Investment For Sale, Sidmouth, Devon

Single Let Investment Comprising A Three Storey End Terrace Corner Period Building.<br>
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Popular Investor Location<br>
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Let To Strong National Covenant On Fri Lease<br>
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Passing Rent: £36,000 P.a.<br>
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Potential To Separate Upper Floors<br>
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Sidmouth Is A Prosperous East Devon Coastal Town Around 15 Miles East Of Exeter. The Town Centre Includes A Mix Of Local And National Retailers. <br>
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The Property Is Situated On The Corner Of New Street And Fore Street In A Prominent Corner Position. Fore Street Forms Part Of The Main Retail Thoroughfare (together With High Street To The North) And The Arterial Route Leading To The Sea Front. New Street Is A Cut Through Parade Linking Fore Street And Old Fore Street.<br>
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Comprises A Three Storey End Terraced/corner Period Building (former Hsbc Banking Premises) Arranged To Provide Ground Floor Retail Accommodation With Ancillary Office/staff Accommodation Above (accessed Internally Or Via Second Fire Escape Door). Includes Retail Frontage Onto New Street And Return Frontage Onto Fore Street.<br>
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Vat Is Chargeable Where Applicable.<br>
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Each Party To Bear Their Own Legal Costs In The Transaction.<br>
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An Epc Is Available For This Property. Please Contact The Agent For Further Details.<br>
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The Property Let By Way Of A Lease For A Term Of 10 Years From 1st August 2025 To Jg Foods Ltd T/a Grape Tree. The Lease Is On Full Repairing And Insuring Terms (subject To A Schedule Of Condition On Certain Areas Of Accommodation) And Contains A Rent Review And Break Option At The 5th Anniversary Of The Term. <br>
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The Passing Rent Is £36,000 Per Annum, Increasing To £37,000 In Year 3, £38,000 In Year 4, And £40,000 In Year 5.