Commercial Property Totnes Offers in the Region of £189,000

Reference: 36539_3012181

Commercial Property for sale: Totnes


Reference: 36539_3012181

Key Features

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

Description

An investment property with potential for growth.The business is not for sale.

Entrance Lobby
from here steps rise up to a middle floor.

Middle Floor: - 24' 9'' x 12' 10'' (7.552m x 3.925m)
including steps to first floor. This area has seating for 12 covers on three tables, with lounge waiting area and bar. Steps lead up from this floor to two higher first floor restaurant areas.

To the front of the building, at 1st Floor Level is the:

Dining Area - 15' 3'' x 11' 7'' (4.663m x 3.547m)
with 6 tables providing 22 covers, a high apex ceiling with front window, power points and lighting.


To the backside of the building is a narrow walkway linking the front restaurant area to a smaller rear area.

Rear Restaurant Area - 8' 4'' x 8' 2'' (2.558m x 2.497m)
with seating for 8 people on three tables with velux window, power, lighting and with low headroom below sloping ceiling. Also leading off the middle reception floor (previously described) is access to:-

Kitchen Area - 13' 1'' x 9' 10'' (4m x 3m)
and arranged in two separate areas, with tenant's fixtures of stainless steel sink units, work tops and cupboards together with cooking range.


Also leading off the Reception Middle Floor are steps down to an Internal Lobby with doors to:-

Gents Cloakrooms
with pedestal hand wash basin, urinals and separate W.C.

Ladies Cloakrooms
with two W.C's each with two piece suite.


Off the Internal Lobby is a door to:-

Corridor Passage
giving access to separate external door for deliveries 10.2m x .908m (33' 6" x 3') with quarry tiled floor and access to:-

Store Room - 16' 1'' x 7' 3'' (4.925m x 2.214m)
with quarry tiled floor, power points and light.

SERVICES
All mains services are connected to the property.

RATEABLE VALUE
£8,100

RATES PAYABLE
£3,645.00

THE TENANCY
The tenancy is for a term of 15 years, commencing 1st November 2006 and ending 31st October 2021.

THE RENT
Rent payable currently is £12,900 per annum, with three yearly rent reviews.

VIEWING
Strictly by appointment

THE CURRENT BUSINESS
The current business is 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.

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Contact Agent

Rendells
Tel: 01803 863888