18 Fore Street - KINGSBRIDGE

£299,500 UNDER OFFER

3 Bedrooms
3
1 Bathrooms
1
Kingsbridge Office: 01548 852352

Click on an image to enlarge.

Click on image above for a larger floor plan.

Click on image above for a larger floor plan.

An excellent investment opportunity. A large retail shop together with a spacious maisonette over located in a highly visible retail trading area of the town with a high pedestrian footfall. The property is mid-terrace with dressed stone facade under a slated roof.

The ground floor, currently A1 permitted use is currently let under lease to Axminster Oak at a rent of £14,500 per annum. The Maisonette that occupies the first and second floors is normally let on an assured shorthold tenancy that is likely to produce around £8,000 per annum in rent. Overall the anticipated income is likely to be in the region of £22,500 per annum.

Tenure: Freehold

Post Code: TQ7 1NY

Council Tax Band: A

Energy Performance Certificate:
This property is currently undergoing energy performance certification.

Click floor plan to enlarge.

Click floor plan to enlarge.

Click Here to open in Google Maps

The Ground Floor Retail Shop comprises

A double fronted entrance. Overall it is 8.83m wide max x 8.10m depth max including the Vestibule, the area is approximately 71.62m² (770SQFT), extensive shelving, laminated floor covering and spotlights.

Inner Stock Room/Kitchen - Ground Floor

3.62 x 2.52 = 9.13m² (98SQFT), stainless steel sink and electric water heater.

Separate WC - Ground Floor

with basin (In courtyard to rear).

The Maisonette

Is situated directly above the shop and approached via a self contained doorway access next to the shop which leads into a Courtyard Area, ground floor access to a:

Hall

Utility Room

9'3" x 4'8"   |   2.84 x 1.43

with stainless steel sink.

Staircase to the:

First Floor

Kitchen - First Floor

12'8"x 11'2"   |   3.87 min x 3.42

with a 1 ½ bowl resin sink, base cupboards, drawers, laminated worktops, electric four plate hob and electric oven under.

Dining Room - First Floor

15'3" x 14'8"   |   4.66 x 4.48

with a Victorian fireplace and oil fired radiator.

Landing

Lounge - First Floor

15'2" x 13'5"   |   4.63 x 4.10

overlooking Fore Street with a marble fireplace, bay window, oil filled radiator and wall lights.

Bedroom 1 - First Floor

15'1" x 15'1"   |   4.61 x 4.62

with built in cupboards, Victorian fireplace, window seat overlooking Fore Street. Oil filled radiator. Door to:

Dressing Room/Study - First Floor

7'3" x 4'6"   |   2.23 x 1.39

Bathroom - First Floor

9'3" x 5'1"   |   2.82 x 1.55

with bath and electric shower over. Pedestal basin and WC. Electric downflow heater.

Second Floor

Bedroom 2 - Second Floor

15'9" x 10'11"   |   4.81 x 3.34

with skylight window, eaved ceilings, undereaves walk in Attic Store, recessed lighting.

Bedroom 3 - Second Floor

13'9" x 10'11"   |   4.21 x 3.35

with a dormer window, undereaves storage cupboards and recessed lighting.

Outside

Right of way over a courtyard to access the flat.

Separate WC (as used by the shop)

Outgoings

Uniform Business Rates, based on a rateable value of £16,500, the rates payable are likely to be in the region of £7,950 per annum. Although some transitional relief may be available.

VAT

All figures quoted are exclusive of VAT which may be charged.

Tenure

The premises are being offered as a freehold sale however the tenancy of the shop is contracted out of the Landlord and Tenancy Act security of tenure provisions.

Services

We understand that there is main electricity, water and drainage connected to the property and that gas is available.