- Home
- Investment
- Development and Land
- Kingsbridge
Kingsbridge
- £400,000
- Freehold
- Development and Land, Investment
- Home
- Investment
- Development and Land
- Kingsbridge
- £400,000
- Freehold
- Development and Land, Investment
Features
- Prime Freehold Development Opportunity
- Potential for up to 6 Residential Units and 1 Commercial Unit (STP)
- Total Gross Internal Area Approx. 294m² (3,165 sq ft)
- Arranged as Offices Over Three Floors and an Established 1 Bed Flat
- Current Commercial Lease Expiry in March 2027 or Earlier on Mutual Agreement
Features
- Arranged as Offices Over Three Floors and an Established 1 Bed Flat
- Current Commercial Lease Expiry in March 2027 or Earlier on Mutual Agreement
- Potential for up to 6 Residential Units and 1 Commercial Unit (STP)
- Prime Freehold Development Opportunity
- Total Gross Internal Area Approx. 294m² (3,165 sq ft)
Description
The property occupies a prominent position on Fore Street, one of the principal streets within Kingsbridge town centre. Fore Street forms part of the main high street, surrounded by a mix of independent retailers, professional offices and residential dwellings. This is a highly desirable South Hams location offering strong investment prospects and excellent amenities. The area is popular with professionals, downsizers and second homeowners, making it a prime spot for future residential conversion or mixed-use development.
This attractive period freehold property is arranged over ground, first and second floors and is currently let in its entirety to a local solicitor’s firm.
The premises include ground and upper floor office accommodation as well as a self-contained one-bedroom flat located on the second floor.
Subject to planning, it is believed the building could be converted into either 6 flats and a commercial unit or four flats, a 2–3-bedroom cottage and a commercial unit on the ground floor fronting the high street.
The property is currently let on a commercial lease expiring March 2027. We have been informed however, that the current tenant would be willing to surrender the lease early, as they have sourced alternative offices.
GROUND FLOOR
GIA: 79m²
FIRST FLOOR
GIA: 120m²
SECOND FLOOR OFFICES
GIA: 47m²
SECOND FLOOR FLAT
GIA: 46.4m²
TOTAL GIA
Approx. 294m² (3,165 sq ft)
EXTERNAL & ACCESS
Between 46 & 48 Fore Street is a pedestrian passageway which provides access to the separately owned residential properties at the rear and secondary means of access into 46 & 48 Fore Street.
TENURE
Freehold, subject to the existing commercial lease and long leasehold title of the commercial unit 46 Fore Street (T/a Wanderlust).
The commercial unit, 46 Fore Street is separately available at an asking price of £90,000.
COMMERCIAL LEASE
Tenant: Windeatts Solicitors.
Rent: £18,000 per annum.
Lease Expiry: March 2027.
Terms: Full Repairing and Insuring.
ASKING PRICE
An asking price of £400,000.
The vendor is open to offers subject to planning and may consider delayed completion until lease expiry.
EPC AWAITED
BUSINESS RATES
Rateable Value: £15,750
Prospective purchasers should make their own enquiries to the Local Billing Authority.
LEGAL COSTS
Each party will be responsible for their own legal costs unless expressly agreed otherwise.
VIEWING
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
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Address
- Address 46-48 Fore Street
- Area Kingsbridge
- County Devon
- Postal Code TQ7 1NY
- Country UK
- Sandra
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- Sandra
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