Let to Bestway National Chemists Ltd (part of the Bestway Group, with a group turnover in excess of £4.5 billion pa) on a 5 year FRI lease from 31/03/2023, with an upward only rent review in March 2026. Planning was granted in 2004 Ref: South Hams Council 28/2064/03/F for demolition of the existing building and replacement with 3 x retail units and 4 x flats. This is a part completed scheme leaving the potential option to add a 1 bed and 2 bed flat above the shop.
Kingsbridge is nestled in the heart of the South Hams in South Devon. This vibrant market town boasts a variety of amenities including shops, eateries, supermarkets, a cinema, and a leisure centre with indoor swimming. Residents enjoy access to sports and fitness facilities, medical services, a community hospital, libraries, and places of worship. Education is well-served with a primary school and community college. Nearby, the estuary offers boat moorings, quays, and slipways while sandy beaches and scenic coastal walks abound. Kingsbridge is within proximity to renowned sailing destinations like Dartmouth and Salcombe.
• Our Ref: CD-90635
• To be sold by Public Auction 2/5/24
• Commercial property investment
• Town centre Pharmacy
• Let to Bestway National Chemists Ltd
• GIA 1,453 sq ft, source EPC
• Annual rental income £17,750pa
• Development potential
• EPC Rating D
• FH Price: £180,000 Guide Price
