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Retail premises for sale

£15,000 Guide price

12 Bank Street, Teignmouth TQ14

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Property features

  • Very successful Estate Agency premises
  • Highly visible & established location
  • Permitted A1/A2 planning use
  • 7 years left of 10-year renewable lease
  • On crossroads of primary retail area and main road into town
  • 413 square feet of services / retail space
  • Current estate agency business successfully trading from the premises
  • End of fixed term contract for current tenant
  • Available from 1st June 2018
  • Premier Coastal Town

Property description

Property number 41386. Click the "Request Details" button, submit the form and we'll text & email you within minutes, day or night. Why pay for a call?


The premises


The premises are a smart ground floor corner retail unit which has for the past 8 years been occupied by estate agents. This location has been a key to their success.

The premises has a ground floor retail area of over 413 ft with a staff cloakroom and storage cupboard. The outgoing estate agents have a four-desk configuration plus seating area. The premises are also ideal for a variety of trades (but excludes catering).

Display windows along both outdoor walls with double doors. Shop blinds replaced some 3 years ago. New roof replaced some 4 years ago. The premises was fully re-wired in 2010. Smart ‘Karndean’ style wood-effect flooring also laid with new floor structure in 2010.

Staff cloakroom with toilet and wash hand basin. Electric points for kettle etc. Shelving.

Free short-term parking spaces close by.


Location


Probably the most visible trading position in the town centre, on the crossroads between the main road serving the town and the main shopping street. Nearby traders include the Co-Operative Supermarket which is open until 10pm Mondays to Saturdays, Costa Coffee, Holland & Barratt, Card Factory and two other estate agents, (both in less prominent locations!).
Teignmouth is a vibrant coastal town with a good housing mix from one-bedroom apartments to large houses enjoying sea and estuary views. Boasting a town centre Waitrose and an edge of town Morrisons supermarkets plus a range of schools, numerous doctors and dentists and all the usual seaside facilities plus a deep-water harbour and golf course. Travel links are excellent being on the main railway line to Paddington and easy access to the M5. The average house price paid is £300,400 with a 2.49% price increase over the last 12 months according to Zoopla.


Tenure


The premises are held on a 10-year renewable lease from June 2015 at a current rent £13,000 per annum which will be assigned.
An incoming tenant will need to provide the usual bank and trade references for freeholder's approval.
Ingoing tenant to pay landlords reasonably incurred lease set-up / transfer fees


Services


Mains electricity, water and drainage


Business rates


The Rateable Value is £12,750. We understand from Teignbridge District Council that the amount payable in 2018/19 is £1,530 for this single location.


Energy performance certificate


Rate “C”


VAT


No VAT payable.

If you're interested in this property please click the "Request Details" button above

Property info

Floorplan(s): Floorplan 1

View original

What Zoopla users think of Teignmouth

Overall rating:

  • currently 4 stars
Very good - 78% (55 ratings)

Ratings breakdown:

  • currently 4.5 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 3.5 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

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Community & safety
  • currently 0 stars
  • 4
  • 1
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  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Teignmouth (0.1 miles)
  • Dawlish (2.8 miles)
  • Dawlish Warren (4.3 miles)
  • Exeter International Airport (13.5 miles)
  • Cardiff Airport (59.2 miles)
  • Bristol Airport (67.0 miles)
  • Teignmouth Ferry Landing (0.3 miles)
  • Shaldon Teignmouth Ferry Landing (0.5 miles)
  • Exmouth Ferry Landing (5.9 miles)

Nearby schools

View all schools in Teignbridge
  • Shaldon Primary School (0.7 miles)
  • Our Lady and St Patrick's Roman Catholic Primary School (0.7 miles)
  • Teignmouth Community School, Mill Lane (0.9 miles)
  • EF Academy Torbay (5.6 miles)
  • Exeter Mathematics School (12.5 miles)
  • King's College (36.6 miles)
  • Teignmouth Community School, Exeter Road (0.5 miles)
  • Trinity School (0.7 miles)
  • Ratcliffe School (2.0 miles)
Note: Distances are straight line measurements

Local info for Teignbridge

About the neighbours in TQ14

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Visum, and do not constitute property particulars. Please contact Visum for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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