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Commercial Property for sale



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: 

Fronting Palace Avenue to:-

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.

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

With low level WC and wash hand basin.

With door to:-

And stair case down to:-


999 year lease from 29.9.1988.

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.

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

Strictly by prior appointment with Bettesworths.


More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

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