ground floor: Retail shop area approx. 700 sq.ft First floor: Showroom, workshop, kitchen Second floor: Office, store, w.c.'s Third floor: Attic storage

Rent

Current rent £10,320 per annum

Virtual Tour

Virtual Tour 29 High Street

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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.