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Retail Property (high street) for sale

Market Street, Torquay

Withdrawn from Market £400,000

Property Description

Full description

Tenure: Freehold

LOCATION
Market Street lies just off the prime retail core of Torquay town centre and has all amenities close at hand including a Morrisions Local within a short distance.

DESCRIPTION
An end of terrace property just off the prime retail core which has traded as a rental unit over two floors with a self-contained flat at the upper level.

Planning Consents:
We understand that planning permission was granted on the 31st July 2008 for the formation of 13 additional residential flats (14 in total) retaining the ground floor retail unit.

We understand from our clients that the s106 grant were agreed and developed was granted and development was started with various foundation opportunities undertaken. Full details are available from the agents or via Torbay Planning Website: Application No. P2008/0124/MPA

ACCOMMODATION
At present the premises comprises:

GF Retail Shop 212.60m2 ( 2288.40 ) sq ft
First Floor Store 138.40m2 ( 1489.72 ) sq ft

Second Floor
Self-contained flat currently let on an AST
Additional income is provided by an advertising hoarding to the flank wall.

OUTGOINGS
Rates - RV £17,750

Council Tax:- Band A

VAT
All figures quoted are exclusive of VAT whether chargeable or not. Interested parties are recommended to establish VAT implications before entering into any agreement.

LEGAL COSTS
Each party to be responsible for thier own legals cost incurred.

VIEWING
Viewing by appointment only please WAYCOTTS COMMERCIAL 01803 403060


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