Shop for sale

Tor Hill Road, Torquay, Devon, TQ2

Guide Price £65,000

Property Description

Key features

  • PROMINENT VACANT FREEHOLD SHOP PREMISES
  • CIRCA 365 SQ FT OF RETAIL SPACE ON GROUND FLOOR
  • REAR STORAGE AREA & UNISEX CLOAKROOM
  • LARGE DISPLAY FRONTAGE WITH SECURITY SHUTTER
  • INCLUDES FREEHOLD OF TWO RESIDENTIAL FLATS ABOVE
  • PRODUCES 200 PER ANNUM IN GROUND RENTS
  • IDEAL FOR OWNER/OCCUPIER OR INVESTOR
  • GOOD INVESTMENT OPPORTUNITY WITH MINIMUM GROSS YIELD OF CIRCA 10.67%

Full description

Tenure: Freehold

An opportunity to acquire prominent vacant freehold shop premises along with the freehold interest of two residential flats above which produce a ground rent of £200 per annum. The shop currently has RETAIL and/or OFFICE use and is located almost opposite Torquay town hall and enjoys significant passing trade by both foot and transport. The two flats above are in the process of being sold on long leases and will produce yearly ground rent payments. This premises would suit an owner occupier looking for a highly visible retail outlet, however if investment is your bag, we would be happy to let this shop for any intending purchaser and would expect to achieve an annual rent in the region of £8,000 to £10,000 per annum which would give a comfortable return on investment with a minimum gross yield of 10.67%.


Nearest stations

  • Torquay (0.7 mi)
  • Torre (0.7 mi)
  • Paignton (2.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Haarer & Motts, Torquay

165 St. Marychurch Road, Torquay, Devon, TQ1 3HP

01803 367092 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

  • Torquay (0.7 mi)
  • Torre (0.7 mi)
  • Paignton (2.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Haarer & Motts, Torquay

165 St. Marychurch Road, Torquay, Devon, TQ1 3HP

01803 367092 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 17444071. 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 Haarer & Motts, 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.