The Old Warehouse, Prince of Wales Road, Kingsbridge, Devon
- COMMERCIAL INVESTMENT
- SINGLE LEASE TO A TAPROOM, KITCHEN AND CAFE WITH 2 BED FLAT ABOVE
- GENERATING £35,000 PA RENT
- EXTENSIVELY REFURBISHED GRADE II LISTED PROPERTY
- POPULAR AREA OF KINGSBRIDGE
- REPRESENTING A NIY OF 7.89%
The Old Warehouse is a taproom, kitchen and cafe located in the heart of Kingsbridge in a stunning Grade II Listed former malthouse. Above the ground floor commercial premises is a 2-bed flat and storeroom. Purchased by our clients, who had previously been tenants, the property has undergone extensive refurbishment to include new flooring, commercial kitchen, internal decoration and general maintenance.
The lease itself was granted on 13/05/2022 for a term of 10 years, on a full repairing and insuring basis with a rent review and tenant break option in year 5. The passing rent is currently set at £35,000 PA.
This is a rare opportunity to secure a gem of a commercial investment, which is not your average high street retail unit.
Kingsbridge itself a market town situated at the north end of the Kingsbridge Estuary. It is 17 miles southwest of Torquay and 17 southeast of Plymouth.
Kingsbridge is part of the South Devon Area of Outstanding Natural Beauty and is a mere 5 miles north of the sailing destination of Salcombe.