3 Duke Street, Tavistock, Devon, PL19
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: A1 Shops, A2 Financial and Professional Services, A3 Restaurants and Cafes and Class E
A1, A2, A3, E
Key features
- PRIME RETAIL LOCATION
- FOUR GROUND FLOOR UNITS
- TENANTS INCLUDE SALTROCK
- UPPER FLOOR RESIDENTIAL ACCOMMODATION SOLD OFF
Description
The premises are located on a prominent corner position fronting Duke Street the prime retail pitch in Tavistock Town Centre. Nearby occupiers include Boots, WH Smith, Superdrug, Mountain Warehouse, Crew Clothing and White Stuff along with a mix of local and regional occupiers.
DESCRIPTION
The premises comprise an end of terrace traditionally constructed building over three floors (plus roof space). The ground floor has four units of differing sizes (see tenancy schedule) with the upper floors comprising four flats, all sold on long leases.
The building has undergone a complete external redecoration in August 2024 (previously carried out in 2017). Landlord costs are fully recovered.
This opportunity represents an excellent opportunity to acquire a prime investment in the heart of the popular and affluent town of Tavistock in West Devon. Both Duke Street tenants did not exercise their break clauses and the Pepper Street tenants are lease renewals, highlighting this popular trading location.
ACCOMMODATION
Please see attached schedule.
ENERGY PERFORMANCE CERTIFICATE (EPC)
Please see attached schedule.
SERVICES
It is understood that the individual units benefit from mains water, drainage, and electricity.
TENURE
The premises are offered Freehold subject to the occupational leases on the attached schedule.
PRICE
£650,000 reflecting an initial gross yield of 7.75%
VAT
The price is subject to VAT
LEGAL COSTS
Each party to bear their own legal costs.
For full details click on "Brochure" below.
For details of all our properties go to simonpowell.co.uk
Energy Performance Certificates
EPC'sBrochures
3 Duke Street, Tavistock, Devon, PL19
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Gunnislake Station4.1 miles
- Calstock Station4.6 miles
- Bere Alston Station5.1 miles
About Simon Powell Commercial, Devon
Suite 21, Atlas House, West Devon Business Park, Tavistock, Devon, PL19 9DPNotes
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