Restaurant for Sale

The Triangle, Teignmouth

Guide Price £460,000

Full Description

An opportunity to acquire a mixed commercial/residential premises of approximately 2,800 square feet (260m2) in an enviable town centre location close to Teignmouth seafront, railway station, and all amenities.

Details -

DESCRIPTION
MIXED COMMERCIAL/RESIDENTIAL PROPERTY IN PEDESTRIANISED TOWN CENTRE LOCATION

APPROXIMATELY 2800 SQUARE FEET/260M2

IN PRIME TRADING AREA AMONGST THRIVING INDEPENDENT BUSINESSES

CAFÉ/RESTAURANT/RETAIL UNIT OF 850 SQUARE FEET/80M2

FURTHER THREE-STOREY, FOUR-BEDROOM, RESIDENTIAL ACCOMMODATION OVER 1900 SQUARE FEET/180M2

EXCELLENT INVESTMENT OPPORTUNITY

An opportunity to acquire a mixed commercial/residential premises of approximately 2,800 square feet (260m2) in an enviable town centre location close to Teignmouth seafront, railway station, and all amenities.

Comprising a spacious retail unit which was recently trading as a café/restaurant, and a four-bedroom maisonette over the first, second, and third floors. The accommodation is arranged as follows:

Ground Floor

Situated in “The Triangle” which is a popular pedestrianised trading and entertainment area in the heart of Teignmouth town centre, the trading area was most recently used as a café/restaurant although some reconfiguration might be required as the commercial kitchen was situated in an adjacent premises.

The Triangle boasts an array of independent shops and cafes, and outside tables are permissible in front of the premises in the pedestrianised area. The main internal space comprises a trading area of around 530 square feet (50m2) which is fitted out with bar and till area. There is a storeroom/kitchen, gents and ladies toilets, and rear access.

Maisonette

The residential accommodation currently comprises five bedrooms, two large reception rooms with pleasant aspects across the town, a bathroom, and separate WC. The maisonette part of the building is in need of general modernisation and refurbishment throughout. It could, subject to the usual permissions, consents, and regulations, be reconfigured to create up to three self-contained apartments.

OUTGOINGS
Rates & Council Tax:

Ground Floor - Rateable Value £11,750 (April 2023). This is the rateable value for the property. It is not what you pay in business rates or rent. Please contact Teignbridge District Council to discuss what you will pay.
Residential Accommodation – Council Tax Band C

Energy Performance Certificate (EPC)
Top Floor Maisonette: G
Café/Restaurant: D

Agents Note: A small proportion of the first-floor falls within a Grade II property listing that is predominantly for the next door property. Number 5 does sit within a Conservation Area.

More Information from this agent

PDF BROCHURE

BROCHURE