Excellent Investment Property in Dartmouth

£165,000 Leasehold
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Excellent Investment Property in Dartmouth

Unit 1, 12 Mayors Avenue, Dartmouth, Devon, TQ6 9NG

An excellent opportunity to acquire an investment property situated in the very heart of Dartmouth. Providing £14,400 per annum by a highly successful, established tenant....


LOCATION

The property is situated on Mayors  Avenue within the very heart of Dartmouth. Benefitting from high pedestrian footfall and passing vehicle traffic, and with large public car park immediately opposite.  With Dartmouth water frontage only 50 metres away, higher and lower ferries connecting Torbay, and benefitting from easy access onto main arterial motorways linking the A38.

 

ACCOMMODATION

 

RETAIL UNIT/OFFICES

With a plethora of window display to front and side, with door into :

 

MAIN OFFICE

8.51m x 3.98m

Both doors to front and side

Floor to Ceiling windows, both to front and side

 

INNER HALLWAY

7.32m x 1.85m

With doors leading off to:

 

CLOAKROOM

Low level WC and wash hand basin

 

KITCHEN
2.99m x 1.92m

Array of wall and base fitted units with inset single stainless steel sink and drainer and door to side

 

OFFICE
3.61m x 1.91m

With window and door to side

 

LEASE

Unit 1 12 Mayors Avenue Dartmouth is occupied by Coast & Country Cottages.

Lease term is 15 years from 1st August 2012

Passing rent is £14,400 per annum on Internal Repairing and Insuring Terms.

There is upward only Market Rent Reviews every 5 years, the first being on 1st August 2017

 

TENURE

999 year lease from 2012

 

SERVICES

Mains electricity, gas, water and drainage are all connected. However, no testing of these services have been undertaken by the Agents,  Ware Commercial

 

BUSINESS RATES

Please make your own enquiries on the local valuation website (VOA) at www.voa.gov.uk

 

VIEWINGS

 

All viewings are to be by appointment through Ware Commercial

Tel: 01803 328880

Email info@warecommercial.com

Website: www.warecommercial.com

 


Misrepresentation Act: Misrepresentation Act 1967. The Particulars are not considered a formal offer, they are for information only and give a general idea of the property. They are not to be taken as forming any part of a resulting contract nor be relied upon as statements or representations of fact. Whilst every care is taken in their preparation, no liability can be accepted for their accuracy. Intending purchasers must satisfy themselves by personal inspection or otherwise as to the correctness of these particulars.