Contact our Totnes office

01803 866130

Book a free valuation of your property

Valuation

74 Fore Street, Totnes
£6500 pa *Tenant Info

Property features

• Town centre location
• Parking

SITUATION AND DESCRIPTION
Totnes is a popular market town at the lowest bridged crossing point of the River Dart. The town serves a wide catchment area and benefits significantly from the seasonal influx of tourists.
The property forms part of a Grade II Listed building and is located in the busy central section of the town just below the Eastgate Arch. The property is currently occupied as a charity shop but would be suitable for a variety of alternative uses but would not suit hot food takeaway.

The office space has a kitchen and bathroom, and includes one parking space.

LEASE
The property is available on a new lease for a term of 6 years with a rent review after 3 years and a tenant only break on the 3rd anniversary. The lease is effectively on full repairing and insuring terms (FRI) by way of an annual service charge payable to cover the maintenance, repair redecoration and insurance of the communal parts of the building.

RENT
£6,500 per annum.

SERVICE CHARGE
To cover the tenants share of buildings insurance and maintenance of the property. £960 per annum for the current year.

COSTS
The ingoing tenant will be responsible for the landlords legal and agents costs to a maximum of £1,950 plus VAT.

PARKING
There is one parking space allocated for the office.

BUSINESS RATES
The property is currently let with the shop. Both shop and office are currently rated together with a rateable value of £13,500. This assessment can be split to bring both parts of the property below the £12,000 so that no business rates would be payable for occupiers qualifying for small business rates relief.

EPC
EPC E (117)

VIEWING
By appointment with the agents at The Old Surgery, 26 Fore Street, Totnes. Telephone (01803) 865116.

NOTE
All reasonable steps and due diligence have been taken in preparing these particulars. If you have any queries as to any of the statements made herein, please contact us before the viewing. These particulars do not constitute part of an offer or contract. We are not qualified to test appliances and systems for sale with the property and have not done so. Measurements are to the nearest three inches with computer generated metric conversion.

CODE FOR LEASING BUSINESS PREMISES IN ENGLAND AND
The Code for Leasing Business Premises in England & Wales 2007 advises prospective tenants to seek professional advice before entering into a tenancy agreement. For further details, and to view the Code, please visit www.leasingbusinesspremises.co.uk
 

Set up email alerts about new properties

Register with Stags

How else can Stags help you?

View our property services

To book a viewing or make an enquiry, please complete this form.