Retail premises to let in Bank Street, Newton Abbot TQ12

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 located fronting Bank Street, just off the prime area of Courtenay Street by the famous Wolborough clock tower close to Austin’s department store. 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 located in a busy thoroughfare with a range of local retailers and a number of local and national Estate Agents. The premises would therefore suit either a retail use, or possibly a more office style use seeking to gain a visible presence in this busy market town, subject to any necessary consents. The first floor offers very useful office or storage space with windows to the front, plus a kitchen and toilet. The property is convenient for a number of public car parks.

Accommodation

Brief details of the accommodation with approximate maximum internal dimensions are as follows:-

Ground floor

Accessed from Bank Street via a glazed door to ……..

Retail Area 5.89m narrowing to 3.86m x 12.2m
(19’4” narrowing to 12’8” x 39’11”) max
Prominent glazed frontage with full depth shop front with central glazed entrance door. Suspended ceiling with integrated LED lighting. Concrete floor. Power and electric wall heaters as fitted.

To the rear of the ground floor retail area, off of an inner corridor is a side access / fire escape plus a …..

Rear Store 3.90m x 2.26m (12’9” x 7’5”) max
Concrete floor. LED strip lighting. Power as fitted.

First floor

Stairs lead up to a landing with doors to ….

Office / Store No 1 4.48m x 4.40m (14’8” x 14’5”) max
Window to front. Tiled fire place with electric heater. LED strip lighting and power as fitted. Door to …

Toilet
Low level WC suite with wash hand basin, . Over sink electric water heater. Window.

Kitchen 3.31m x 1.88m (10’10” x 6’2”) max
Fitted base unit with stainless steel sink and single drainer. Window to the rear. Electric wall heater. LED lighting. Fitted wall cupboard.

Office / Store No 2 4.88m x 2.82m (16’0” x 9’3”) max
Window to front. LED lighting and power as fitted. Electric wall heater.

Office / Store No 3 2.58m x 1.89m (8’5” x 6’2”) max
Window to rear. LED lighting. Power as fitted.

Rent

A rent of £17,950 per annum is sought for this well-located retail premises with useful Office / Storage space over. The adjoining retail unit will also be available in the future, further details available on request.

Lease

A new 6 or 10 year effective Fri lease by way of service charge is available for the premises with a mid-term upwards only rent review.

VAT

We understand that VAT is not payable on the rent.

Deposit and references

A rent deposit and references are required, subject to tenant status. Full details from agents.

Business rates – retail premises
Rateable Value: - To be assessed

For further details of the Business Rates payable, please contact Teignbridge District Council on services
We understand that mains water, drainage and electricity are available to the premises.

Legal costs

Each party to be responsible for their own legal costs for the setting up of a new lease.

Energy performance certificate

An EPC has been requested, a full version will be available to download from the web site. The rating for the Shop is:

Viewing

Strictly by prior appointment only with the sole agents, for the attention of Tony Noon Ref (0781)