Retail/Shop to let Teignmouth TQ14 0AQ,5663sq ft

1/4

Retail/Shop

Retail/Shop To Let Teignmouth

PROPERTY ID: 144364

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

5,663 sq.ft

Key Features

Charming village inn

New 20 year free of tie lease available

Rent guide £25,000 per annum on full repairing and insuring terms

Suit a couple with food experience

2 minutes walk to the Teign estuary

Public bar and break out dining areas

Smart enclosed beer garden

2/3 bedroom accommodation

Property Details

The Shipwrights Arms Is A Small But Charming Public House Situated Within Ringmore, Shaldon. The Village Is On Southern Banks Of The River Teign And The Venue Will Attract Customers From The Immediate Vicinity And Those That Use The Nearby Waterside Parks And Visit The Area. Set Out Over Three Floors With Ground Floor Trade Areas And An Enclosed Beer Garden. The Kitchen Is At First Floor With A Possible Flatlet And Further Accommodation On The Floor Above. The Venue Is Ideally Suited To A Working Couple With Occasional Staff As The Business Grows. It Has A Charm And Appeal For Anyone Looking For A Live/work Opportunity In A Sought After Estuary Location. Please Note That The Is No Trade Inventory And Applications Will Need To Factor Refurbishment Into Their Business Plan.

Location

Shaldon And Ringmore Are Situated On The South Banks Of The Teign Estuary And Are Well-regarded With An Active Community And Popular Year-round Destination With Locals And Tourists Alike. The Shipwrights Is The Only Public House In Ringmore Itself, Situated Within A Nominated Conservation Area On Verbena Terrace With Its Own Access Onto The Estuary Pathway.

Accommodation

All Areas Are Approximate And Measured In Accordance With The Rics Property Measurement (2nd Edition) On A Net / Gross Internal Basis.

The Shipwright's Is Approached From Ringmore Road Via A Pedestrian Path On Verbena Terrace And Another Path From The Estuary And Playing Fields.

Main Entrance With Lobby Having Access To Ladies And Gents Wcs. Inner Hallway Leading To Public Bar, Snug Bar And Dining Room. Public Bar (7.6m X 3.7m) Having Wooden Bar Servery, Feature Fireplace And Space For 16 Covers, Being Open Plan With Steps Up To Dining Area (4.5m X 3.8m) With Bow Window Looking Out Over The Beer Garden With Estuary Views. Space For 16 Covers And Access Door To Beer Garden. Snug Bar (4.2m X 3.8m) With Return Bar Servery And Stripped Wooden Flooring, Part Exposed Stone Walling And Feature Fireplace. Dining Room (4.3m X 3.5m) Having Stripped Wood Flooring, Part Exposed Stone Walling, Feature Fireplace And Space For 16 Covers.

First Floor Landing With Access To Commercial Kitchen (4.1m X 3.8m) Having Extraction (not Tested), Stainless Steel Shelving And Pvcu Wall Covering. Washroom (3.8m X 3.5m) With Wall Mounted Gas Fired Boiler (not Tested). Potential Flatlet With Reception Room (2.3m X 2.2m) With Access To Small External Terrace, Shower Room And Wc And Bedroom (3.6m X 3.1m).

The Second Floor Landing Gives Access To Bedroom (3.7m X 3.3m Into Dormer) With Estuary Views. Bedroom (3.7m X 3.2m Into Dormer). Bathroom.

To The Side Of The Shipwrights There Is An Attractive And Enclosed Beer Garden Laid To Patio Which Has Been Partly Covered To Provide Space For 40 Covers. Timber Store. Access To Basement Level Beer Cellar (internal Access Hatch Behind Main Bar). 4 Parking Spaces.

Planning

Sui Generis For Pub Use Only.

Rent / Price

The Premises Will Be Offered On A New Free Of Tie Lease From The Wellington Pub Company For A Term Of 20 Years With Rpi Linked Annual Rent Reviews, Collar And Capped At 2.5% And 5% Respectively. Open Market Rent Review Every Five Years, Full Repairing And Insuring Covenants And At A Rent To Be Agreed With The Landlords. Rent £25,000 Per Annum.

Required Capital
Applicants Must Be Able To Demonstrate Sufficient Funds To Invest Further In This Opportunity Plus Funds To Cover Inventory, Stock And Glassware At Valuation, Pay One Quarter's Rent And Insurance And Also Cover Legal Fees, Stamp Duty And Working Capital. A Deposit Will Be Required Equivalent To 6 Months' Rent Plus An Amount Equivalent To Vat.

Application Procedure
Applicants Are Requested To Complete A Standard Criterion Asset Management Application Form And Provide A Business Plan, Two Forms Of Id, With Current Address, Cash Flow Forecast And Proof Of Funding Prior To Interview. If The Applicants Wish To Take The Lease In A Company Name Two Personal Guarantors Will Be Required.

Additional Information
All Prices Quoted And Offers Made Shall Be Deemed To Be Exclusive Of Vat And Vat Will Be Added Where Applicable. In Most Cases Vat Is Reclaimable. Prospective Lessees Should Consult Their Accountant For Professional Advice In This Respect.

Money Laundering
The Money Laundering Regulations Require Us To Conduct Checks Upon All Purchasers (including Tenants). Prospective Purchaser(s) Will Need To Provide Proof Of Identity And Residence. For A Company Any Person Owning More Than 25% Must Provide The Same.

Business Rates

From The Valuation Office Agency Website (www.voa.gov.uk) We Understand That The Current Rateable Value Is £8,200, Which Would Qualify For 100% Relief Depending On The The Operators Circumstances. Not Currently Listed For Council Tax.

Interested Parties Are Advised To Confirm The Rating Liability With Teignbridge Council.

Services

We Understand That Mains Electricity, Water And Drainage Are Connected To The Property However These Services Have Not Been Tested By The Agents. Interested Parties Should Make Their Own Enquiries.

Epc

C

Legal Fees

Each Party To Be Responsible For Their Own Legal Fees In Relation To This Transaction.

Vat

All Figures Quoted Are Exclusive Of Vat If Applicable.

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About the Agent

Vickery Holman

See Agent's Other Properties

Retail Unit

£25,000 / pa
£2,083 / month

The Shipwrights Arms,Ringmore Road, Teignmouth, TQ14 0AQ

Retail/Shop - Available
5,663 sq ft
526 sqm

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Retail/Shop To Let Teignmouth

PROPERTY ID: 144364

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

5,663 sq.ft

Key Features

Property Details

About the Agent

Vickery Holman

Retail Unit

£25,000 / pa£2,083 / month

The Shipwrights Arms,Ringmore Road, Teignmouth, TQ14 0AQ

Retail/Shop - Available 5,663 sq ft526 sqm

Enquiry Form

Save this property- Feature coming soon