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The property comprises a high yielding retail investment let to a popular local estate agent in the centre of Tiverton.
Arranged across ground, first and second floors, the basement and ground floors are let to M&C Farrell Limited (t/a Diamond Estate Agents) on a lease expiring 11/10/2024 and paying a rent of £14,000 per annum. The second floor is sold off on a long leasehold basis and is paying £100 per annum.
The property is situated at the focal point of Fore Street, the principal retail amenity for Tiverton, near the junction with Phoenix Lane. The street boasts low vacancy with nearby occupiers including Card Factory, Boots, and EE Telephones.
Tenure
Freehold
Tenancy
The basement and ground floors are let to M&C Farrell Limited (t/a Diamond Estate Agents) on a lease expiring 10/09/2024 and paying a rent of £14,000 per annum.
The lease is on full repairing and insuring terms and is within the Landlord and Tenant 1954 Act.
The upper parts are let on a long leasehold basis, on a 125 year lease expiring 13/08/2131 and paying a ground rent of £100 per annum.
Rent