Available
Okehampton – Shop Investment
3 Church Court, St James Street, Okehampton, Devon EX20 1DJFreehold Shop Investment
Price
£100,000
Rent P.A.
£4,944
Yield
4,94%
Tenure
Freehold
Lease Term
3 Years
Years Left on Lease
Holding Over
Area
407 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Property is arranged on ground floor only to provide a lock-up shop
- Town centre location
- Occupiers close by include Betfred (adjacent), Martin’s, Peacocks, Boots the Chemist, Specsavers, TSB, HSBC, and NatWest banks.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property is arranged on ground floor only to provide a lock-up shop which forms part of a larger building the remainder of which is not included in the sale.
Tenancy Description
The entire property is at present occupied by J Whitley for a term of 3 years from 21st July 2020 at a current rent of £4,944 per annum and the lease contains full repairing and insuring covenants. No break clause.
Tenancies & Accommodation
Location Description
Okehampton is an attractive town located on the northern edge of Dartmoor National Park approximately 24 miles west of Exeter. The town enjoys good road communications with the A30 by-pass running to the south of the town centre which provides access to the M5 motorway to the east of Exeter and Launceston some 7 miles to the west. The property is located on the west side of St James Street, diagonal to its junction with Park Row.
