Property photos
Fixed price
£295,000
(£186.47/sq. ft)
Retail premises for sale
Bank Street, Teignmouth TQ141,582 sq. ft
Local area information
Property location
Nearby amenities
- Teignmouth 0.1 miles
- Teignmouth Community School, Exeter Road 0.3 miles
- Teignmouth Ferry Landing 0.3 miles
- Shaldon Primary School 0.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Teignmouth to find out more about the local area.
Features and description
Investment Consideration:
Gross Initial Yield: 7.22%
Rental Income: £21,300 p.a.
VAT is not applicable to this property
Comprises ground floor shop and a self-contained 2-bedroom cottage at rear Clampet Lane
Teignmouth is a seaside town, fishing port and civil parish in the county of Devon
The property is situated in the heart of the town centre within short walk from Teignmouth Train Station, with occupiers nearby including Costa Coffee, Poundland, Greggs and more.
Property Description:
Comprises mid-terrace ground floor shop t/a Pantry Shop and self-contained 2-bedroom cottage at rear (Clampet Lane), providing the following accommodation and dimensions:
Ground Floor Shop: 68 sq m (732 sq ft)
Open plan retail, storage, ancillary, wc
First/Second Floor Cottage: 79 sq m (850 sq ft)
2 bedrooms, kitchen/living room, bathroom
Total gia: 147 sq m (1,582 sq ft)
Tenancy:
The shop is at present let to an Individual for a term of 15 years from 20th December 2022 at a current rent of £13,500 p.a. P.a. And the lease contains full repairing and insuring covenants. Rent review every 5th year open market upward only. Tenant option to determine every 5th year with min 6 months notice. Lease renewal. Tenant in occupation since 2016
The cottage is at present let on AST to an Individual at a current rent of £7,800 p.a.
Location:
Teignmouth is a seaside town, fishing port and civil parish in the English county of Devon. It is on the north bank of the estuary mouth of the River Teign, about 12 miles south of Exeter. The property is situated in the heart of the town centre within short walk from Teignmouth Train Station, with occupiers nearby including Costa Coffee, Poundland, Co-Op Food, Greggs, Holland & Barrett and many more.
Gross Initial Yield: 7.22%
Rental Income: £21,300 p.a.
VAT is not applicable to this property
Comprises ground floor shop and a self-contained 2-bedroom cottage at rear Clampet Lane
Teignmouth is a seaside town, fishing port and civil parish in the county of Devon
The property is situated in the heart of the town centre within short walk from Teignmouth Train Station, with occupiers nearby including Costa Coffee, Poundland, Greggs and more.
Property Description:
Comprises mid-terrace ground floor shop t/a Pantry Shop and self-contained 2-bedroom cottage at rear (Clampet Lane), providing the following accommodation and dimensions:
Ground Floor Shop: 68 sq m (732 sq ft)
Open plan retail, storage, ancillary, wc
First/Second Floor Cottage: 79 sq m (850 sq ft)
2 bedrooms, kitchen/living room, bathroom
Total gia: 147 sq m (1,582 sq ft)
Tenancy:
The shop is at present let to an Individual for a term of 15 years from 20th December 2022 at a current rent of £13,500 p.a. P.a. And the lease contains full repairing and insuring covenants. Rent review every 5th year open market upward only. Tenant option to determine every 5th year with min 6 months notice. Lease renewal. Tenant in occupation since 2016
The cottage is at present let on AST to an Individual at a current rent of £7,800 p.a.
Location:
Teignmouth is a seaside town, fishing port and civil parish in the English county of Devon. It is on the north bank of the estuary mouth of the River Teign, about 12 miles south of Exeter. The property is situated in the heart of the town centre within short walk from Teignmouth Train Station, with occupiers nearby including Costa Coffee, Poundland, Co-Op Food, Greggs, Holland & Barrett and many more.
More information
Listed by
Blue Alpine Partners
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Blue Alpine Partners. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information.