Torquay
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- SECTOR
Mixed use property for sale
Key features
- Mixed Use Retail & Residential Investment
- Much Sought After, Busy Roadside Location - Directly Opposite Lidl Supermarket
- Generous Size Two Bedroom Apartment - Letting at £750 PM
- Retail Unit Let to an Established Tenant Trading as a Ladies & Gents Hairdressers
- Current Rental Income £19,200 Per Annum - With Scope for Rental Growth
Description
The property is located on St Marychurch Road, in the Plaimoor area of Torquay. Plainmoor is a densley populated residential area and the shops, cafes, takeaways and other businesses of St Marychurch Road provide a wide range of amenities to the surrounding population.
St Marychurch Road is also a main thoroughfare road linking Torquay town centre with Babbacombe, St Marychurch and Watcombe areas of Torquay.
Nearby occupiers include pubs, several takeaways, convenience store, pharmacy and other independent retailers. The property is situated directly opposite the very busy Lidl Supermarket.
The property is a mid terrace, mixed use property. The ground floor comprises a retail shop arranged as a salon. The residential accommodation over (access from the rear) is independent and comprises a large two bedroom flat, accessed from Fourtune Way to the rear.
RETAIL UNIT
SHOP FRONTAGE
19' 0'' x 29' 10'' (5.8m x max depth 9.1m)
With KITCHENETTE & WC.
NET INTERNAL AREA
Approximately 55m2 (592 sq ft).
121a ST MARYCHURCH ROAD
Access from Fourtune Way at the rear.
Stairs and inner hall leads to:-
LANDING
With storage cupboard.
LOUNGE
12' 9'' x 14' 11'' (3.89m x 4.55m)
CONNECTED KITCHEN
12' 1'' x 5' 0'' (3.68m x 1.53m)
BEDROOM 1
12' 3'' x 5' 10'' (3.73m x 1.78m)
BEDROOM 2
11' 9'' x 9' 2'' (3.58m x 2.80m)
BATHROOM
With bath and shower over, WC and wash hand basin.
TENURE
The property is being sold Freehold, subject to the commercial lease and the residential Assured Shorthold Tenancy.
COMMERCIAL LEASE
The retail unit is Let on a commercial Lease for a term of 6 years from 2023.
The passing rent is £10,200 per annum.
SERVICE CHARGE
£450 per annum.
BUILDINGS INSURANCE
40% of total premium.
121A ST MARYCHURCH ROAD
Will be occupied under an Assured Shorthold Tenancy at £750 per calendar month.
UTILITIES
The property is connected to electricity, water and mains drainage.
LEGAL COSTS
Each party are to bear their own costs incurred in any transaction.
VIEWING
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.
All interested parties are politely requested to respect the tenants' quiet enjoyment of the property.
EPC RATINGS
121 St Marychurch Road - C.
121A St Marychurch Road - E.
Energy Performance Certificates
Energy Performance CertificateBrochures
Torquay
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Torre Station0.9 miles
- Torquay Station1.3 miles
- Paignton Station3.4 miles
Notes
Disclaimer - Property reference 11488686. 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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