Property Details
£255,000
0 bedroom
Kingsbridge Lane, Ashburton
- Town Centre Commercial Investment
- Character Building
- Opposite The Public Car Park
- Business Unaffected
This well sited commercial property has a distinctive stone frontage to Kingsbridge Lane, directly opposite the large public car park with excellent footfall.
The building is currently let on a 7 year lease (subject to a tenant break clause) on an internal repairing basis from 1st February 2024 to 31st January 2031 to a hair salon at a passing rent of £15,000 per annum. The tenant contributes 50% of the cost of insuring the building. The tenant may break the lease by giving three months' notice at any time on or after 1st February 2027. There is provision within the lease for a rent review at 2 February 2029.
The lease is excluded from the renewal provisions of The Landlord and Tenant Act 1954.
We understand that planning consent (now lapsed) was previously approved for a first floor studio flat.
Inside, the premises has lots of character combined with a modern contemporary finish. The upper floor has a ceiling height extending to the full roof height of the building and there is a modern gas fired boiler for hot water and radiators.
Ashburton is a busy and vibrant town situated just off the A38 and on the edge of Dartmoor. The town attracts thousands of visitors each year and serves numerous outlying villages for all year round trade. It has gained an excellent reputation in recent years as an antiques centre and for its varied food businesses and eateries
Council Tax Band: Rateable Value £5,200 at the time of preparing these particulars
Tenure: Freehold
Ground Floor
16'2" x 13' Half-glazed entrance door from Kingsbridge Lane. Display window fronting Kingsbridge Lane. Wood finish flooring. LED spotlights. Under stair storage area. Access at rear of room through to..
Inner Room
11' x 6'10" LED spotlights. Door to Kitchenette with CLOAKROOM/WC off.
First Floor
Approached via stairs from the entrance area leading to MAIN AREA 16'8" x 13'10" with ceiling height to the roof apex and exposed roof supports. Window to the Kingsbridge Lane aspect. Built-in deep storage cupboard. Radiator.
Kitchen
11'2" x 6'8" Range of kitchen units and stainless steel sink. Roof window. Modern gas boiler for hot water and radiators.
Rear Room
7'6" x 7'2" Roof window. Radiator.
Business Rates
Business Rateable Value £5200 at the time of preparing these particulars.
Please note that this is not the Rates Payable amount. Eligible parties will be able to claim 100% Small Business
Rates Relief.
The business rates are currently the responsibility of the tenant.
Please note that this is not the Rates Payable amount. Eligible parties will be able to claim 100% Small Business
Rates Relief.
The business rates are currently the responsibility of the tenant.
Tenure
Freehold - Subject To The Existing Lease
Map
Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.