2 & 2a The Plains

SITUATION
The unique and charming market town of Totnes sits above the River Dart in the heart of the South Hams. The town is one of Devon's gems, the birthplace of the Transition Town movement in England and nominated in British Airways' HighLife magazine as one of the world's top ten funky towns. Full of colour and character, its atmosphere is cosmopolitan with a West Country flavour and those looking for history, alternative therapies and beautiful countryside will find it in and around Totnes. The town is said to have more listed buildings per head of the population than anywhere else in Britain. With a twice-a-week market and full of small independent shops, it's well-known for ethical products, wholefoods and fair trade goods. It is the second oldest borough in England, with an ancient Guildhall and Church, a Norman Castle and its North and East Gates. There is a well-regarded community college and a mainline railway station and Dartmoor, the South Hams and many of its fine beaches are within easy reach.

DESCRIPTION
A 3 storey mid terrace Grade II listed period property situated in a prominent and central location fronting a wide pavement on The Plains. The property adjoins a number of other businesses and is within a short walk of The Seven Stars Hotel and Coaching Inn. The property is offered for sale as an investment subject to the lease of the current tenants trading as "The Curator" cafe and restaurant.

ACCOMMODATION
On the ground ground floor is the rear lobby, front cafe area and servery together with half landing and WC. On the first floor is the front room/cafe with period fireplace and 3 deep sash windows, decorative cornice and boarded floor with a kitchen style window to the rear and part tiled walls. On the second floor are 3 offices with period fireplaces and sash style windows. On the top floor formed within the roof space and utilised as storage space.

AMENIENTIES
The premises are within walking distance of town centre amenities.

SERVICES
Mains electricity, water and drainage are connected.

TENURE
Freehold.

LEASE
The property is offered for sale freehold subject to the residue of a 5 year lease from 28 November 2019 and expiring on 27 November 2024 to the Italian Food Heroes Ltd at a net rent of £24,700 per annum exclusive.

RATES
The premises are listed on the VOA website as having a Rateable Value of £14,500 with effect from April 1st 2023.

VAT
All figures within these terms are exclusive of VAT at the prevailing rate where applicable.

LEGAL COSTS
Each party to bear their own legal cost in this transaction

VIEWINGS
Viewing strictly by appointment with Luscombe Maye

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