Nearby occupiers include Peacocks, Boots the Chemist, Specsavers and Lloyds Pharmacy
Lot 2
Auction 13th July 2017
Rent £30,988 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of a Major Fund Manager
Property Information
Location
Miles
24 miles west of Exeter (test)
Roads
M5, A30
Rail
Okehampton Railway Station
Air
Exeter Airport
Situation
Okehampton is an attractive town located on the northern edge of Dartmoor National Park. The property is prominently located on the south side of Fore Street, close to its junction with St James Street. Nearby occupiers include Peacocks, Boots the Chemist, Specsavers and Lloyds Pharmacy.
Tenure
Freehold.
Location
Miles
24 miles west of Exeter (test)
Roads
M5, A30
Rail
Okehampton Railway Station
Air
Exeter Airport
Situation
Okehampton is an attractive town located on the northern edge of Dartmoor National Park. The property is prominently located on the south side of Fore Street, close to its junction with St James Street. Nearby occupiers include Peacocks, Boots the Chemist, Specsavers and Lloyds Pharmacy.
Tenure
Freehold.
Description
The property comprises retail accommodation on the ground floor with six residential flats on the ground and upper floors, accessed to the rear via St James Street.
VAT
VAT is applicable to this lot.
Completion Period
Eight Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises retail accommodation on the ground floor with six residential flats on the ground and upper floors, accessed to the rear via St James Street.
VAT
VAT is applicable to this lot.
Completion Period
Eight Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
30
Ground
Retail
106.28 sq m
(1,144 sq ft)
GSS PROPERTY SOUTH WEST LIMITED t/a Godfrey Short & Squire Estate Agent (1)
7 years from 04/12/2014
£13,000
04/12/2019 (03/12/2021)
Flat 1
First
Residential
1 Bedroom Flat
INDIVIDUAL
6 month AST from 29/04/2017
£4,920
(31/10/2017)
Flat 2
First
Residential
1 Bedroom Flat
INDIVIDUALS
AST from 02/12/2015
£4,428
(2)
Flat 3
Second
Residential
2 Bedroom Flat
VACANT
Flat 4
Second
Residential
Studio
INDIVIDUAL
AST from 15/05/2012
£4,740
(2)
Flat 5
Third
Residential
1 Bedroom Flat
INDIVIDUAL
6 month AST from 25/02/2017
£3,900
(24/08/2017)
5 St James Street
Ground and First
Residential
INDIVIDUAL
999 year lease from 29/09/2014
Peppercorn
(28/09/3013)
Total
£30,988
(1) Godfrey Short & Squire is an independent estate agent dedicated to the sales and lettings market within West Devon and the Dartmoor National Park (Source: independent estate agent www.gssproperty.com 09/06/2017). The tenant did not exercise a June 2017 break option. (2) The tenants of Flat 2 and Flat 4 are occupying by way of a periodic tenancy on a month by month basis.
