Bank Street, Teignmouth, Devon, TQ14

Guide price £220,000

A town centre investment property comprising lock up shop trading as The Pantry let on A3 Commercial Lease. (Business unaffected by the Freehold Sale) Separate self-contained maisonette accessed from rear lane (Clampett Lane) let on AST. Total income £18,120 p/a. BCD

The Pantry Comprising Cafe, Kitchen and storage. Staff/customer WC. Currently Let on EFRI Lease from ******** for 5 years at £12,000 p/a. Rateable Value £9,900. EPC rating "C".

Maisonette Known as Clampet Cottage, Clampet Lane, Teignmouth, TQ14 8DN but located within the freehold title to be sold. Private entrance door. Living Room and kitchen on first floor with two bedrooms, bathroom and WC on the top floor. Currently let on AST at £510 pcm. (£6,120 p/a). A "Managed Let" through an agent other than Bradleys. EPC rating "D"

Tenure The property is Freehold. (Business unaffected by the Freehold Sale) Annual Gross Rent £18,120. Based on the asking price the gross return is just under 8.25%.

Directions
From our office in Den Road turn right then immediately left into Bank Street. The property will be found on the right hand side.
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Floorplan for Bank Street, Teignmouth, Devon, TQ14