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13-14 Market St 778 SF Retail Condo Unit Offered at $221,475 CAD in Tavistock PL19 0DB
Executive Summary
The premises are located on Market Street just North of the Co-op supermarket in a popular edge of town centre location, which includes a number of national and local shops and businesses. There is short stay on street parking close by.
Property Facts
| Total Building Size | 3,759 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 3,759 SF |
| Property Subtype | Storefront | Year Built | 1930 |
| Building Class | B |
| Total Building Size | 3,759 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 3,759 SF |
| Year Built | 1930 |
1 Unit Available
Unit 14/B
| Unit Size | 778 SF | Sale Type | Investment |
| Price | $221,475 CAD | Tenure | Freehold |
| Price Per SF | $284.67 CAD | Cap Rate | 10.67% |
| Condo Use | Retail | NOI | $23,623.98 CAD |
| Unit Size | 778 SF |
| Price | $221,475 CAD |
| Price Per SF | $284.67 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 10.67% |
| NOI | $23,623.98 CAD |
Description
The premises comprise two self contained ground floor shop units of traditional construction with attractive traditional shop fronts, along with a first floor flat which has been sold off on a long leasehold interest.
Sale Notes
The premises are offered Freehold subject to the existing tenancies.
14 Market Street is held on a six year lease from 1st February 2023
with a rent review after three years. The current rent is £5,000 per
annum. Unit 14B is held on a six year lease from 30th June 2025 with
a rent review after three years. The current rent is £7,800 per annum.
The first floor flat (13B Market Street) is held on a 125 year lease from
15th January 2001. The rent will be £100 per annum from the 15th
January 2026. The two shops are currently held on a separate long
leasehold interest to enable them to be held in a pension fund. The
leases are all on effective FRI terms.
Nearby Major Retailers
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13-14 Market St
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