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3-4 Market Rd 615 sq ft Office / Retail Unit Offered at £150,000 in Tavistock PL19 0BW
INVESTMENT HIGHLIGHTS
- 57.1 SQ.M. (615 SQ.FT.)
- CURRENTLY LET TO MANSBRIDGE BALMENT (LETTINGS) LIMITED
- EPC D
- JUST OFF BROOK STREET BY WHITE STUFF & CREW CLOTHING
- GROSS YIELD OF 7.6%
EXECUTIVE SUMMARY
A self contained ground floor retail/office unit that forms part of the conversion of an old dairy building of masonry construction. The premises are located fronting Market Road close to its junction with Brook Street and the Prime shopping area of the town centre. Nearby retailers include White Stuff, Crew Clothing, Mountain Warehouse and Costa.
PROPERTY FACTS
| Total Property Size | 1,230 sq ft | Floors | 2 |
| Property Type | Retail (Unit) | Typical Floor Size | 615 sq ft |
| Property Subtype | Shopfront | Year Built | 1830 |
| Costar Property Class | B | Total Plot Size | 0.65 ac |
| Total Property Size | 1,230 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 615 sq ft |
| Year Built | 1830 |
| Total Plot Size | 0.65 ac |
AMENITIES
- EPC - D
1 UNIT AVAILABLE
Unit 4
| Unit Size | 615 sq ft | Unit Use | Office / Retail |
| Price | £150,000 | Sale Type | Investment |
| Price Per sq ft | £243.90 | Tenure | Long Leasehold |
| Unit Size | 615 sq ft |
| Price | £150,000 |
| Price Per sq ft | £243.90 |
| Unit Use | Office / Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
DESCRIPTION
The premises comprise a self contained ground floor retail/office unit that forms part of the conversion of an old dairy building, and provides modern standard space that includes gas central heating. There is a separate office/meeting room and good sized kitchen as well as a toilet.
SALE NOTES
The premises are offered by way of remainder of a 125 year lease from 11 August 2000 subject to an occupational lease to Mansbridge Balment (Lettings) Limited for a term of 6 years from 16th December 2024 at an initial rent of £11,400 per annum.
Sale price £150,000 showing a gross yield of 7.6%.
NEARBY MAJOR RETAILERS
Presented by
3-4 Market Rd
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