Property photos
£600,000
(£83.82/sq. ft)
Office for sale
Den Crescent, Teignmouth TQ147,158 sq. ft
Local area information
Property location
Nearby amenities
- Teignmouth 0.2 miles
- Teignmouth Ferry Landing 0.3 miles
- Teignmouth Community School, Exeter Road 0.4 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
- Substantial town centre Grade ll Listed property
- Currently tenanted by Doctors surgery on 3 floors
- 2 two bedroom flats above in need of modernisation
- Current rental income of £68,300 pa in total
- Development potential subject to planning consent etc
Situation and description
Teignmouth is a popular and historic seaside resort situated on the South Devon coast between the River Exe and River Teign estuaries. Teignmouth is located approximately 16 miles south of Exeter and 7 miles west of Newton Abbot. Road access is principally via the A379 which forms the picturesque coastal route from Exeter to Newton Abbot and onto Torbay. Access to the M5 motorway is available at either junction 30 approximately 12 miles away, or via the A380 dual carriageway linking with the M5 at Exeter. The town enjoys a mainline railway station with regular service to London (Paddington). Teignmouth has a good resident population which is significantly increased in the summer months.
This Grade 11 listed mid terraced property offers a spacious 5 storey building comprising a Doctors Surgery and offices on the Lower Ground, Ground and First floors, with a public entrance from the Waterloo Street at the rear, plus a private entrance from Den Crescent for the Offices plus the 2 flats over. Both the second and third floors have been converted into a 2 bedroom flat which are also let. The premises therefore offers an investor a significant rental income, with development potential in the future for further residential conversion of the remainer of the building, subject to all the necessary consents.
Accommodation
Brief details of the existing accommodation with approximate maximum internal dimensions are as follows:-
Lower ground floor
Entrance from Waterloo Street via an electric door into a ….
Lobby
With Lift to Ground and First Floors plus doors leading to ….
Waiting Room 6.27m x 4.05m (20’7” x 13’3”) max
Spacious room with access to inner hallway.
Toilet
WC suite and wash hand basin.
Reception 2.96m x 1.76m (9’9” x 5’9”) max
Glazed counter to waiting area.
Practice Nurse 1 4.30m x 3.67m (14’1” x 12’0”) max
Range of wall and base units to one wall. 2 stainless steel sinks with drainer.
Practice Nurse 2 3.10m x 2.58m (10’2” x 8’6”) max
Range of wall and base units to one wall. 2 stainless steel sinks with drainer.
Practice Nurse 3 3.89m x 2.17m (12’9” x 7’1”) max
Range of wall and base units to one wall. 2 stainless steel sinks with drainer.
Consulting Room 1 4.91m x 2.58m (16’1” x 8’6”) max
Window to front. Vanity unit with wash basin.
Consulting Room 2 4.93m x 2.67m (16’2” x 8’9”) max
Window to front. Vanity unit with wash basin. Old kitchen range.
Inner corridor
With stairs to ground floor entrance and door to front courtyard with external stairs to Den Crescent.
Toilet
WC suite with wash hand basin.
Lift from the rear reception area or stairs at the front lead up to ….
Ground floor
Entrance hall from Den Crescent with double doors to inner lobby with stairs leading to the first floor offices and the flats on second and third floors.
Reception / Waiting Room 5.06m x 1.71m (16’7” x 5’7”) max
Reception counter with waiting area and doors to ….
Office No 1 3.11m x 2.30m (10’2” x 7’6”) max
Glazed counter to waiting area.
Office No 2 7.07m x 4.26m (23’2” x 13’1”) max
Skylight. Marble fireplace with overmantel and cast iron grate.
Consulting Room No 3 4.93m x 2.76m (16’2” x 9’0”) max
Window to front. Wash basin in vanity unit.
Consulting Room No 4 4.93m x 2.76m (16’2” x 9’0”) max
Window to front. Wash basin in vanity unit.
Toilet
WC suite with wash hand basin.
Lift
8 person lift to Lower Ground Floor and First Floor.
Consulting Room No 5 4.20m x 2.93m (13’9” x 9’7”) max
2 roof lights. Wash basin with vanity unit.
Office No 3 4.42m x 3.18m (14’6” x 10’5”) max
2 sky lights.
Kitchen
Range of wall and base units with stainless steel sink and single drainer. Valliant boiler plus hot water tank. Sky lights.
First floor
Rear Office No 4 4.15m x 2.05m (13’7” x 6’9”) max
Windows to rear.
Toilet
WC suite and wash hand basin.
Lift and stairs access to Ground Floor from the inner lobby. Stair also lead up to the 2 flats above.
Staff / Cloakroom Room 4.14m x 2.95m (13’7” x 9’8”) max
Doors to inner lobby.
Office No 5 5.63m x 4.07m (18’6” x 13’4”) max
Window to ear.
Office No 6 8.05m x 4.96m (26’5” x 16’3”) max
3 windows to front elevation.
The flats
The 2 flats are accessed from a staircase leading up from the main entrance hall leading off Den Crescent to the front of the building.
Second floor flat
Approached from a landing with door to …
Sitting Room 5.09m x 4.07m (16’8” x 13’4”) max
Window to front with view to the sea.
Kitchen 3.02m x 2.57m (9’11” x 8’5”) max
Basic range of wall and base units with worktops and inset stainless steel sink with single drainer. Space for fridge. Electric cooker point. Plumbing for washing machine. Window to rear.
Bedroom No 1 5.63m x 3.99m (18’6” x 13’1”) max
Bedroom No 2 4.04m x 3.83m (9’11” x 8’5”) max
Bathroom
Panelled bath with WC suite and pedestal wash basin. Window.
Third floor flat
Approached from the above Landling with door to ….
Sitting Room 5.04m x 3.52m (16’6” x 11’6”) max
Dormer window to front with sea views.
Kitchen / Breakfast Room 4.79m x 2.85m (15’9” x 9’4”) max
Window to rear. Range of wall and base units. Stainless steel sink with single drainer. Electric cooker point. Space for fridge.
Bedroom No 1 4.56m x 3.93m (15’0” x 12’11”) max
Dormer window overlooking the sea.
Bedroom No 2 3.47m x 2.90m (11’4” x 9’6”) max
Window to rear.
Bathroom
Panelled bath. Pedestal wash hand basin. WC suite. Window to rear.
Externally
To the front of the property are 5 Car Parking spaces which have been used by the surgery in the Crescent Car Park. The property benefits from an entrance at the front from Den Crescent, plus a further entrance at the rear from Waterloo Street.
Services
We are advised mains water, drainage and electricity are available.
Lease and tenancy agreements
Doctors Surgery
The Basement, Ground and First Floor is currently let on a new 3 year lease to the Channel View Medical Practice from the 1st April 2025 at a rent of £57,400 per annum. We understand that the lease is drawn on the basis that the Landlords are responsible for the external repair and maintenance with the tenants responsible for the internal repair and decoration, the lift maintenance, plus a share of the common areas via a service charge.
Agents note:
We understand that the nhs were hoping to relocate the surgery to a new purpose built premises in Brunswick Street, but this has now been postponed. The Channel View Medical Practice have therefore requested a new 3 year lease of the premises and have accepted an uplift on the rent. Full details available on request.
Upper floor flats
The 2 flats above have been let on AST agreements as below:-
Flat 2 (Second Floor)
AST agreement dated the 16th April 2025 at a rent of £440 pcm (£5,280 per annum)
Flat 3 (Third Floor)
AST agreement dated the 16th April 2025 at a rent of £470 pcm (£5,640 per annum)
Both flats are now a little tired and would benefit from refurbishment.
Price and tenure
Offers are sought in the region of £600,000 for the freehold of this well-located premises currently producing a rental income of £68,300 per annum, and with potential to increase the rents on the flats if improvement works are completed. The premises also have redevelopment potential once the Surgery relocates into new premises. This would offer an initial gross return of around 10.5% after purchase costs. We understand that VAT is not chargeable on the sale price.
Energy performance certificate
An EPC has been requested for the premises, a full copy will be available to download from the web site. The rating for the Offices is: E 113. The Rating for Flat 2 is: F 25 and Flat 3 is: G 14. We understand that an exemption has been registered to allow these premises to be let whilst the current tenants are in occupation.
Rateable value
Offices - £28,750 (2023 Valuation List)
Flat 2: - Council Tax Band B
Flat 3: - Council Tax Band B
Please contact Teignbridge Council for any queries legal costs
Each party to bear their own legals costs for this transaction.
Viewing
Strictly by prior appointment only with the sole agent, for the attention of Tony Noon Ref (0855)
Teignmouth is a popular and historic seaside resort situated on the South Devon coast between the River Exe and River Teign estuaries. Teignmouth is located approximately 16 miles south of Exeter and 7 miles west of Newton Abbot. Road access is principally via the A379 which forms the picturesque coastal route from Exeter to Newton Abbot and onto Torbay. Access to the M5 motorway is available at either junction 30 approximately 12 miles away, or via the A380 dual carriageway linking with the M5 at Exeter. The town enjoys a mainline railway station with regular service to London (Paddington). Teignmouth has a good resident population which is significantly increased in the summer months.
This Grade 11 listed mid terraced property offers a spacious 5 storey building comprising a Doctors Surgery and offices on the Lower Ground, Ground and First floors, with a public entrance from the Waterloo Street at the rear, plus a private entrance from Den Crescent for the Offices plus the 2 flats over. Both the second and third floors have been converted into a 2 bedroom flat which are also let. The premises therefore offers an investor a significant rental income, with development potential in the future for further residential conversion of the remainer of the building, subject to all the necessary consents.
Accommodation
Brief details of the existing accommodation with approximate maximum internal dimensions are as follows:-
Lower ground floor
Entrance from Waterloo Street via an electric door into a ….
Lobby
With Lift to Ground and First Floors plus doors leading to ….
Waiting Room 6.27m x 4.05m (20’7” x 13’3”) max
Spacious room with access to inner hallway.
Toilet
WC suite and wash hand basin.
Reception 2.96m x 1.76m (9’9” x 5’9”) max
Glazed counter to waiting area.
Practice Nurse 1 4.30m x 3.67m (14’1” x 12’0”) max
Range of wall and base units to one wall. 2 stainless steel sinks with drainer.
Practice Nurse 2 3.10m x 2.58m (10’2” x 8’6”) max
Range of wall and base units to one wall. 2 stainless steel sinks with drainer.
Practice Nurse 3 3.89m x 2.17m (12’9” x 7’1”) max
Range of wall and base units to one wall. 2 stainless steel sinks with drainer.
Consulting Room 1 4.91m x 2.58m (16’1” x 8’6”) max
Window to front. Vanity unit with wash basin.
Consulting Room 2 4.93m x 2.67m (16’2” x 8’9”) max
Window to front. Vanity unit with wash basin. Old kitchen range.
Inner corridor
With stairs to ground floor entrance and door to front courtyard with external stairs to Den Crescent.
Toilet
WC suite with wash hand basin.
Lift from the rear reception area or stairs at the front lead up to ….
Ground floor
Entrance hall from Den Crescent with double doors to inner lobby with stairs leading to the first floor offices and the flats on second and third floors.
Reception / Waiting Room 5.06m x 1.71m (16’7” x 5’7”) max
Reception counter with waiting area and doors to ….
Office No 1 3.11m x 2.30m (10’2” x 7’6”) max
Glazed counter to waiting area.
Office No 2 7.07m x 4.26m (23’2” x 13’1”) max
Skylight. Marble fireplace with overmantel and cast iron grate.
Consulting Room No 3 4.93m x 2.76m (16’2” x 9’0”) max
Window to front. Wash basin in vanity unit.
Consulting Room No 4 4.93m x 2.76m (16’2” x 9’0”) max
Window to front. Wash basin in vanity unit.
Toilet
WC suite with wash hand basin.
Lift
8 person lift to Lower Ground Floor and First Floor.
Consulting Room No 5 4.20m x 2.93m (13’9” x 9’7”) max
2 roof lights. Wash basin with vanity unit.
Office No 3 4.42m x 3.18m (14’6” x 10’5”) max
2 sky lights.
Kitchen
Range of wall and base units with stainless steel sink and single drainer. Valliant boiler plus hot water tank. Sky lights.
First floor
Rear Office No 4 4.15m x 2.05m (13’7” x 6’9”) max
Windows to rear.
Toilet
WC suite and wash hand basin.
Lift and stairs access to Ground Floor from the inner lobby. Stair also lead up to the 2 flats above.
Staff / Cloakroom Room 4.14m x 2.95m (13’7” x 9’8”) max
Doors to inner lobby.
Office No 5 5.63m x 4.07m (18’6” x 13’4”) max
Window to ear.
Office No 6 8.05m x 4.96m (26’5” x 16’3”) max
3 windows to front elevation.
The flats
The 2 flats are accessed from a staircase leading up from the main entrance hall leading off Den Crescent to the front of the building.
Second floor flat
Approached from a landing with door to …
Sitting Room 5.09m x 4.07m (16’8” x 13’4”) max
Window to front with view to the sea.
Kitchen 3.02m x 2.57m (9’11” x 8’5”) max
Basic range of wall and base units with worktops and inset stainless steel sink with single drainer. Space for fridge. Electric cooker point. Plumbing for washing machine. Window to rear.
Bedroom No 1 5.63m x 3.99m (18’6” x 13’1”) max
Bedroom No 2 4.04m x 3.83m (9’11” x 8’5”) max
Bathroom
Panelled bath with WC suite and pedestal wash basin. Window.
Third floor flat
Approached from the above Landling with door to ….
Sitting Room 5.04m x 3.52m (16’6” x 11’6”) max
Dormer window to front with sea views.
Kitchen / Breakfast Room 4.79m x 2.85m (15’9” x 9’4”) max
Window to rear. Range of wall and base units. Stainless steel sink with single drainer. Electric cooker point. Space for fridge.
Bedroom No 1 4.56m x 3.93m (15’0” x 12’11”) max
Dormer window overlooking the sea.
Bedroom No 2 3.47m x 2.90m (11’4” x 9’6”) max
Window to rear.
Bathroom
Panelled bath. Pedestal wash hand basin. WC suite. Window to rear.
Externally
To the front of the property are 5 Car Parking spaces which have been used by the surgery in the Crescent Car Park. The property benefits from an entrance at the front from Den Crescent, plus a further entrance at the rear from Waterloo Street.
Services
We are advised mains water, drainage and electricity are available.
Lease and tenancy agreements
Doctors Surgery
The Basement, Ground and First Floor is currently let on a new 3 year lease to the Channel View Medical Practice from the 1st April 2025 at a rent of £57,400 per annum. We understand that the lease is drawn on the basis that the Landlords are responsible for the external repair and maintenance with the tenants responsible for the internal repair and decoration, the lift maintenance, plus a share of the common areas via a service charge.
Agents note:
We understand that the nhs were hoping to relocate the surgery to a new purpose built premises in Brunswick Street, but this has now been postponed. The Channel View Medical Practice have therefore requested a new 3 year lease of the premises and have accepted an uplift on the rent. Full details available on request.
Upper floor flats
The 2 flats above have been let on AST agreements as below:-
Flat 2 (Second Floor)
AST agreement dated the 16th April 2025 at a rent of £440 pcm (£5,280 per annum)
Flat 3 (Third Floor)
AST agreement dated the 16th April 2025 at a rent of £470 pcm (£5,640 per annum)
Both flats are now a little tired and would benefit from refurbishment.
Price and tenure
Offers are sought in the region of £600,000 for the freehold of this well-located premises currently producing a rental income of £68,300 per annum, and with potential to increase the rents on the flats if improvement works are completed. The premises also have redevelopment potential once the Surgery relocates into new premises. This would offer an initial gross return of around 10.5% after purchase costs. We understand that VAT is not chargeable on the sale price.
Energy performance certificate
An EPC has been requested for the premises, a full copy will be available to download from the web site. The rating for the Offices is: E 113. The Rating for Flat 2 is: F 25 and Flat 3 is: G 14. We understand that an exemption has been registered to allow these premises to be let whilst the current tenants are in occupation.
Rateable value
Offices - £28,750 (2023 Valuation List)
Flat 2: - Council Tax Band B
Flat 3: - Council Tax Band B
Please contact Teignbridge Council for any queries legal costs
Each party to bear their own legals costs for this transaction.
Viewing
Strictly by prior appointment only with the sole agent, for the attention of Tony Noon Ref (0855)
More information
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