Property photos
£145,000
(£166.09/sq. ft)
Retail premises for sale
18 The Strand, Dawlish, Devon EX7873 sq. ft
Available immediately
Local area information
Property location
Nearby amenities
- Dawlish 0.2 miles
- Dawlish College 0.3 miles
- Westcliff Primary Academy 0.5 miles
- Dawlish Warren 1.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Dawlish to find out more about the local area.
Features and description
- Town centre fully let lock up/retail cafe investment
- Prime trading position in popular seaside town
- Ground floor cafe and first floor store
- Passing rent: £14,000 p.a.
- Guide price: £145,000
Town centre fully let lock up/retail cafe investment
Prime trading position in popular seaside town
Ground floor cafe and first floor store
Guide price: £145,000
Passing rent: £14,000 p.a.
The property is located in a prime position on the Strand, a popular trading location in the heart of the town centre. Dawlish is a busy Devon seaside tourist town with a population of approximately 12,000 benefitting from an influx of tourist particularly during the summer months.
The town is situated approximately 10 miles south east of Exeter and 12 miles from Torquay. The railway station offers regular train services to Exeter and connections to all major South West destinations. Nearby occupiers include Boots Chemist, the Co-op supermarket, Shoe Centre, BetFred together with a number of independent retailers, cafes and restaurants.
The property comprises a ground floor café and first floor store. The accommodation provides well presented customer seating on two levels with counter/bar, additional seating, commercial kitchen, w/c facilities and a first floor store.
The property comprises the following net internal floor areas:
Ground floor café, bar and seating: 495 sq ft (44.94 sq m)
Ground floor kitchen and store: 199 sq ft (18.49 sq m )
First floor store: 179 sq ft (16.62 sq m)
total: 873 sq ft (81.05 sq M)
Tenure
Long leasehold interest 999 years from 1st January 2006 subject to a peppercorn rent.
VAT
The property has not been elected for VAT.
Lease Terms
The property is being sold with the benefit of a lease of the ground floor café and first floor store let to Helga Kirsten Brown for a term of 5 years from 26th March 2024 on an internal repairing basis with the landlord responsible to keep and maintain the roof.
The passing rent is £14,000 per annum and subject to 5 yearly rent reviews. We understand no rent reviews have been implemented since the commencement of the lease. The landlord insures the building and recovers the fair proportion of the annual premium from the tenant.
Proposal
The guide price for the long leasehold interest is £145,000 reflecting a net initial yield of 9.48%. A 25% share of the freehold will be gifted to the purchaser upon completion of the sale.
Legal Costs
Each party to pay their own legal costs incurred in the transaction.
The property has not been elected for VAT.
Both parties to bear their own legal costs in the transaction.
An EPC is available for this property. Please contact the agent for further details.
Prime trading position in popular seaside town
Ground floor cafe and first floor store
Guide price: £145,000
Passing rent: £14,000 p.a.
The property is located in a prime position on the Strand, a popular trading location in the heart of the town centre. Dawlish is a busy Devon seaside tourist town with a population of approximately 12,000 benefitting from an influx of tourist particularly during the summer months.
The town is situated approximately 10 miles south east of Exeter and 12 miles from Torquay. The railway station offers regular train services to Exeter and connections to all major South West destinations. Nearby occupiers include Boots Chemist, the Co-op supermarket, Shoe Centre, BetFred together with a number of independent retailers, cafes and restaurants.
The property comprises a ground floor café and first floor store. The accommodation provides well presented customer seating on two levels with counter/bar, additional seating, commercial kitchen, w/c facilities and a first floor store.
The property comprises the following net internal floor areas:
Ground floor café, bar and seating: 495 sq ft (44.94 sq m)
Ground floor kitchen and store: 199 sq ft (18.49 sq m )
First floor store: 179 sq ft (16.62 sq m)
total: 873 sq ft (81.05 sq M)
Tenure
Long leasehold interest 999 years from 1st January 2006 subject to a peppercorn rent.
VAT
The property has not been elected for VAT.
Lease Terms
The property is being sold with the benefit of a lease of the ground floor café and first floor store let to Helga Kirsten Brown for a term of 5 years from 26th March 2024 on an internal repairing basis with the landlord responsible to keep and maintain the roof.
The passing rent is £14,000 per annum and subject to 5 yearly rent reviews. We understand no rent reviews have been implemented since the commencement of the lease. The landlord insures the building and recovers the fair proportion of the annual premium from the tenant.
Proposal
The guide price for the long leasehold interest is £145,000 reflecting a net initial yield of 9.48%. A 25% share of the freehold will be gifted to the purchaser upon completion of the sale.
Legal Costs
Each party to pay their own legal costs incurred in the transaction.
The property has not been elected for VAT.
Both parties to bear their own legal costs in the transaction.
An EPC is available for this property. Please contact the agent for further details.
More information
Listed by
Stratton Creber Commercial
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