High Street Retail Property for sale

East Street, Newton Abbot TQ12


£345,000
1,830 ft²

Description

Situation and description

Newton Abbot is a busy market town, being the commercial centre and heart of the Teignbridge area with a district population of approximately 121,000 extending to some 300,000 within 12.5 miles of the centre. Newton Abbot benefits from a wide catchment area drawing from a large number of small towns and villages in the surrounding area. The premises are located just off East Street and Wolborough Street by the clock tower, directly opposite Austin's department store and just off the prime retail area of Courtenay Street. Newton Abbot offers convenient access to the A380 Exeter to Torquay dual carriageway joining with the M5 Motorway at Exeter, which is approximately 15 miles distant, or Torbay and Torquay to the South which is approximately 10 miles distant.

The premises have traded until recently as a gallery and home interior shop on the ground floor with additional showrooms and storage on the first and second floors. Adjoining and with a separate access from East Street is a 2 bedroomed Maisonette on First and Second Floors which until recently has been let. The access to this flat could also provide access to a second Maisonette using the upper floors of the retail unit, offering a purchaser the opportunity to significantly increase the rental income, subject to the usual consents. The property is convenient for a number of public car parks, and the ground floor with its wide frontage would ideally suit either a retail or Office user seeking to gain a presence in this busy market town. The property is provided with vacant possession of the whole, and would therefore suit an owner occupier or Investor looking to relet the shop and the maisonette above, or seek to add a second residential unit.
Accommodation

Brief details of the accommodation with approximate maximum internal dimensions are as follows:-
Ground floor

Accessed from East Street via a recessed door to ……..

Retail Area No 1 7.36m x 4.33m (24'2 x 14'2) max
Prominent glazed frontage with full depth shop front with recessed glazed entrance door and deep window displays either side. Strip lighting as fitted. Step up to rear and side. To the rear is a …..

Rear Store 3.78m x 3.30m (12'6 x 10'10) max
Concrete floor. Racking as fitted.

Retail Area No 2 8.51m x 5.22m (27'11 x 17'2) max
Impressive Full width glazed window with staging offering an excellent display frontage to East Street. Timber floor. Strip lighting and spot lighting as fitted. Window to rear. Store room to the rear which could be removed if not required. Electric wall heater. Store room to the rear.

Link Area 5.51m x 1.23m (18'1 x 4'0) max
Linking area between Retail areas 1 and 2. Understairs cupboard.

Staff Room / Kitchen 3.83m x 3.14m (12'7 x 10'3) max
Stainless steel sink with single drainer inset into worktops with cupboards below. Over sink water heater. Power and lighting.

From the rear of the shop a staircase leads up to a landing with doors to ….
First floor

Showroom / Store 3 4.90m x 4.05m (15'9 x 13'3) max
To the front of the building. Large window. Power plus strip lighting and spot lighting as fitted.

Showroom / Store 4 3.3m x 3.27m (10'10 x 10'9) max
Window to rear. Feature fireplace with tiled surround and decorative hearth. Storage cupboards either side.

A staircase leads up to the Second floor landing with doors to …..
Second floor

Second Floor Store 5 8.21m x 3.98m (26'11 x 13'1) max
Currently divided into 2 area with windows to front and rear. Second door off the landing area. Shelving fitted to 2 alcoves. Strip lighting and power as fitted.

Toilet
Low level WC suite with wash hand basin and over sink electric water heater. Window.
The maisonette

From the recessed ground floor entrance lobby a staircase leads up to a landing with doors to ……..
First floor

Sitting Room 4.92m x 4.90m (16'2 x 15'9) max
Spacious room with large window to the front with inner secondary glazing. Open fire set into a stone surround with timber over mantle and timber shelving wither side. Electric wall heater.

Kitchen / Dining Area 5.23m x 3.25m (17'2 x 10'8) max
Stainless steel sink unit with single drainer set into worktop with cupboards below. Space for fridge. Plumbing for washing machine. Large widow to rear. Walk in storage cupboard. Further storage cupboards in alcoves either side of chimney breast.

Stairs lead up to a spacious landing with doors to ……
Second floor

Bedroom No 1 4.49m x 4.43m (14'9 x 14'6) max
Spacious room with large window to the front with inner secondary glazing. Feature fireplace with surround and tiled hearth.

Bedroom No 2 3.56m x 2.97m (11'8 x 9'9) max
Window to rear. Storage in alcoves.

Bathroom 2.42m x 2.13m (7'11 x 6'11) max
Panelled bath with electric shower unit over and curtain. Low level WC suite with pedestal wash basin. Window to rear.
Price

Offers are sought in the region of £345,000 for the freehold of this substantial and town centre premises in need of refurbishment with vacant possession on completion. The premises are suitable for either an owner occupier to trade from the shop and either live above or let the Maisonette, or an investor / developer to re arrange the accommodation to provide an additional Maisonette or convert the 2 upper floors into 2 flats (subject to consents).

Business rates - retail premises
Rateable Value: - £10,250 (2017 Valuation list)

We understand that up to a 100% reduction in the rates payable may be available under the Small Business Rate Relief Scheme. For further details as to whether you or the property qualify for this relief, please contact Teignbridge District Council services
We understand that mains water, drainage and electricity are available to the premises.
Legal costs

Each party to be responsible for their own legal costs in the sale.
Energy performance certificate

An EPC has been requested, a summary will be below with a full version available to download from the web site. The rating for the Shop is: The Maisonette is: 29 F
Viewing

Strictly by prior appointment only with the sole agents, for the attention of Tony Noon Ref (0661)

Categories

High Street Retail Property
Call
Property reference
RP03251_40