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For Sale by Auction on 12th December 2024, Freehold Former Bank Premises, Bedford House, Duke Street / Bedford Square, Tavistock, PL19 0AQ

4,457 Sq Ft / Retail / General Retail

For Sale

Available - Last updated: 14 November 2024

For Sale by Auction on 12th December 2024

The property comprises a mid-terrace, three storey building arranged over ground, first and second floors. It was formerly used as a bank with retail accommodation, offices and bank vaults on ground floor, along with offices and storage accommodation on the upper floors accessed via an internal staircase. The property totals about 414.07 sq m (4,457sq ft). There is an external metal staircase to the side of the property which offers a secondary route of access via Drake Road.

Registrations to bid must be completed at least 1 day before the day of the auction and must be completed in the name that you intend to purchase in, as contracts cannot be changed after the auction sale

Location

Tavistock is a market town in west Devon, situated on the River Tavy. It has a population of approximately 12,975 (2021) and is the only Devonshire town to hold a world heritage status. The main retail pitch for Tavistock is along Duke Street with occupiers including Boots, Mountain Warehouse, Costa, Co-op Food and Superdrug. The Pannier Market can also be accessed via Duke Street, an indoor market hosting local traders and a popular destination for tourists. The property is situated on Bedford Square on the roundabout that connects West Street, Duke Street and Drake Road. The building occupies a very prominent position, with entrances to the Pannier Market broadly opposite.

The premises is located within the Tavistock Conservation Area.

Accommodation

Ground floor sales - 171.31 sq m (1,884 sq ft)

First floor office ancillary - 149.20 sq m (1,606 sq ft)

Second floor stores - 93.55 sq m (1,007 sq ft)

Total - 414.06 sq m (4,457 sq ft)

Terms

Tenure - Freehold

Guide Price - £250,000-£275,000; Bidder Security £3,500 *fully refundable if unsuccessful bidder

Planning - West Devon Borough Council (01822 813600) www.westdevon.gov.uk

Specification

  • This sale is conditional and is subject to confirmation by the seller, who will accept or decline the highest bid no longer than five working days from the bidding closing time 
  • By order of National Westminster Group
  • Freehold former bank premises totalling approximately 414.07 sq m (4,457sq ft)
  • Located in the heart of Tavistock, in close proximity to the renowned Pannier Market
  • Opportunity for redevelopment of the upper floors, subject to obtaining the necessary consents
  • Of interest to developers/owner occupiers and investors
  • Vacant possession

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Guide Price - £250,000-£275,000 For Sale Freehold NA NA

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Contact agents

Agency Team

BidX1 Commercial

020 3151 9502

Mat Harris

BidX1 Commercial

020 3151 9489

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