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.
Post Code: TQ7 1NY
Council Tax Band: A
Energy Performance Certificate:
This property is currently undergoing energy performance certification.
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Click floor plan to enlarge.
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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.
3.62 x 2.52 = 9.13m² (98SQFT), stainless steel sink and electric water heater.
with basin (In courtyard to rear).
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:
9'3" x 4'8" | 2.84 x 1.43
with stainless steel sink.
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.
15'3" x 14'8" | 4.66 x 4.48
with a Victorian fireplace and oil fired radiator.
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.
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:
7'3" x 4'6" | 2.23 x 1.39
9'3" x 5'1" | 2.82 x 1.55
with bath and electric shower over. Pedestal basin and WC. Electric downflow heater.
15'9" x 10'11" | 4.81 x 3.34
with skylight window, eaved ceilings, undereaves walk in Attic Store, recessed lighting.
13'9" x 10'11" | 4.21 x 3.35
with a dormer window, undereaves storage cupboards and recessed lighting.
Right of way over a courtyard to access the flat.
Separate WC (as used by the shop)
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.
All figures quoted are exclusive of VAT which may be charged.
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.
We understand that there is main electricity, water and drainage connected to the property and that gas is available.