Lot 84: THREEFOLD LEASEHOLD COMMERCIAL INVESTMENT

Guide Price £145,000 – £165,000 *
Kingsley House,
The Quay,
Bideford,
Devon. EX39 2HJ

Currently let at £23,350 per annum

Viewing by arrangement with Clive Emson Auctioneers

01392 366555

Scott Gray/Katie Semmens

An exciting riverside investment opportunity to acquire three leasehold ground floor retail units all being let and which form part of this attractive town centre period property.

Due to the popular location the shops enjoy good footfall and this is reinforced by the longevity of the tenantsí occupations and by virtue of the established professions that have traded from these premises for decades.

Radford Newsagents

Main retail area and office.

Tenancy

Let on a 15 year lease from 24th October 2003 at a current rental of £5,900 per annum.

Billy Buns Bakery

Retail area.

Tenancy

Let on a 9 lease from 30th March 2017 at a current rental of £9,450 per annum.

Blooms Florists

Retail area and two storage areas.

Tenancy

Let on a lease expiring 3rd July 2019 at a current rental of £8,000 per annum.

Auctioneer's Note 1

At the time of publication the Auctioneers have been unable to internally inspect the property. These details have been provided by the Seller and interested applicants should rely on their own investigations to verify the information provided.

Auctioneer's Note 2

For information relating to the rateable values and other available data go to www.tax.service.gov.uk/view-my-valuation/search and enter the postcode for the property into the appropriate search field.

Tenure

Remainder of an 80 year lease dated 21st February 2006 with a peppercorn ground rental.

Commercial EPC: TBC

Map

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