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Agent's details

Okehampton – Freehold Shop Investment

For sale: £100,000.00|407 Sq Ft|General Retail, Retail - High Street, Retail

Property details

FOR SALE£100,000.00
SIZE407 Sq Ft
ADDRESS3 Church Court, St James Street, Okehampton, Devon EX20 1DJ
TYPEGeneral Retail, Retail - High Street, Retail
TENUREFor Sale Freehold
POSTED ON31st May 2020

Description

IInvestment Consideration:
Gross Initial Yield: 4.94%
Rental Income: £4,944 p.a.
VAT is applicable to this property
Town centre location
No breaks. Lease expiry 2023.
Occupiers close by include Betfred (adjacent), Martin’s, Peacocks, Boots the Chemist, Specsavers, TSB, HSBC, and NatWest banks.

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:
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.

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.

Location:
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.

Location

marker
Location: 3 Church Court, St James Street, Okehampton, Devon EX20 1DJ
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