Costa Coffee, Crediton

 

28 High Street, Devon, EX17 3AH

Offers in excess of
N/A
Acquired
Type - Commercial
Tenant type - Restaurant
  • Tenure: Freehold
  • Gross Rent: £25,000
  • Lease Term: 10 years from Jan '17
  • VAT applicable?: N
  • High Street Location

Property Description

  •  Freehold coffee shop investment.
  •  This property is arranged on ground and two upper floors to provide a ground floor shop with ancillary upper floors which will be fitted out to trade as Costa Coffee.
  • The Property provides the following accommodation and dimensions:
    • Ground Floor     2312 sq ft
    • First Floor           1772 sq ft
    • Second Floor      Not Measured

Location Description

  • Crediton is located 8 miles north-west of Exeter on the A37, the main arterial road linking Exeter with Barnstaple to the North West, and at the junction with the A3072 which links to Tiverton some 10.5 miles north-east.
  • Property is situated on the south side of High Street (A377), in the heart of the town centre.
  • Occupiers close by include Lloyds Bank, Betfred, Tesco Express and Boots Pharmacy, together with a range of local traders.

Additional Notes

  • The property at present is let to Premier Coffee Ltd for a term of 10 years from 13th January 2017 at a current rent of £25,000 per annum.
  • The lease provides for rent reviews every fifth year of the term and contains full repairing and insuring covenants, subject to a schedule of conditions in respect of the upper floors.
  • The building has recently been renovated.

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