Commercial Property for sale

Paignton

£75,000

Property Description

Key features

  • Town Centre Commercial Investment For Sale
  • Currently Arranged As 2 Shops Rented Under One Lease at 6,500 Per Annum
  • Great Opportunity for a SIPP Investment
  • Yield 8.67%
  • Viewing Highly Recommended

Full description

The property offers a great opportunity for a Town Centre freehold commercial investment. The double fronted property is currently arranged as 2 retail shops rented to the same tenant under one lease.


66 PALACE AVENUE 

LANE  
Currently operating as a gentleman's barbers

64 PALACE AVENUE 

RETAIL AREA 
12' 5'' x 14' 4'' (3.79m x 4.37m)
Door to:-

STORE ROOM  
(Not measured) Stairs to

BASEMENT 

RECORDING STUDIO 
13' 6'' x 19' 5'' (4.11m x 5.91m)

SMALL BASEMENT STORE ROOM 
(Not measured) Currently operating as a music store and recording studio.

TENURE 
The property is available as a freehold commercial investment subject to lease. The property is currently let on a 10-year fully repairing and insuring lease from February 2016 at a rent of £6,500 Per Annum. There are 3-yearly rent reviews and the tenant has a break clause at 5th anniversary.

VIEWING 
Viewing is highly recommended but strictly by prior appointment via the sole agents, Bettesworths.

More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Paignton (0.2 mi)
  • Torquay (2.2 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 (2.2 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 8236964. 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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