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Floorplan
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    Key features

    • To be offered on Wednesday 22 April
    • Freehold Shopping Arcade Investment
    • Comprising 5 retail units (+2 sold off)
    • Arranged over 5,199 sq ft
    • Well located in Kingsbridge, a significant town close to Salcombe
    • WAULT 8.6 years
    • VAT is not applicable
    • Investment let at £51,850 p.a. (11.52% GIY on Guide Price)

    Description

    The property comprises a shopping arcade of 7 self-contained retail units.

    Additional information

    Tenure

    Freehold

    Accommodation

    Total - 483 sq m (5,199 sq ft)

    Please see the below schedule of accommodation and tenancies

    Tenancy

    Please see the below schedule of accommodation and tenancies

    Rent

    £51,850 per annum

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      The property is situated in the heart of Kingsbridge town centre, occupying a prominent position on Bridge Street close to the junction with Fore Street, the town’s principal retailing thoroughfare. Kingsbridge serves as a key commercial and administrative hub for the South Hams, benefitting from strong local amenities, a busy year‑round population, and significant seasonal tourist trade owing to its proximity to Salcombe and the South Devon coastline. The surrounding area comprises a mix of national and independent retailers, cafés, and service operators, ensuring consistent footfall and strong visibility for occupiers.

      Nearby occupiers include Peacocks, Costa Coffee, and Morrisons amongst others.

      Transport

      Kingsbridge benefits from good local connectivity, with regular bus services linking the town centre to Totnes, Dartmouth, Salcombe and Plymouth.

      Rail - The nearest mainline railway station is Totnes, approximately 12 miles to the north, providing direct services to Exeter, Plymouth and London Paddington.

      Road - access is via the A381, which connects Kingsbridge to the wider South Hams and Devon road network.

      The surrounding area is well served by public car parks, with additional on‑street parking available nearby.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums