Dartmouth

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MODERN RETAIL PREMISES TO LET - 3 FOSS STREET

New FRI lease available at £17,000 per annum, An ingoing premium IRO £20,000 is also sought

Situated in the popular Foss Street, the well-presented premises have an open plan retail space with modern retail frontage

LOCATION:
Dartmouth is one of the most characterful and popular resorts in the South West. Located within the South Hams District of Southern Devon, the town is set on the western bank of the estuary of the River Dart. Situated within an Area of Outstanding Natural Beauty, Dartmouth is extremely busy within the summer season, and retail properties are highly sought after by national, regional and local retailers.

SITUATION:
The property is situated in the popular Foss Street, in close proximity to the harbour front and the famous Butterwalk Building. Foss Street has a mix of galleries, clothes and crafts retailers, along with a number of café’s and restaurants. Nearby occupiers include, Musto, Joules and Ladbrokes.

DESCRIPTION:
The ground floor has an open plan retail space with level access off Foss Street, with good modern frontage and regular internal layout. The property is presented in an excellent decorative condition with feature marble tiled flooring, good spot lighting throughout and air conditioning/heating unit. The property is capable of being traded from immediately.

ACCOMMODATION: (All dimensions and areas are approximate)

Main sales area 43.9m² (473 ft²)
Store 3.6m² ( 38 ft²)
Kitchen 1.6m² ( 17 ft²)
Staff WC

LEASE TERMS:
The property is available by means of a new lease on flexible terms to be agreed. The tenant will be responsible for the proportional full repair and decoration of the premises. The rent will be reviewed at 3 yearly intervals.

RENT:
£17,000 per annum, payable quarterly in advance.

PREMIUM:
An ingoing premium is sought in the region of £20,000 for the grant of a new lease.

BUSINESS RATES:
Rateable Value £18,250 (2010 list).
For further information regarding rates payable, contact South Hams District Council.

VAT:
We understand that VAT is not payable on the rent.

SERVICES:
We have not tested services connected to the premises and the ingoing tenant/purchaser should carry out their own inspections.

PLANNING:
Interested parties should make their own enquiries with South Hams District Council Planning Department to satisfy themselves that consent exists for the proposed use.

LEGAL FEES:
The ingoing tenant will be responsible for the landlord’s reasonable legal costs incurred in dealing with the grant of the new lease.

ENERGY EFFICIENCY RATING - D
Certificate Reference Number: 0920-9028-0381-2790-3000
Report Reference Number: 0920-4092-0218-0300-7891

VIEWING:
Viewing arrangements may be made through Charterwood on(01872) 261216.
Contact Chris Waters or Stuart Sly

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