Leasehold Property With Vacant Possession In Tavistock For Sale

Business description

SITUATION
The property is situated in the delightful thriving market town which is on the edge of Dartmoor National Park and was voted top of the list of a 120 market towns in 2004 in a survey run by the council for the protection of rural England in its countryside character campaign based on retaining its individuality and distinctiveness, sensitive planning and new development, architecture, sense of history, thriving shops and businesses, and community spirit.

Tavistock has a good range of shopping facilities and a full range of schools plus a community college and the renowned Public School Kelly College including preparatory school for children up to the ages of 12 and 13. Tavistock also has the benefit of recreational facilities to include golf courses, cricket, rugby, and tennis clubs and all indoor sports. There are several scenic walks in and around the town with Tavistock 15 miles from Plymouth where there is a civil airport offering regular internal and continental flights. A cross channel ferry service to Roscof and Brittany and British Rail inter city service to London, Bristol and the North.

THE PROPERTY
This is a delightful property that dates back to the late 1800's and reflects the wealth of the town during the copper boom of that period and the street is in a conservation area. The property has a pitch roof.

OPPORTUNITY
The property is currently run under the name of Cake Craft but the owner of this business is wishing to relocate to North Devon and is wishing to assign the remaining three years left on the lease. Alternatively through separate negotiation the landlord would consider entering a new fresh lease with any prospective tenant, subject to approval. The property will be vacant posssession upon completion of either this new lease or assignment. The present use for the premises is A1 although they do also have a commercial kitchen where the present business makes their own cakes, etc.

COMMERCIAL UNIT
The shop is of a good size and measures 5.9m x 8.3m, it appears that this would have been two separate rooms but has now been knocked through to create one large retail space. To the rear is the commercial kitchen with storage measuring 3m x 3.5m. The fixtures and fittings that are in this unit can remain or be removed subject to the new tenants preference.


AGENTS NOTE
This unit was previously used as just storage by the previous owner of the business but has been in the last 12-18 months been refurbished to create a one/two bedroom flat with its own separate access.

ACCOMMODATION (All measurements are approximate)
To the right at the top of the stairs is the

OFFICE/NURSERY
2m x 2m
Single window to the side.

BATHROOM
1.4m x 3.4m
Panel bath with shower over. Sink. Low level wc. All fixtures have recently been fitted.

LOUNGE
7.4m x 4.3m
A good size room with dining table and two windows that overlook West Street.

BEDROOM ONE
3m x 4.4m
Good size room to accommodate a double bed. Window overlooking the patio to the rear.

KITCHENETTE
1.7m x 3.2m
Due to the fact that there is a commercial kitchen on the ground floor this has work tops and kitchen cupboards, but all the cooking appliances are situated downstairs.

OUTSIDE
This is accessed through the commercial kitchen. Patio area. Outside wc.

LEASE
There are 3 years remaining on the current lease and the lease is on FRI terms. The landlord would entertain a new fresh lease and this would be subject to landlords approval. The current passing rent is £16,500 pa and this includes the residential accommodation above. Should a new lease be negotiated then there will be a premium to pay of a guide price of £10,000. Any new tenant will be responsible for all the landlords reasonable legal costs in preparing a fresh lease or assigning the existing lease.

BUSINESS RATES
Rateable value as assessed in 2010 this is priced at £12,000

Property information

Property:

Leasehold