Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
7 miles north of Torquay, 15 miles south of Exeter
Roads
A381, A38
Rail
Newton Abbot
Air
Bristol International Airport
Situation
The property is situated in a prominent position on the pedestrianised section of the High Street which acts as the principal retail thoroughfare. Nearby occupiers include Boots the Chemist, Barclays Bank, WH Smith and Superdrug.
Tenure
Freehold.
Location
Miles
7 miles north of Torquay, 15 miles south of Exeter
Roads
A381, A38
Rail
Newton Abbot
Air
Bristol International Airport
Situation
The property is situated in a prominent position on the pedestrianised section of the High Street which acts as the principal retail thoroughfare. Nearby occupiers include Boots the Chemist, Barclays Bank, WH Smith and Superdrug.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with first floor ancillary accommodation. The first floor is accessed externally at the rear of the building.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with first floor ancillary accommodation. The first floor is accessed externally at the rear of the building.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Review
Ground First
Retail Ancillary
254 sq m Not inspected
(2,732 sq ft)
A G RETAIL CARDS LIMITED (t/a Clinton Cards) (1)
25 years from 24/04/1995 until 23/04/2020 on a full repairing and insuring lease
£60,000
24/04/2015 (2)
Totals
254 sq m
(2,732 sq ft)
£60,000
(1) A G Retail Cards Limited is a subsidiary of Lakeshore Lending Limited. In 2012, Lakeshore Lending Limited acquired nearly 400 Clinton Cards outlets (Source: www.bbc.co.uk/news/business-18356057). Clintons was founded in 1968 and is a leading retailer of greeting cards, gifts and wrap. There are currently over 400 stores throughout the UK (Source: http://www.clintoncards.co.uk 22/04/2015) (2) The 2015 rent review is outstanding.
