3 bedroom Shop for sale: Balland Park, Newton Abbot
- Investment Property
- Shop & Car Park
- Separate Bungalow & Parking
- Estimated Rental income of over £15,000 per annum
Approximately 37 sq.m (400 sq.ft) of retail space.A commercial investment opportunity to aquire a shop and bungalow with parking. Planning has elapsed for an additional dwelling. Estimated rental income of £15,000 per annum.
THE CURRENT SHOP TENANCY:
The current tenants have been successfully trading from 13 Balland Park for over 5 years, operating as a convenience outlet. The shop comprises a main shop front, store room, cloak room with a WC.
The current lease was entered into on 1st November 2016 with a six-year term, which will expire on the 31st October 2022.
Rateable value for the shop is £5,488.NB The property is below the threshold for rates to be paid at the present time.
The bungalow is category B paying £1,633 per annum.
ENERGY PERFORMANCE CERTIFICATE:
Band D for both the shop & bungalow.
The income of both the shop and the bungalow is estimated to be £15,420 per annum.
Mains Electricity, drainage, gas and water.
Grant of conditional planning permission was granted in 2005 - Application No:0675/05. The plans were as follows; the conversion of the existing shop into a residential annexe, and a separate commercial store to the east side of the dwelling. For more information pleases contact the agents Rendells, or see www.dartmoor.gov.uk for the full details.
Teignbridge District Council. www.teignbridge.gov.uk. 01626 361101.
Viewing can be arranged by prior appointment with the agents. Please contact Rendells Newton Abbot.