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Valuation

Ticklemore Street, Totnes
£9500 pa *Tenant Info

Property features

• Good location
• Total net internal floor area approximately 66.3 sq m (713 sq ft)
• Available summer 2020

SITUATION
Totnes is a very popular South Devon market town located at the lowest bridged crossing point of the River Dart. It serves a large rural hinterland and benefits enormously from a seasonal influx of tourists.

Ticklemore Street is a commercial location off Fore Street in the centre of Totnes. It is popular with a range of retailers, professional services and cafes/restaurants. It connects the lower reaches of the town with a public car park, so consequently benefits from a good level of pedestrian footfall.

DESCRIPTION
9/9a The Plains Shopping Centre is a ground floor shop in a level location at the foot of the town centre. Formerly an IT shop, it is suitable for a variety of retail uses. The retail area extends to 46.1 sq m (496 sq ft) plus office and W.C.

The recent letting of the largest shop in the centre to Eversfield Organics will hopefully complement the other businesses in the centre which will ensure this becomes a destination for all things healthy and wholesome.

LEASE
The property is available on a new proportionately full repairing and insuring lease, terms to be agreed. The Landlord would accept a new 6 year Lease with a tenant only break clause and rent review at the end of the third year.

RENT
Initial rent £9,500 per annum plus VAT. Estimated service charge.

LEGAL COSTS
The Landlord may require the tenant to make a reasonable contribution to the legal fees incurred in granting a new lease.

EPC
Band C (72)

BUSINESS RATES
The property currently has a Rateable Value of £7,800. This is not the amount payable, and qualifying businesses may be eligible for Small Business Rates Relief.

Interested parties are advised to make inquiries with the rating authority, South Hams District Council.

SERVICES
Mains water and electricity.

VIEWING
Strictly by appointment with the agents, Michelmore Hughes Stags, 26 Fore Street, Totnes, Devon TQ9 5DX.

01803 865116 or commercial@stags.co.uk
 

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