The premises RUSSELL HOUSE, 3 & 3A DUKE STREET + 1 & 3 PEPPER STREET are offered Freehold subject to the occupational leases on the attached schedule. Price £625,000 reflecting an initial gross yield of over 8% .
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.
Building Photo
Building Photo
