Auction Lot: Consol Tanning Investment, Newton Abbot
- £195,000
Overview
- Auction Room Businesses, Business, Commercial Properties, Investment Properties, Other Commercial Properties
Description
The ground floor is let to Consul Tanning Ltd (operating 50+ sites across the UK) for 10 years from 07/09/2018. A tenant-only break clause at 5 years was not exercised and a rent review from 2023 was not actioned. The flats are held on leases for 125 years from 01/05/2022, each producing £100 pa (rising to £200 pa 01/05/2027). We refer bidders to the copy S5B Notices served on the lessees who have not taken up their rights.
The 3D tour can be viewed here: https://my.matterport.com/show/?ref=em&m=GbkWa4urCCS
Details
Updated on February 16, 2025 at 7:48 pm-
Price £195,000
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Property Type Auction Room Businesses, Business, Commercial Properties, Investment Properties, Other Commercial Properties
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Property Status For Sale
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Tagline Auction Room Businesses, Investment Properties, Other Commercial Properties
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