Torquay
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Commercial Investment with Residential Development Potential
- Ground Floor Lock Up Shop with Separate Self-Contained Vacant Upper Parts (Potential to Create Residential)
- Shop Let at £12,000 Per Annum (Established Tenant)
- Popular Trading & Investment Location, Close to Torquay Harbourside
- A Rare Opportunity to Buy on Torwood Street
Description
Situated on Torwood Street, the property is well located to benefit from good footfall generated by Torquay town centre and harbourside. Torwood Street has a reputation for a variety of independent, retail, office and catering businesses. Nearby occupiers on Torwood Street include a Co-op, pharmacy, beauty salons and a variety of quality and independent restaurants. The Hilton and Premier Inn Hotels adjacent provide circa 250 guest bedrooms combined.The property is a two storey, road fronted unit arranged as a let lock up retail shop at ground floor level, fronting Torwood Street and unconverted upper parts, accessed from The Terrace at the rear at first floor level. This investment opportunity presents a secure ongoing income from a reliable, established tenant as well as development and value add scope (subject to consents) from the first floor. This has had previous historic planning consents.
RETAIL AREA
14' 10'' x 25' 3'' (4.53m x 7.69m)
STORE
13' 4'' x 13' 1'' (4.06m x 3.99m)
STORE
18' 5'' x 8' 7'' (5.61m x 2.61m)
WC
VACANT FIRST FLOOR ACCOMMODATION
ROOM 1
9' 10'' x 18' 4'' (3m x 5.6m)
WC
With wash hand basin.
ROOM 2
6' 2'' x 18' 6'' (1.87m x 5.63m)
Plus
20' 1'' x 7' 7'' (6.11m x 2.3m)
FRONT ROOM
19' 7'' x 16' 5'' (5.98m x 5m)
With bay window.
OUTSIDE
To the rear of the property is an area of undeveloped land fronting onto The Terrace at higher level.
The property has sites of access from The Terrace to the entrance of both the upper parts and the rear of the let commercial unit.
TENURE
The property is for sale freehold, subject to the occupational commercial lease and with Vacant Possession of the upper parts.
The Ground Floor is let on a 3 year commercial tenancy, expiring in August 2026.
The tenant is Adam Patridge South West Ltd, with Personal Guarantee.
The rent is £12,000 per annum.
LEGAL COSTS
Each party are to bear their own costs incurred in any transaction.
EPC RATING C
VIEWING
Viewing is recommended and can be arranged by prior appointment with the Sole Agents, Bettesworths.
Interested parties are requested to be respectful of the tenants ongoing business and not disturb unannounced.
Energy Performance Certificates
Energy Performance CertificateBrochures
Torquay
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Torquay Station0.9 miles
- Torre Station1.3 miles
- Paignton Station2.6 miles
Notes
Disclaimer - Property reference 6650162. 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, Devon. 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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