73 Union Street, Torquay, Devon, TQ1 3DA

Investment Consideration:
Gross Initial Yield: 10.30%
Rental Income: £51,500 p.a.
VAT is applicable to this property
Let to The Works Stores Ltd
Recently extended lease expiring 2026
Recently refurbished in 2021 due to fire damage
Town centre location
Adjoining the Union Square Shopping Centre
Future development potential STTP
Nearby occupiers include Greggs, Game, Wilko and Superdrug

Property Description:
The property is arranged as a Ground Floor and First Floor shop let to The Works Stores Ltd. The property adjoins the Union Square Shopping Centre.

The property provides the following accommodation and dimensions:
Ground Floor: 1,796 sq ft
First Floor Front: 1,060 sq ft
First Floor Rear: 151 sq ft

Tenancy:
The shop is at present let to The Works Stores Ltd for a term of years expiring 31st March 2026 at a current rent of £51,500 per annum. The lease contains full repairing and insuring covenants.

Location:
The property is situated on the north side of the town's main retail thoroughfare, Union Street, between its junction with Market Street and the entrance to the Union Square Shopping Centre Torquay is a popular tourist location and a principal town of the English Riviera holiday area located some 25 miles south west of Exeter. The A380 Devon Expressway is 2 miles west of the town and provides access towards the M5 to the north.