High Street (SHOP), Crediton £60,000

A newly refurbished, freehold commercial bar spanning 1653 square feet is now on the market. Currently, it is occupied by a tenant under a contract with 2 years remaining, paying an annual rent of £6792. The tenant holds an option to extend the lease for an additional 5 years at the same rate or to purchase the property with a long lease for £75,000. In the event of the current tenant vacating, it is estimated that the rental income could potentially increase to £12,000 to £15,000 per annum.

Agents Notes
These particulars are not an offer or contract, nor part of one. You should not rely on statements by Francis Louis in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property condition or its value. Neither Francis Louis nor any joint agent has any authority to make any representations about the property and accordingly any information given is entirely without responsibility on the part of the agents, sellor(s) or lessor(s) Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. VAT: the vat position relating to the property may change without notice.