Available
Teignmouth – Takeaway & 1-Bed Cottage
15 Bank Street TQ14 8AW & Hope Cottage TQ14 8DN, Teignmouth, DevonFreehold Takeaway & Residential Investment
Price
£295,000
Rent P.A.
£21,840
Yield
7.40%
Tenure
Freehold
Lease Term
5 Years
Years Left on Lease
3y 2m
Area
1,635 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor takeaway and a self-contained 1-bedroom cottage at rear Clampet Lane
- Teignmouth is a seaside town, fishing port and civil parish in the county of Devon
- The property is situated in the heart of the town centre within short walk from Teignmouth Train Station, with occupiers nearby including Costa Coffee, Poundland, Greggs and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises mid-terrace ground floor shop t/a Takeaway and self-contained 1-bedroom cottage at rear (Clampet Lane), providing the following accommodation and dimensions:
Ground Floor Takeaway: 60 sq m (645 sq ft)
Open plan retail, storage, ancillary, wc
Ground/First/Second Floor Cottage: 92 sq m (990 sq ft)
1 bedroom, kitchen/living room, bathroom
Total GIA: 152 sq m (1,635 sq ft)
Ground Floor Takeaway: 60 sq m (645 sq ft)
Open plan retail, storage, ancillary, wc
Ground/First/Second Floor Cottage: 92 sq m (990 sq ft)
1 bedroom, kitchen/living room, bathroom
Total GIA: 152 sq m (1,635 sq ft)
Tenancy Description
The shop is at present let to an Individual for a term of 5 years from 12th April 2023 at a current rent of £13,500 p.a. p.a. and the lease contains full repairing and insuring covenants. Lease renewal. Tenant in occupation since 2018
The cottage is at present let on AST to an Individual for a term of 6 months from 18th July 2024 at a current rent of £8,340 p.a. Deposit held of £801.
The cottage is at present let on AST to an Individual for a term of 6 months from 18th July 2024 at a current rent of £8,340 p.a. Deposit held of £801.
Tenancies & Accommodation
Location Description
Teignmouth is a seaside town, fishing port and civil parish in the English county of Devon. It is on the north bank of the estuary mouth of the River Teign, about 12 miles south of Exeter. The property is situated in the heart of the town centre within short walk from Teignmouth Train Station, with occupiers nearby including Costa Coffee, Poundland, Co-Op Food, Greggs, Holland & Barrett and many more.
