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Mixed Use for sale

Torquay

£225,000

Property Description

Key features

  • Substantial Town Centre Freehold Property
  • Arranged as Licensed Five Bedroom HMO & Ground Floor Retail Shop
  • Gross Income when Fully Let 28,700 Per Annum
  • Great Investment Opportunity
  • Viewing Highly Recommended

Full description

This substantial freehold terrace property is situated in Torquay town centre. The property is currently arranged as a ground floor retail unit currently let at an annual rent of £4,000, with a five bedroom licensed HMO on the first and second floors. The property is offered for sale as a going concern investment and early viewing is highly recommended.


RETAIL UNIT  
Currently let on a 3 year lease at a rent of £4,000 per annum, lease date October 2018.

MAIN RETAIL AREA  
27' 4'' x 14' 8'' (8.34m x 4.47m)
Glazed entrance door leading to:-

OPEN PLAN RETAIL AREA 
Door to:-

REAR HALLWAY  
With under stairs cupboard.

STAFF KITCHEN/STORE ROOM (L Shaped Room) 
11' 3'' x 16' 6'' (3.43m x 5.04m)
Narrowing to 4' 8'' (1.42m) in kitchen area with fire door exit to side.

CLOAKROOM  
With WC and wash hand basin.

HMO LETTING ACCOMMODATION 
Access via separate roadside entrance door to:-

ENTRANCE HALL 
With fuse board and fire alarm board. Stairs to:-

FIRST FLOOR 

BEDROOM 5 
12' 8'' x 11' 3'' (3.86m x 3.42m)
Double room with window to side and en-suite shower room with WC and wash hand basin. Currently let at £110 per week.

HALF LANDING  

BEDROOM 3  
11' 11'' x 12' 1'' (3.64m x 3.69m)
Double room with wash hand basin. Currently let at £95 per week. Stairs to:-

SECOND FLOOR LANDING  

COMMUNAL KITCHEN  
12' 6'' x 13' 9'' (3.80m x 4.18m)
Well appointment kitchen diner with a range of matching wall and base units, two built in electric cookers with filter canopy hoods over, inset sink and window to side.

COMMUNAL SHOWER ROOM 
With shower cubicle, WC, wash hand basin and heated electric towel rail.

BEDROOM 4 
18' 8'' x 12' 9'' (5.69m x 3.88m)
Double room with window to front and wash hand basin. Currently let at £85 per week.

SEPARATE WC 
With wash hand basin.

BEDROOM 1  
12' 0'' x 9' 3'' (3.65m x 2.82m)
Double room with window to rear and wash hand basin. Currently let at £90 per week.

BEDROOM 2 
12' 11'' x 11' 2'' (3.94m x 3.41m)
Double room with window to front and wash hand basin. Currently let at £95 per week.

LANDLORDS STORE 
9' 3'' x 7' 0'' (2.83m x 2.13m)
Currently used as Landlord store room, with wash hand basin. This room could be an additional bedroom. The letting rooms are let on 6 months Assured Shorthold Tenancy Agreements and the rents are inclusive of all utilities and council tax.

RATEABLE VALUE 
For the retail premises. 2017 List: £7,000. Giving 100% Business Rate Relief for small businesses.

EPC RATING D 

COUNCIL TAX BAND B 

VIEWING  
Viewing is highly recommended and can be arranged strictly by prior appointment with the Sole Agents, Bettesworths.

More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

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