Commercial Property Totnes Guide Price £200,000

Reference: 36537_3012181

Commercial Property for sale: Totnes


Reference: 36537_3012181

Key Features

  • RESTAURANT PREMISES ON TWO LEVELS
  • LET ON A 15 YEAR TERM FROM 1ST NOVEMBER 2006

Description

Approximately 53 sq.m (566 sq.ft) of seating. An exciting opportunity to acquire an investment freehold property, with potential for growth.Comprising two floors, currently operating as a restaurant, let on a 15-year term from 1st November 2006.

ACCOMODATION:
Entrance Lobby from here steps rise up to a middle floor.Middle Floor: 7.55m x 3.93m (24' 9'' x 12' 10'')Three tables for twelve coversTo the front of the building, at 1st Floor Level is the Dining Area: 4.66m x 3.55m (15' 3'' x 11' 7'')Six tables for twenty-two coversRear Restaurant Area: 2.56m x 2.5m (8' 4'' x 8' 2'') Three stables for eight covers.Kitchen Area: 4m x 3m (13' 1'' x 9' 10'') Separate Gents & Ladies Cloakrooms Corridor Passage: 10.2m x 0.91m (33' 6" x 3')Store Room: 4.93m x 2.21m (16' 1'' x 7' 3'')

SERVICES:
All mains services are connected to the property.

THE CURRENT TENANCY:
The property is currently trading as an Indian restaurant that has been established for several years. The footfall past the property is boosted by the presence of one of the main car parks in the town, which is serviced by Ticklemore Street as a direct route into Fore Street. The tenancy is for a term of 15 years, commencing 1st November 2006 and ending 31st October 2021.

RATEABLE VALUE:
£9,000 (2017 valuation list)Please Note this is not Rates Payable.

INCOME:
Rent received is currently £12,900 per annum, with three yearly rent reviews.

ENERGY PERFORMANCE CERTIFICATE:
EPC Rating - to follow.

LOCAL AUTHORITY:
South Hams District Council, Follaton House, Plymouth Road, Totnes. TQ9 5NE Tel: 01803 861234.

VIEWING:
Strictly by appointment.

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Contact Agent

Rendells
Tel: 01626 353881