Bank Street, Teignmouth, Devon, TQ14

Guide price £210,000

A town centre investment property comprising lock up shop trading as Raymond's Pizza 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 £17,340 p/a. BCD

Pizza Take Away
Comprising Kitchens and servery. Storage and Staff WC. Currently Let on EFRI Lease from 1st March 2018 for 5 years at £12,000 p/a. Rateable Value £10,250. EPC rating "D".

Maisonette
Known as Hope Cottage, Clampet Lane, Teignmouth TQ14 8DN but located within the freehold title to be sold. Private entrance door. Utility Room on ground floor, Living Room and small kitchen on first floor with double bedroom and shower room on the top floor. Currently let on AST at £445 pcm. (£5,340 p/a) A "Managed Let" through an agent other than Bradleys. EPC rating "D"

Tenure
The property is Freehold. Annual Gross Rent £17,340. **Business Unaffected by the Freehold Sale** Based on the asking price the gross return is just over 8.25%.

EPC Rating

Council Tax Band:

Local Authority: Teignbridge District Council

Property Tenure: Freehold

This calculator is for indication purposes only.


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