Investment Opportunity with Consol Tanning Lease and Flats in Newton Abbot
Newton Abbot, Devon
- Status
FOR SALE
- Advert ID
618334
- Reference
CD-90275 / Rightbiz
- Call Agent:
- Freehold: £195,000
- Asking Price: £195,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Auction Lot: Consol Tanning Investment, Newton Abbot For Sale in Newton Abbot
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 per annum. (rising to £200 per annum. 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
• Our Reference: CD-90275
• To be sold by public auction 24/10/2024
• Reserve not higher than £195,000
• Town centre freehold building
• Ground floor commercial premises (1173 sq ft, source EPC),
• Let to Consol Tanning producing £20,000pa
• Upper parts comprise 4 x self-contained flats (sold off)
• Producing combined ground rent of £400 pa.
• FH Price: £195,000 Guide Price
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
