Duke Street
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Duke Street
2 Properties Offered at £650,000 in Tavistock
INVESTMENT HIGHLIGHTS
- Prime Retail Location
- Four units with upper floors
EXECUTIVE SUMMARY
The premises RUSSELL HOUSE, 3 & 3A DUKE STREET + 1 & 3 PEPPER STREET are offered Freehold subject to the occupational leases on the attached schedule.
The premises comprise an end of terrace traditionally constructed building over three floors (plus roof space). The ground floor has four
units of differing sizes (see tenancy schedule) with the upper floors comprising four flats, all sold on long leases.
The building has undergone a complete external redecoration in August 2024 (previously carried out in 2017). Landlord costs are fully
recovered.
This opportunity represents an excellent opportunity to acquire a prime investment in the heart of the popular and affluent town of
Tavistock in West Devon. Both Duke Street tenants did not exercise their break clauses and the Pepper Street tenants are lease
renewals, highlighting this popular trading location.
The premises comprise an end of terrace traditionally constructed building over three floors (plus roof space). The ground floor has four
units of differing sizes (see tenancy schedule) with the upper floors comprising four flats, all sold on long leases.
The building has undergone a complete external redecoration in August 2024 (previously carried out in 2017). Landlord costs are fully
recovered.
This opportunity represents an excellent opportunity to acquire a prime investment in the heart of the popular and affluent town of
Tavistock in West Devon. Both Duke Street tenants did not exercise their break clauses and the Pepper Street tenants are lease
renewals, highlighting this popular trading location.
PROPERTY FACTS
| Price | £650,000 | Number of Properties | 2 |
| Price / SF | £449.52 / SF | Individually For Sale | 0 |
| Net Initial Yield | 7.75% | Total Building Size | 1,446 SF |
| Sale Type | Investment | Tenure | Freehold |
| Status | Active |
| Price | £650,000 |
| Price / SF | £449.52 / SF |
| Net Initial Yield | 7.75% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 1,446 SF |
| Tenure | Freehold |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2-3A Duke St, Ground - Unit 3-3A, Tavistock PL19 0BA | Retail Unit | 1,124 SF | 1910 | - |
| 1-3 Pepper St, Tavistock PL19 0BD | Retail | 322 SF | - | - |
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Duke Street
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