Commercial Property for sale

Paignton

£110,000

Property Description

Key features

  • Ground Floor Lock Up Shop Premises
  • Excellent Town Centre Position
  • Let to Newsagent T/A Palace News on a 6 Year Lease
  • Rental Income 12,000 Per Annum
  • Bettesworths are in Receipt of an Offer of 103,000- Please Contact Bettesworths on 01803 212021 Before Exchange of Contracts.

Full description

The ground floor lock up shop premises is situated in a good town centre location, at the lower part of Palace Avenue close to its junction with Torquay Road. The property offers ground floor accommodation with additional lower ground floor storage area. The premises has traded as Palace News since 2010 and is currently let on a six year lease from September 2016, at a rent of £12,000 per annum. This property investment offers buy to let investors an opportunity to obtain a going concern commercial investment, producing good rental returns.Bettesworths are in receipt of an offer of £103,000- Please contact Bettesworths on 01803 21 20 21 before exchange of contracts.


Briefly the accommodation comprises: 

GLAZED SHOP FRONT  
Fronting Palace Avenue to:-

MAIN RETAILING AREA  
21' 8'' x 18' 8'' (6.6m x 5.7m)
Trading as a Newsagents and also selling greeting cards, hot and cold drinks, stationary and essential groceries.

STAFF AREA  
11' 2'' x 10' 3'' (3.4m x 3.12m)
Single drainer, stainless steel sink unit, kitchen style cabinet.

CLOAKROOM  
With low level WC and wash hand basin.

REAR HALLWAY  
With door to:-

REAR  
And stair case down to:-

LOWER GROUND FLOOR STORAGE AREA 

TENURE  
999 year lease from 29.9.1988.

OCCUPATIONAL LEASE 
We are informed that the premises has been trading as Palace News since 2010. The current lease for a period of 6 years from 21st September 2016, at a rent of £12,000 per annum.

TERMS 
Offers invited for the premises as an investment subject to the occupational lease are invited. For further details and information contact Bettesworths.

VIEWING  
Strictly by prior appointment with Bettesworths.

EPC RATING D 

More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Paignton (0.2 mi)
  • Torquay (2.1 mi)
  • Torre (2.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bettesworths, Torquay

29 - 30 Fleet Street, Torquay, TQ1 1BB

01803 367002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Paignton (0.2 mi)
  • Torquay (2.1 mi)
  • Torre (2.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bettesworths, Torquay

29 - 30 Fleet Street, Torquay, TQ1 1BB

01803 367002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 7067114. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bettesworths, Torquay. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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