Property photos
£9,500 pa
(£14.71/sq. ft. pa)
Retail premises to let
Union Street, Newton Abbot TQ12646 sq. ft
Local area information
Property location
Nearby amenities
- Wolborough Church of England (Aided) Nursery and Primary School 0 miles
- Bearnes Voluntary Primary School 0.2 miles
- Newton Abbot 0.4 miles
- Shaldon Teignmouth Ferry Landing 4.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Newton Abbot to find out more about the local area.
Features and description
- Newton Abbot Town Centre Premise
- Currently trading as a Hair Salon
- Fixtures and fittings available by negotiation
- Potential for alternative uses (STP)
- Available Freehold, or by way of a new lease
Situation and description
Newton Abbot is a busy market town, being the commercial centre and heart of the Teignbridge area with a district population of approximately 121,000 extending to some 300,000 within 12.5 miles of the centre. Newton Abbot benefits from a wide catchment area drawing from a large number of small towns and villages in the surrounding area. This is significantly enhanced in the summer from the nearby coast at Teignmouth and Torquay, plus the Dartmoor National Park.
Union Street is a sought after and popular retail area with a wide mix of specialist, local and regional retailers plus some professional users. Union Street links with Courtenay Street, the prime retail area of the town which is pedestrianized and leads into Market Walk, the covered shopping precinct. Union Streets location just 100 yards off of this prime retail thoroughfare allows a characterful and eclectic mix of smaller retailers and the chance to enjoy a near prime location for a more modest outlay. Union Street will also be the pedestrian link to the town from the Sainsburys Convenience Store in East Street. The shop has traded as a hair salon for many years, and although the premises are ideally suited to this use, they would also suit a variety of other potential users, including specialist retail or office use, subject to the usual consent.
Accommodation
Brief details of the accommodation with approximate maximum internal dimensions are as follows:-
Approached from Union Street via a glazed shop front with a recessed doorway into …….
Salon / Shop 7.67m x 4.03m (25’2” x 13’2”) max
Large aluminium glazed shop front with glazed entrance door. Sun blind over. Tiled floor. Benching to 2 walls with mirrors and lighting over creating 9 workstations (this could easily be removed to return the space back to a large retail area). Sales counter by the entrance. 3 radiators. Spot lighting as fitted.
Retail Area 2 5.17m x 3.38m (16’12 x 11’1”) max
Widening out and currently fitted with 4 back wash basins with mirrored walls and spot lighting as fitted. Door to customer toilet area and door to staff area as follows
Kitchen / Staff Area 3.07m x 1.65m (10’1” x 5’5”) max
Spot lighting as fitted. Roof light. Stainless steel sink unit with single drainer. Range of units under ample worktops.
Wash Area 3.09m x 2.18m (10’2” x 7’2”) max
Range of wall and base units under worktops. Wash hand basin. Gas fired central heating boiler. Spots
Toilet
WC suite with wash hand basin and electric water heater.
Price and tenure
Offers are invited in the region of £125,000 for the freehold of this ground floor retail premises in a sought after retail parade. The fixtures and fittings ae available by negotiation. We understand the flat above has been sold off on a 99 year lease from the 11th March 1980 at a peppercorn rent.
Rent and lease
A new 6 year effective Fri lease is available by way of service charge at a rent of £9,500 pa with an upwards only rent review at the third year. A tenant only break clause is also available on the third anniversary providing 6 months prior written notice. The lease will be contracted outside of the Landlord and Tenant Act.
Services
Mains water, drainage, gas and electricity are available.
Rates
Rateable Value: - £7,900 (2023 valuation)
A reduction of up to 100% may be available under the small business relief scheme. To see if you or the premises qualify for this discount please contact Teignbridge District Council Business Rates department on energy performance certificate
An EPC has been requested for the property, a copy will be shown below with the full version available to download from the web site. The rating is:
Legal costs
Each party to bear their own legal costs involved in this transaction.
VAT
We understand that VAT is not chargeable on the sale price.
Anti money laundering regulations compliance
A successful purchaser will be required to provide proof of identity and address, plus proof of funds to satisfy the Anti Money Laundering requirements when Heads of Term are agreed.
Viewing
Strictly by prior appointment only with the sole agents, for the attention of Tony Noon Ref (0083)
Newton Abbot is a busy market town, being the commercial centre and heart of the Teignbridge area with a district population of approximately 121,000 extending to some 300,000 within 12.5 miles of the centre. Newton Abbot benefits from a wide catchment area drawing from a large number of small towns and villages in the surrounding area. This is significantly enhanced in the summer from the nearby coast at Teignmouth and Torquay, plus the Dartmoor National Park.
Union Street is a sought after and popular retail area with a wide mix of specialist, local and regional retailers plus some professional users. Union Street links with Courtenay Street, the prime retail area of the town which is pedestrianized and leads into Market Walk, the covered shopping precinct. Union Streets location just 100 yards off of this prime retail thoroughfare allows a characterful and eclectic mix of smaller retailers and the chance to enjoy a near prime location for a more modest outlay. Union Street will also be the pedestrian link to the town from the Sainsburys Convenience Store in East Street. The shop has traded as a hair salon for many years, and although the premises are ideally suited to this use, they would also suit a variety of other potential users, including specialist retail or office use, subject to the usual consent.
Accommodation
Brief details of the accommodation with approximate maximum internal dimensions are as follows:-
Approached from Union Street via a glazed shop front with a recessed doorway into …….
Salon / Shop 7.67m x 4.03m (25’2” x 13’2”) max
Large aluminium glazed shop front with glazed entrance door. Sun blind over. Tiled floor. Benching to 2 walls with mirrors and lighting over creating 9 workstations (this could easily be removed to return the space back to a large retail area). Sales counter by the entrance. 3 radiators. Spot lighting as fitted.
Retail Area 2 5.17m x 3.38m (16’12 x 11’1”) max
Widening out and currently fitted with 4 back wash basins with mirrored walls and spot lighting as fitted. Door to customer toilet area and door to staff area as follows
Kitchen / Staff Area 3.07m x 1.65m (10’1” x 5’5”) max
Spot lighting as fitted. Roof light. Stainless steel sink unit with single drainer. Range of units under ample worktops.
Wash Area 3.09m x 2.18m (10’2” x 7’2”) max
Range of wall and base units under worktops. Wash hand basin. Gas fired central heating boiler. Spots
Toilet
WC suite with wash hand basin and electric water heater.
Price and tenure
Offers are invited in the region of £125,000 for the freehold of this ground floor retail premises in a sought after retail parade. The fixtures and fittings ae available by negotiation. We understand the flat above has been sold off on a 99 year lease from the 11th March 1980 at a peppercorn rent.
Rent and lease
A new 6 year effective Fri lease is available by way of service charge at a rent of £9,500 pa with an upwards only rent review at the third year. A tenant only break clause is also available on the third anniversary providing 6 months prior written notice. The lease will be contracted outside of the Landlord and Tenant Act.
Services
Mains water, drainage, gas and electricity are available.
Rates
Rateable Value: - £7,900 (2023 valuation)
A reduction of up to 100% may be available under the small business relief scheme. To see if you or the premises qualify for this discount please contact Teignbridge District Council Business Rates department on energy performance certificate
An EPC has been requested for the property, a copy will be shown below with the full version available to download from the web site. The rating is:
Legal costs
Each party to bear their own legal costs involved in this transaction.
VAT
We understand that VAT is not chargeable on the sale price.
Anti money laundering regulations compliance
A successful purchaser will be required to provide proof of identity and address, plus proof of funds to satisfy the Anti Money Laundering requirements when Heads of Term are agreed.
Viewing
Strictly by prior appointment only with the sole agents, for the attention of Tony Noon Ref (0083)
More information
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