Retail premises for sale

Brook Street, Tavistock PL19

This historic (though not listed) commercial premises has a half-timbered frontage and enjoys a prime location on the main shopping street of Tavistock. The freehold encompasses two double-fronted commercial units, both with excellent window frontage.

The first unit (48b) is a two-storey end-terrace retail premises leased to a national chain tenant until at least 2027. The second adjacent premises (48a) is currently leased but vacant, and is set over 5 floors. The ground floor is currently configured for retail use, with storage on the first floor. Staff facilities, including kitchen, break room and WC are located on the second floor. The top floor provides attic storage, and a cellar completes this second unit.

Under Use Class E, a broad range of commercial uses is permitted, including retail, sale of food & drink, professional services, indoor recreation, medical or health services, nursery and offices. This versatility offers a great opportunity for a commercial landlord to add to their portfolio while maintaining flexibility on the type of tenant attracted. Potential rental yields are in the region of 12%.

The centre of the unesco World Heritage town of Tavistock is anchored by the historic pannier market and is well frequented by locals and visitors alike, with tourists travelling from significant distances to holiday in the area. Locals hold a strong sense of community and take pride in ‘shopping local’, embracing both independent and chain retail and service businesses alike. Tavistock provides a broad range of shopping amenities, services and schooling along with a riverside park, leisure centre and theatre all based around the beautiful countryside of Dartmoor National Park. The town is ideally located with easy access to the maritime city of Plymouth which offers an excellent retail and commerce centre, as well as road, rail and ferry links. Outdoor enthusiasts are well served, having both the wilds of Dartmoor as well as the gentler countryside of the Tamar Valley on your doorstep.