34 Courtenay Street Newton Abbot Devon TQ12 2DT

34 Courtenay Street
Newton Abbot
Devon
TQ12 2DT

Freehold Retail Investment

Let to A G Retail Cards Limited (t/a Clinton Cards)
Opposite entrance to the Market Walk Shopping Centre
Nearby occupiers include Boots the Chemist, Barclays Bank and WH Smith
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
37
Auction
21st May 2015
Rent
£60,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to A G Retail Cards Limited (t/a Clinton Cards)
Opposite entrance to the Market Walk Shopping Centre
Nearby occupiers include Boots the Chemist, Barclays Bank and WH Smith
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 37
Auction 21st May 2015
Rent £60,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
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

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

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.