Duke of York 15 Ford St 2,690 SF Retail Building Tavistock PL19 8DZ $466,040 CAD ($173.25 CAD/SF)

Investment Consideration:
Gross Initial Yield: 7.28%
Rental Income: £18,200 p.a.
VAT is applicable to this property
Comprises large public house with 3-bed owner`s flat
Benefits from commercial kitchen and restaurant area
Includes large beer garden and ancillary storage rooms
Occupiers close by including takeaway, convenience store and car dealer, amongst others.
Property Description:
Comprises a ground floor public house with three-bed owners` accommodation at first floor. The pub benefits from large beer garden (30ppl), commercial kitchen, pool/dartboard games area and place for TV and sports, providing the following accommodation and dimensions:
Ground Floor: Open plan bar & restaurant seating. office, storage, customer wc`s
First Floor: 3 bedrooms, living room, bathroom
Total GIA: 250 sq m (2,690 sq ft)
Tenancy:
The property is at present let to an Individual (with personal guarantor) for a term of 6 Years 11 Months from 5th December 2025 at a current rent of £18,200* p.a. Tenant option to determine on 05.12.28 with min 6 months notice.
*Tenant pays reduced rent of £10,400 p.a. until December 2026, £15,600 p.a. until December 2027. Fixed rental increase to £18,200 p.a. from 05.12.27. Vendor will top-up rent until 04.12.27 so the buyer receives £18,200 p.a. from completion.
Fixed rental increase to £20,800 p.a. from 05.12.28 until the end of the term.
Location:
Tavistock is an ancient stannary and market town within West Devon, England. It is situated on the River Tavy from which its name derives. Tavistock lies on the edge of Dartmoor, around 24 kilometres (14.9 mi) north of Plymouth on the A386. Plymouth Road, the A386 heading west from the centre of the square, is home to much of the town's tourist trade, with many hotels and bed and breakfast establishments, as well as the town's bus station. Between Plymouth Road and the Tavy is the park, known locally as the Meadows, along with car parks, the Wharf theatre, cinema and culture centre, and a public recreation pool. West of the Meadows are found the substantial playing fields and buildings of Tavistock College, reached by an underpass below the A386. Further south along the Plymouth Road/A386 lie industrial estates, supermarkets and other large retail outlets.