The property comprises a four storey, return-fronted retail unit, being provided in retail white box specification. The property sits on prime pitch within the town.
The ground floor provides a glazed return frontage with two main customer entrance doors from Duke Street and a long glazed return to Elbow Street. Internally the ground floor provides open plan sales accommodation, with scope to partition the rear accommodation for storage.
Location
Tavistock is an affluent and famous market town located on the western fringe of Dartmoor National Park, approximately midway between Okehampton and Plymouth on the A386 Road. Tavistock is an original Stannery Town with a long-established Pannier Market and a good selection of national and quality local retailers. The property is located in a prime position on the corner of Duke Street and Elbow Street. Surrounding occupiers within the immediate vicinity, include: WH Smiths, Superdrug, Boots Pharmacy, Warrens Bakery, Saltrock and Mountain Warehouse.
Accommodation
3,951 sq ft net approx
Terms
Planning We are verbally advised that the accommodation has planning consent for retail use or any such other use within Use Class E, but any interested party should make their own enquiries to the Planning Department of West Devon Borough Council. Tel: 01822 813600 or https ://www.westdevon.gov.uk
Business Rates Rateable Value: £36,500 (2023/24) UBR Small Business Multiplier: £0.499p Interested parties should make their own enquiries to West Devon Borough Council to ascertain the exact rates payable as a change in occupation may trigger an adjustment of the ratings assessment.. www .voa.gov.uk.
Energy Performance Certificate The EPC Rating is D(88) and the full certificate can be provided on request.
Code for Leasing For the latest RICS advice on commercial property leasing, please consult the RICS Real Estate Code for Leasing 2020 Tenure The property is available by way of a sale of the freehold interest.
Purchase Price The property is offered for sale at an asking price of £495,000 plus VAT.
Legal Costs Each party is to be responsible for their own legal costs.
References / funding The purchaser may be asked to provide proof of funds.
VAT Under the Finance Acts 1989 and 1997, VAT will be levied on the rent/purchase price. We recommend that the prospective tenants/purchasers establish the VAT implications before entering into any agreement.
AML A successful purchaser will be required to provide relevant information to satisfy the AML requirements when Heads of Terms are agreed.