Property photos
£125,000
(£123.76/sq. ft)
Retail premises for sale
Piermont Place, Dawlish EX71,010 sq. ft
Local area information
Property location
Nearby amenities
- Dawlish 0 miles
- Dawlish College 0.3 miles
- Westcliff Primary Academy 0.6 miles
- Dawlish Warren 1.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Dawlish to find out more about the local area.
Features and description
- Dawlish Town Centre investment premises
- Prominent Town Centre investment premises
- Possibility for owner occupier if required
- Well fitted and recently redecorated externally
- 2 Flats over sold off on 999 year leases
Situation and description
The property is centrally located with ease of access to the remainder of the Town and the beeches and railway station. Dawlish is located approximately 10 miles south of Exeter, 9 miles West of Newton Abbot and 2 miles North of Teignmouth. Road access to Dawlish is principally via the A379 which forms the picturesque coastal route from Exeter to Newton Abbot and onto Torbay. Access to the M5 motorway is available at junction 30 approximately 10 miles away with Exeter offering a wider range of amenities.
The property offers an unusual opportunity to acquire an investment premises in the centre of the town fronting this main road, but also with the potential to either occupy the premises at the end of next year or relet the shop. The shop is arranged as a spacious retail unit at the front leading through to a further showroom at the rear with an Office/ workshop and toilet. The property is suitable for a variety of Retail users, taking advantage of its size and high visibility location, subject to any necessary consents.
Accommodation
Brief details of the accommodation with approximate maximum internal dimensions are as follows:-
Front Retail Area 8.93m x 6.70m (24’3” x 16’5”) max
Irregular shaped room with prominent glazed frontage overlooking the town. Accessed via a fully glazed door set within a double fronted shop front. Carpet and vinyl flooring. Strip lighting and power as fitted.
Rear Area 2 2.88m x 2.67m (9’5” x 8’9”) max
Leading from the front area. Offering additional display space. Strip lighting. Vinyl flooring. Door to ……
Toilet
Low level WC suite with wash hand basin.
Office / Workshop 6.96m x 2.67m (22’10” x 8’9”) max
Useful office with high level window. Power and light as fitted. Carpeted.
Energy performance certificate
An EPC has been requested. A full version is available to download from the web site or via the link below. The rating is : B 50
Services
Mains Electricity, water and drainage are available to the premises.
Tenancy
The Ground floor is let on a 6 year lease from the 5th October 2022 at a rent of £9,450 per annum, contracted outside of the landlord and tenant act. The lease contains a rent review and tenant only break clause at the end of the third year. The tenants will contribute 33.3% towards the costs of the maintenance of the premises and the buildings insurance, plus £475 every 6 months towards a sinking fund for future expenditure and buildings insurance.
Price and tenure
Offers are sought on a guide price of £125,000 for the freehold subject to and with the benefit of the tenancy of the ground floor retail unit offering an investor a gross return of 7.6% before purchase costs. The 2 flats over have been sold off on 999 year leases.
Rates
Rateable Value: - £9,200 (2023 Valuation List)
A reduction of up to 100% may be available under the small business rate relief scheme. To see if you or the premises qualify for this discount, please contact Teignbridge District Council legal costs
Each party to be responsible for their own legal costs in the sale.
Viewing
Strictly by prior appointment only with the sole agent, for the attention of Tony Noon Ref (0831)
The property is centrally located with ease of access to the remainder of the Town and the beeches and railway station. Dawlish is located approximately 10 miles south of Exeter, 9 miles West of Newton Abbot and 2 miles North of Teignmouth. Road access to Dawlish is principally via the A379 which forms the picturesque coastal route from Exeter to Newton Abbot and onto Torbay. Access to the M5 motorway is available at junction 30 approximately 10 miles away with Exeter offering a wider range of amenities.
The property offers an unusual opportunity to acquire an investment premises in the centre of the town fronting this main road, but also with the potential to either occupy the premises at the end of next year or relet the shop. The shop is arranged as a spacious retail unit at the front leading through to a further showroom at the rear with an Office/ workshop and toilet. The property is suitable for a variety of Retail users, taking advantage of its size and high visibility location, subject to any necessary consents.
Accommodation
Brief details of the accommodation with approximate maximum internal dimensions are as follows:-
Front Retail Area 8.93m x 6.70m (24’3” x 16’5”) max
Irregular shaped room with prominent glazed frontage overlooking the town. Accessed via a fully glazed door set within a double fronted shop front. Carpet and vinyl flooring. Strip lighting and power as fitted.
Rear Area 2 2.88m x 2.67m (9’5” x 8’9”) max
Leading from the front area. Offering additional display space. Strip lighting. Vinyl flooring. Door to ……
Toilet
Low level WC suite with wash hand basin.
Office / Workshop 6.96m x 2.67m (22’10” x 8’9”) max
Useful office with high level window. Power and light as fitted. Carpeted.
Energy performance certificate
An EPC has been requested. A full version is available to download from the web site or via the link below. The rating is : B 50
Services
Mains Electricity, water and drainage are available to the premises.
Tenancy
The Ground floor is let on a 6 year lease from the 5th October 2022 at a rent of £9,450 per annum, contracted outside of the landlord and tenant act. The lease contains a rent review and tenant only break clause at the end of the third year. The tenants will contribute 33.3% towards the costs of the maintenance of the premises and the buildings insurance, plus £475 every 6 months towards a sinking fund for future expenditure and buildings insurance.
Price and tenure
Offers are sought on a guide price of £125,000 for the freehold subject to and with the benefit of the tenancy of the ground floor retail unit offering an investor a gross return of 7.6% before purchase costs. The 2 flats over have been sold off on 999 year leases.
Rates
Rateable Value: - £9,200 (2023 Valuation List)
A reduction of up to 100% may be available under the small business rate relief scheme. To see if you or the premises qualify for this discount, please contact Teignbridge District Council legal costs
Each party to be responsible for their own legal costs in the sale.
Viewing
Strictly by prior appointment only with the sole agent, for the attention of Tony Noon Ref (0831)
More information
Listed by
.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Noon Roberts. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Noon Roberts for full details and further information.