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Valuation

Ticklemore Street, Totnes
£11500 pa *Tenant Info

Property available on: 03/01/2022

Property features

• Good location
• Total net internal floor area approximately 48.8 sq m (525 sq ft)

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.

The Plains is a commercial location leading to the bottom of 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 prominance to a bury vehicular thoroughfare.

DESCRIPTION
8 The Plains Shopping Centre is a ground floor shop in a corner location with a frontage to The Plains and a return frontage to Dartmouth Close. Currently a Bridal Shop, it is suitable for a variety of retail uses but the owners would not wish for a new use that competes directly with other tenants in the shopping centre. The shop extends to 98.8 sq m (525 sq ft), plus kitchen/staff area 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 a range of discerning shoppers

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

RENT
Initial rent £11,500 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 to a maximum of £1,950 + VAT.

EPC
Band C

BUSINESS RATES
The property currently has a Rateable Value of £10,000. 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 to confirm this information.

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

CODE FOR LEASING BUSINESS PREMISES
CODE FOR LEASING BUSINESS PREMISES IN ENGLAND AND WALES 2007:
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
 

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