Property Details
£325,000
3 bedrooms
North Street, Ashburton, Newton Abbot
- Current Gross Income £25,800 per annum
- Mixed Use Freehold Investment Property
- Imposing Listed Building
- Town Centre Location
Kings Bridge House is an attractive Grade II listed period property arranged over three floors on a prominent site in the corner of North Street by the bridge leading to the town car park.
It includes two retail shops on the ground floor currently let on 1954 Landlord and Tenant Act leases to an antiques business at a combined rent of £13,800 per annum. We have not had sight of the leases at the time of preparing these particulars. However we understand that the lease of the right hand shop is dated 16 October 2017 and was assigned to the current tenant on 1 July 2019. the end date was June 2022 and the tenant is holding-over.
The first floor consists of several offices/consulting rooms let on a 1954 Landlord and Tenant Act Lease to a chiropractors at a rent of £6600 per annum from March 2021 for a term of 6 years.
The second floor consists of a residential flat with three bedrooms let on an Assured Shorthold Tenancy from 25 September 2012 at a rent of £379.40 every four weeks, with the current rent (as advised by the owner) being £450 pcm.
There is no outside space and the rear of the building backs onto the River Ashburn which meanders its way through the town centre.
Please note, the floor plan is for is for general guidance and is not to scale and has been prepared with limited access to parts of the building. Basically you can't rely on it to be accurate but it does give an idea of the general layout.
Tenure: Freehold
Shop Premises
Occupying the ground floor with a good window display frontage to North Street. Originally two shops (separate entrance doors from North Street). An internal doorway connects the two sides. There is a small kitchen and WC off the rear.
First Floor Hall
Reception area for the chiropractors. With doors off to the treatment rooms/offices. there is a small kitchen and a WC
Second Floor
Self-contained flat with Hall, Living Room 13' x10', Kitchen 8'8" x 6'8", Bedroom 1 14'2" x 9'6", Bedroom 2 11'x 10', Bedroom 3 9'8" x 6'9" and Bathroom/WC.
General Information
Tenure - Freehold, subject to the leases and AST
Services- Mains electricity, water and drainage. Gas not connected.
Viewing - Telephone our offices 01364 652656 or email post@howarddouglas.co.uk
Y
FLOOR PLAN : Please note, the floor plan is for general guidance and is not to scale and has been prepared with limited access to parts of the building. Basically you can't rely on it to be accurate but it does give an idea of the general layout.
Services- Mains electricity, water and drainage. Gas not connected.
Viewing - Telephone our offices 01364 652656 or email post@howarddouglas.co.uk
Y
FLOOR PLAN : Please note, the floor plan is for general guidance and is not to scale and has been prepared with limited access to parts of the building. Basically you can't rely on it to be accurate but it does give an idea of the general layout.
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.