Get brand editions for Barbets Ltd, Paignton

Retail Property (high street) for sale

Torquay Road, Paignton ref:COMAE26

£269,950

Property Description

Key features

  • A FREEHOLD MIXED COMMERCIAL & RESIDENTIAL INVESTMENT PROPERTY
  • DOUBLE FRONTED RETAIL SHOP
  • STORE ROOMS/OFFICES
  • KITCHEN & CLOAKS/WC
  • 3 SELF CONTAINED FLATS comprising:
  • 1 BED FLAT, KIT/DINER, LOUNGE, BATH & SEP WC
  • 1 BED FLAT, L/DINER, KIT, BATH/WC
  • 1 BED FLAT, LOUNGE, KIT, BATH & SEP WC
  • SELF-CONTAINED WITH BALCONY ENTRANCE AT REAR
  • GENERATING 26,104 Rental Income p.a.

Full description

A FREEHOLD MIXED COMMERCIAL & RESIDENTIAL INVESTMENT PROPERTY located in centre of Preston COMPRISING: Double Fronted RETAIL SHOP with STORE ROOMS/OFFICES, KITCHEN & CLOAKS/WC and 3 SELF-CONTAINED 1 Bed FLATS GENERATING GOOD RENTAL INCOME


GROUND FLOOR - 284 TORQUAY ROAD, PRESTON PAIGNTON 
(Let to VAPOUR STATION)

MAIN RETAIL SHOP. Double fronted with central door. 
46' 2'' x 24' 3'' (14.06m x 7.39m) (Approx. 1,200 sq.ft)
Suspended ceiling, laminate flooring. Open plan to:

KITCHEN/WORKSTATION AREA 
12' 7'' x 9' 4'' (3.83m x 2.84m)

CLOAKS/WC 
with low level WC and wash hand basin.

INNER HALL/LOBBY 
with rear exit door.

OFFICE 
8' 9'' x 6' 5'' (2.66m x 1.95m)

STORE ROOM 1 
11' 0'' x 9' 10'' (3.35m x 2.99m)

STORE ROOM 2 
13' 2'' x 8' 0'' (4.01m x 2.44m)
"Stelflow" hot water cylinder with electric immersion.

FIRST FLOOR 
The self-contained flats are approached via a rear service lane with steps up to a sun terrace area with entrances to each flat.

A FREEHOLD MIXED COMMERCIAL & RESIDENTIAL INVESTMENT PROPERTY 
located in the centre of Preston, occupying a very prominent position fronting the main thoroughfare with all amenities including shops, buses and the Sea Front within level walking distance. This is an ideal opportunity to acquire this substantial and diversified property comprising a RETAIL SHOP (currently let to Vapour Station on a new 5 year Lease) PLUS 3 x ONE BEDROOM FLATS above, currently let on Assured Shorthold Tenancy Agreements to long standing Tenants, as a whole unit generating an income of £26,104.22 p.a.)

TENURE FREEHOLD 

INCOME 

RETAIL SHOP 
Currently let to Vapour Station on a new 5 year Lease at £9,500 p.a.

282a TORQUAY ROAD 
Currently let on an Assured Shorthold Tenancy Agreement at £5,820.30 per annum.

282b TORQUAY ROAD 
Currently let on an Assured Shorthold Tenancy at £5,719.92

284c TORQUAY ROAD 
Currently let on an Assured Shorthold Tenancy at £5,064,00

COUNCIL TAX BANDS: 
282a Torquay Road - Band A 282b Torquay Road - Band A 284c Torquay Road - Band A RATEABLE VALUE (RETAIL SHOP) - £12,500p.a. 2017 LIST PLEASE NOTE: This is not Rates payable. Qualifying Small Businesses will be eligible for Rates Relief.

TENURE: FREEHOLD 

VIEWING - BARBETS - Telephone 01803-526262 

AGENTS NOTE 
Also holds the freehold interest of 282 Torquay Road (Bartletts refrigeration) subject to a 999 year lease from 24th June 1992 at a peppercorn ground rent.

ENERGY RATINGS 
282a - EPC G 282b - EPC F 284C - EPC F RETAIL SHOP - EPC C

More information from this agent

Nearest stations

  • Paignton (0.8 mi)
  • Torquay (1.3 mi)
  • Torre (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Barbets Ltd, Paignton

52 Hyde Road, Paignton, TQ4 5BY

01803 367020 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 (0.8 mi)
  • Torquay (1.3 mi)
  • Torre (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Barbets Ltd, Paignton

52 Hyde Road, Paignton, TQ4 5BY

01803 367020 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.

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