1-8 Hauley Road
Dartmouth
Devon
TQ6 9AA

Freehold Retail Parade Investment

  • Unbroken, Fully Let, Parade of 5 Retail Units
  • Tenants include Marchand Petit Estate Agents and Darby & Darby Solicitors
  • Prominent Town Centre location
  • Affluent and Popular Coastal Town
  • Close to the Dartmouth Harbour, Britannia Royal Naval College and Dartmouth Castle
  • Lot
    14
  • Auction
    04/Nov/2021
  • Rent
    £61,650 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 1-8 Hauley Road, Dartmouth, Devon, TQ6 9AA
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
8 miles south west of Torquay
25 miles south of Exeter
Roads
B3205, A379, A3122
Rail
Kingswear Train Station
Air
Exeter Airport
Situation

Dartmouth is an affluent and desirable ancient Devon town located at the the River Dart estuary and benefits from being popular with day trippers and a holiday destination. The property is situated on the south side of Hauley Road at its junction with Lower Street and is in the main commercial area of Dartmouth and less than 100 metres south of Dartmouth Harbour. The property benefits from return frontage onto Lower Street. Nearby occupiers include Co-op Supermarket as well as a many local shops, restaurants and cafs.

Tenure

Freehold.

Description

The property comprises an unbroken parade of 5 retails units with ground and first floor. accommodation. The parade is fully let with occupiers including an estate agent, solicitor, a wealth management firm, holiday cottage letting agency, hairdresser and an administration office.

VAT

VAT is not applicable to this lot.

Completion Period

6 Week Completion

EPC

Please see legal pack at www.acuitus.co.uk

Tenancy & Accommodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews/(Reversion)
1-3 Hauley
Road
Ground
First
Retail
Office
37.00 sq m
37.00 sq m
(398 sq ft)
(398 sq ft)
MARCHAND PETIT
LIMITED (1)
10 years from
24/06/2016
£16,85024/06/2021 (7)
(24/06/2026)
4-5 Hauley
Road
Ground
First
Retail
Office
46.50 sq m
45.97 sq m
(500 sq ft)
(494 sq ft)
DARBY & DARBY
SOLICITORS (1)
6 years from
01/11/2020
£15,75001/11/2022
01/11/2023 (8)
(01/11/2026)
6-7 Hauley
Road
GroundRetail
38.92 sq m
(418 sq ft)
THE ORIGINAL
COTTAGE
COMPANY
LIMITED (3)
6 years from
01/02/2019
£13,500(01/02/2022)(9)
(01/02/2025)
7A Hauley
Road
FirstHairdressing
Salon
48.60 sq m
(523 sq ft)
INDIVIDUAL5 years from
01/10/2019
£4,250(30/09/2022)(10)
(01/10/2024)
8 Hauley
Road
GroundRetail
23.20 sq m
(249 sq ft)
CHADWICK
FINANCIAL
MANAGEMENT (4)
8 years from
01/12/2007
(holding over)
£7,000(01/12/2007)
8A Hauley
Road
FirstOffice
22.50 sq m
(242 sq ft)
EUROSAFE
LIMITED
3 years from
01/12/2020
£4,300(01/12/2023)
Total Approximate Floor Area
299.69 sq m
(3,222 sq ft)(6)  £61,650 

(1) MARCHAND PETIT LIMITED (CRN 030 51186) were incorpated in 1995 and are an independent and well established estate agents with offices located in Dartmouth, Kingsbridge, Modbury, Newton Ferrers, Salcombe and Totnes. (www.marchandpetit.co.uk)
(2) DARBY & DARBY SOLICITORS were established in 1983 with offices in Torquy, Brixham and Dartmouth. (www.darbylaw.co.uk)
(3) ORIGINAL COTTAGE COMPANY LIMITED are a family-owned holiday lettings business with properties across England and Wales (www.originalcottages.co.uk)
(4) CHADWICK FINANCIAL MANAGEMENT are an independent financial management company established in 1981 (www.chadwickfinancial.uk.com)
(5) EUROSAFE LIMITED are specialists in occupational health and safety products, workplace clothing and professional safety based services (www.eurosafe.ltd.uk)
(6) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk) and have been provided by the seller.
(7) As to the unit ground and first floor unit let to Marchand Petit Limited, the rent review dated 04/06/2021 is outstanding.
(8) As to the ground and first floor unit let to Darby and Darby Solicitors, the lease provides for fixed rental increases rising to £16,500 per annum exclusive on 01/11/2022 and rising to £17,500 per annum exclusive on 01/11/2023.
(9) As to the ground floor unit let to The Original Cottage Company, the lease provides the tenant option for the to determine the lease on 01/02/2022.
(10) As to the unit 7A Hauley Road, the lease provides the option for the tenant to determine the lease on 30/09/2022.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    15.10.21
    File Size
    106 MB
    Login to View
  • Catalogue Page
    Updated Date
    15.10.21
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    15.10.21
    File Size
    924 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Associate Auctioneers
Michelmore Hughes Stags
Matthew Higgs 01803865 116M.Higgs@stags.co.uk
Seller's Solicitors
Horsey Lightly Solicitors 2 West Mills
Newbury
Berkshire
RG14 5HG
Rosalind Oram 01635 275266roram@horseylightly.com

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