Salcombe is a popular and affluent seaside town in the South Hams District of Devon. It is close to the mouth of the Kingsbridge Estuary and lies within the South Devon Area of Outstanding Natural Beauty (AONB). The town experiences a very high volume of tourists, particularly during the summer months and is one of the most popular sailing destinations along the south coast. The property is situated very close to the attractive harbour area on Fore Street, the prime retail pitch for the town, where there is a good mix of local boutiques and national retailers and a wide range of pubs, bars and restaurants. Occupiers within the immediate vicinity include: Quba Sails, Fat Face, Musto, Joules and Jack Wills.
The property comprises a two storey, period end-terrace building fronting Fore Street. The ground floor provides a well configured retail unit with sales accommodation, associated ancillary accommodation and female/male toilets. The property was formerly occupied as a bank and has retained some of its character features and would suit a variety of users including A1 retail and A3 cafe and restaurant (subject to necessary consents). The first floor provides a self-contained two bedroom residential apartment which is currently let on a AST. There is an enclosed rear yard along with a storage outbuilding.
Schedule Of Accommodation
Ground Floor 947 sq ft (88 sq m)
Ground Floor Ancillary 172 sq ft (16 sq m)
The ground floor retail unit is available to let at £45,000 per annum. Offers are invited by way of a Premium – other terms to be agreed.
The Landlord would also consider offers for the freehold of the building.
Each party to bear their own legal costs.
From information provided by the Valuation Office website we are informed that the current rateable value of the bank premises is £30,500 and the rates payable are roughly £14,600 pa. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.
Value Added Tax
VAT will not be payable on this property.
The Energy Performance Rating for this property is within Band D.
For further information or to arrange a viewing please contact:
Tom Smith – 01872 247013 or firstname.lastname@example.org
Mike Nightingale – 01872 247008 or email@example.com
or joint agent Luke Wilson at Macarthur Wilson – 0117 908 3350
AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [c] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.
Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.