Retail/Shop To Let, Topsham

Topsham is a small town on the edge of the city of Exeter and overlooking the River Exe estuary. It has a resident population of circa 5,000 and is situated about 4 miles from Exeter served by a regular bus and train service.

The town is both an affluent residential area and a popular visitor destination with a range of independent retailers, pubs, restaurants and a museum.

The property is located on The Quay in the town centre, which is a focal point for visitors to the town, with a pay-&-display car park, an antiques emporium and several dining and drinking options as well as views along the estuary.

Restaurant Unit In Town Centre Waterside Location

Large Terrace For External Dining

Car Park Adjacent

Available By Way Of Lease Assignment

Ground Floor: 2,177 Sq Ft (202.2 Sq M) - Dining, Kitchen, Stores, W/c's
First Floor: 145 Sq Ft (13.5 Sq M) - Office

Topsham Is A Small Town On The Edge Of The City Of Exeter And Overlooking The River Exe Estuary. It Has A Resident Population Of Circa 5,000 And Is Situated About 4 Miles From Exeter Served By A Regular Bus And Train Service.

The Town Is Both An Affluent Residential Area And A Popular Visitor Destination With A Range Of Independent Retailers, Pubs, Restaurants And A Museum.

The Property Is Located On The Quay In The Town Centre, Which Is A Focal Point For Visitors To The Town, With A Pay-&-display Car Park, An Antiques Emporium And Several Dining And Drinking Options As Well As Views Along The Estuary.

A Former Maritime Warehouse Building, Which Has Been Converted To A Restaurant On Two Sides Of A Terrace Which Provides Outdoor Seating.

The Accommodation Is All On Ground Floor, Apart From A Manager's Office On First Floor, And Is Currently Laid Out As An Open-plan Dining Area With Bar, Commercial Kitchen And Cellars/stores, And Wcs (4 Cubicles).

The Dining Areas Have Two Sets Of Bi-fold Doors Leading Onto The Terrace, Plus Glazed Entrance Door, And The Interiors Are Partially Fitted Out Including Tiled Floor.

The Commercial Kitchen Has Been Stripped But Provides Mains Gas, Water And Drainage And Ventilation.

Proposal
The Property Is Offered By Way Of Assignment Of The Current Lease, Which Is For A Term To 7th July 2047, With Tenant-only Break Option On 8th July 2032. The Passing Rent Is £30,000 Per Annum, Subject To Review On 18th October 2026 And 5-yearly Thereafter.

The Lease Contains An Option To Renew At The End Of The Term Until 7th July 2072

Vat Is Not Applicable To The Rent.

Each Party To Bear Their Own Legal Costs In The Transaction.

Assessed In Band B (50). A Copy Of The Certificate Is Available On Request.