Offers in region of
£295,000
(£107.47/sq. ft)
Retail premises for saleWolborough Street, Newton Abbot TQ12
2,745 sq. ft
Just added
About this property
Well located Town Centre Investment premises
Well fitted on Ground and part first floors
Trading as Bills Opticians part of the Hakim Group
5 year lease from April 2025 at £24,0000 pax
Business unaffected
Situation and description
Newton Abbot is a busy market town, being the commercial centre and heart of the Teignbridge area with a district population of approximately 121,000 extending to some 300,000 within 12.5 miles of the centre. Newton Abbot benefits from a wide catchment area drawing from a large number of small towns and villages in the surrounding area. The premises are prominently located in Wolborough Street in the centre of the town close to the historic clock tower, and opposite and adjacent to 2 of the Austins Department stores. Newton Abbot offers convenient access to the A380 Exeter to Torquay dual carriageway joining with the M5 Motorway at Exeter, which is approximately 15 miles distant, or Torbay and Torquay to the South which is approximately 10 miles distant.
The premises are centrally located fronting Wolborough Street with a rear access to Newfoundland Way. The property is convenient for a number of public car parks and the main town centre including the Market Walk shopping centre and the soon to be opened refurbished Market Hall. The Ground Floor is well presented with a retail area to the front and a number of consultation and fitting rooms behind. At the rear is a spacious office and kitchen / staff room with a further office and a large workshop on the first floor which is at the rear. The property has a rear Yard area with rear access.
Accommodation
Brief details of the accommodation with approximate maximum internal dimensions are as follows:-
Accessed from Wolborough Street via a glazed door to ……..
Front Area 10.31m x 6.88m (33’10” x 22’7”) max
Double fronted shop front with recessed glazed entrance door. Suspended ceiling with integrated spot lighting. Reception counter. Hvac unit. Corridor leading to ….
Rear Fitting area 7.07m x 2.00m (23’2” x 6’7”) max
Display area for frames etc with consultation area.
Consultation Room No 1 1.90m x 1.68m (6’3” x 5’6”) max
Sliding door to main area. Power and light as fitted.
Consultation Room No 2 3.21m x 2.35m (10’6” x 7’8”) max
Power and light. Wash basin.
Consultation Room No 3 2.00m x 1.87m (6’7” x 6’2”) max
Power and light as fitted. Wall mounted Server cabinet.
Consultation Room No 4 3.21m x 2.39m (10’6” x 7’10”) max
Wash hand basin. Power and light as fitted.
Fitting Area 3.45m x 1.7m (11’3” x 5’7”) max
Wash basin. Fitted benching to one wall with mirror over.
Consultation Room No 5 3.22m x 2.40m (10’7” x 7’10”) max
Wash hand basin. Power and light as fitted.
Consultation Room No 6 3.41m x 2.18m (11’2” x 7’2”) max
Wash hand basin. Power and light as fitted.
Consultation Room No 7 2.56m x 1.29m (8’5” x 4’3”) max
Power and light as fitted.
Rear Office 4.69m x 4.58m (15’4” x 15’0”) max
Window to side. Carpeted. LED strip lighting. Power as fitted.
Kitchen / Staff Room 6.49m x 4.48m (21’3” x 14’8”) max
Range of base units under extensive worktop. Space for fridge. Stainless steel sink unit with drainer. 2 windows. Door to yard.
Ladies Toilet
WC suite and wash hand basin. Accessible facilities.
Gents Toilet
WC suite and wash hand basin.
From the staff room a staircase leads up to ……
First floor
Workshop 8.97m x 4.55m (29’5” x 14’11”) max
Window to one end plus 2 roof lights. Fitted benching. Stainless steel sink with single drainer. Cupboards under.
Office 4.66m x 4.46m (15’3” x 14’8”) max
Window to the side plus a roof light. Radiator. Power and lighting as fitted. Carpeted.
Steps up to a further…
Office 3.86m x 2.11m (12’8” x 6’11”) max
Window to rear. Spot lighting. Power as fitted.
Records Store 3.90m x 2.96m (12’9” x 9’9”) max
Window. Racking as fitted.
Externally
To the rear of the property is a Yard area with access gate from Newfoundland Way.
Services
We have been advised that mains water, drainage, gas and electricity are available to the premises.
Energy performance certificate
An EPC has been obtained, a summary is available to download from the web site. The rating is: C 57
Business rates
Rateable Value: - £16,500 (2026 Valuation list)
For further information please contact the Business Rates department at Teignbridge District Council tenancy
The premises are let on a 5 year Fri lease to Bill Optical Ltd, who are part of the Hakim Group from the 30th April 2025 (Expires on 29th April 2030) at a rent of £24,000 per annum payable quarterly in advance. There is no rent review or beak clause. The lease is within the Landlord and Tenant Act. The tenant reimburses the landlord for the buildings insurance premium.
The Hakim Group is a registered trademark of HO2 Management Limited (Company No: 05476134) which we believe are the largest family of independent opticians in the UK and Ireland with a turnover of £243 million and over 400 outlets.
Price
Offers are sought in the region of £295,000 for the freehold of this prominent and well presented town centre premises subject to and with the benefit of the lease as above, therefore offering an investor a gross return of just over 8% before purchase costs.
VAT
We understand that VAT is not payable on the rent or the sale price on this occasion.
Anti money laundering regulations compliance
A successful purchaser will be required to provide proof of identity and address, plus proof of funds to satisfy the Anti Money Laundering requirements when Heads of Term are agreed.
Legal costs
Each party are to be responsible for their own legal costs.
Viewing
Strictly by prior appointment only with the sole agents, for the attention of Tony Noon Ref (0917)
Newton Abbot is a busy market town, being the commercial centre and heart of the Teignbridge area with a district population of approximately 121,000 extending to some 300,000 within 12.5 miles of the centre. Newton Abbot benefits from a wide catchment area drawing from a large number of small towns and villages in the surrounding area. The premises are prominently located in Wolborough Street in the centre of the town close to the historic clock tower, and opposite and adjacent to 2 of the Austins Department stores. Newton Abbot offers convenient access to the A380 Exeter to Torquay dual carriageway joining with the M5 Motorway at Exeter, which is approximately 15 miles distant, or Torbay and Torquay to the South which is approximately 10 miles distant.
The premises are centrally located fronting Wolborough Street with a rear access to Newfoundland Way. The property is convenient for a number of public car parks and the main town centre including the Market Walk shopping centre and the soon to be opened refurbished Market Hall. The Ground Floor is well presented with a retail area to the front and a number of consultation and fitting rooms behind. At the rear is a spacious office and kitchen / staff room with a further office and a large workshop on the first floor which is at the rear. The property has a rear Yard area with rear access.
Accommodation
Brief details of the accommodation with approximate maximum internal dimensions are as follows:-
Accessed from Wolborough Street via a glazed door to ……..
Front Area 10.31m x 6.88m (33’10” x 22’7”) max
Double fronted shop front with recessed glazed entrance door. Suspended ceiling with integrated spot lighting. Reception counter. Hvac unit. Corridor leading to ….
Rear Fitting area 7.07m x 2.00m (23’2” x 6’7”) max
Display area for frames etc with consultation area.
Consultation Room No 1 1.90m x 1.68m (6’3” x 5’6”) max
Sliding door to main area. Power and light as fitted.
Consultation Room No 2 3.21m x 2.35m (10’6” x 7’8”) max
Power and light. Wash basin.
Consultation Room No 3 2.00m x 1.87m (6’7” x 6’2”) max
Power and light as fitted. Wall mounted Server cabinet.
Consultation Room No 4 3.21m x 2.39m (10’6” x 7’10”) max
Wash hand basin. Power and light as fitted.
Fitting Area 3.45m x 1.7m (11’3” x 5’7”) max
Wash basin. Fitted benching to one wall with mirror over.
Consultation Room No 5 3.22m x 2.40m (10’7” x 7’10”) max
Wash hand basin. Power and light as fitted.
Consultation Room No 6 3.41m x 2.18m (11’2” x 7’2”) max
Wash hand basin. Power and light as fitted.
Consultation Room No 7 2.56m x 1.29m (8’5” x 4’3”) max
Power and light as fitted.
Rear Office 4.69m x 4.58m (15’4” x 15’0”) max
Window to side. Carpeted. LED strip lighting. Power as fitted.
Kitchen / Staff Room 6.49m x 4.48m (21’3” x 14’8”) max
Range of base units under extensive worktop. Space for fridge. Stainless steel sink unit with drainer. 2 windows. Door to yard.
Ladies Toilet
WC suite and wash hand basin. Accessible facilities.
Gents Toilet
WC suite and wash hand basin.
From the staff room a staircase leads up to ……
First floor
Workshop 8.97m x 4.55m (29’5” x 14’11”) max
Window to one end plus 2 roof lights. Fitted benching. Stainless steel sink with single drainer. Cupboards under.
Office 4.66m x 4.46m (15’3” x 14’8”) max
Window to the side plus a roof light. Radiator. Power and lighting as fitted. Carpeted.
Steps up to a further…
Office 3.86m x 2.11m (12’8” x 6’11”) max
Window to rear. Spot lighting. Power as fitted.
Records Store 3.90m x 2.96m (12’9” x 9’9”) max
Window. Racking as fitted.
Externally
To the rear of the property is a Yard area with access gate from Newfoundland Way.
Services
We have been advised that mains water, drainage, gas and electricity are available to the premises.
Energy performance certificate
An EPC has been obtained, a summary is available to download from the web site. The rating is: C 57
Business rates
Rateable Value: - £16,500 (2026 Valuation list)
For further information please contact the Business Rates department at Teignbridge District Council tenancy
The premises are let on a 5 year Fri lease to Bill Optical Ltd, who are part of the Hakim Group from the 30th April 2025 (Expires on 29th April 2030) at a rent of £24,000 per annum payable quarterly in advance. There is no rent review or beak clause. The lease is within the Landlord and Tenant Act. The tenant reimburses the landlord for the buildings insurance premium.
The Hakim Group is a registered trademark of HO2 Management Limited (Company No: 05476134) which we believe are the largest family of independent opticians in the UK and Ireland with a turnover of £243 million and over 400 outlets.
Price
Offers are sought in the region of £295,000 for the freehold of this prominent and well presented town centre premises subject to and with the benefit of the lease as above, therefore offering an investor a gross return of just over 8% before purchase costs.
VAT
We understand that VAT is not payable on the rent or the sale price on this occasion.
Anti money laundering regulations compliance
A successful purchaser will be required to provide proof of identity and address, plus proof of funds to satisfy the Anti Money Laundering requirements when Heads of Term are agreed.
Legal costs
Each party are to be responsible for their own legal costs.
Viewing
Strictly by prior appointment only with the sole agents, for the attention of Tony Noon Ref (0917)
Mortgage calculator
Monthly repayment
£1,475 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}