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Commercial Property for sale

Torquay

£82,000

Property Description

Key features

  • Freehold Commercial Investment for Sale
  • Currently Let on a 3 Year Lease
  • Retail Area Approx: 68m2 (732 sq ft)
  • Step Rent: 6,500 Year 1, 7,000 Year 2, 7,500 Year 3
  • Viewing Highly Recommended

Full description

The shop is located in the Castle Circus area of Torquay, next to busy Post Office and convenience store. Castle Circus is situated at the top of Union Street very close to Torquay's prime retail area. Close by are the various offices of Torbay Council, the Town Hall and a variety of quality independent and multiple retailers.

The unit comprises a large Ground Floor lock up shop in good order with tenant in situ. The property presents a good opportunity to acquire a quality shop very close to the heart of the town centre, let in a highly visible business location.


ACCOMMODATION 

MAIN RETAIL AREA 
14' 6'' x 28' 3'' (4.42m x 8.6m)

TOP RETAIL AREA 
17' 6'' x 15' 4'' (5.34m x 4.67m)
(Two steps from retail area)

ADDITIONAL AREA 
6' 10'' x 8' 6'' (2.08m x 2.59m)
(Incorporating coat store)

STORAGE AREA 
6' 6'' x 12' 4'' (1.97m x 3.77m)

KITCHEN  
7' 5'' x 7' 8'' (2.25m x 2.33m)
With worktop, fridge, sink/drainer and hot water cylinder.

WC 

BUSINESS RATES 
The property is assessed for Business Rates as follows: 2017 List: £8,900

VIEWING 
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.

TENURE 
The property is let on a 3-year lease from October 2017. A step rent starting at £6,500 Year 1, £7,000 Year 2, £7,500 Year 3.

EPC RATING D 

More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

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