Torquay
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Mixed use property for sale
Key features
- Mixed Use Retail & Residential Investment
- Popular Location of St Marychurch Road
- Retail Unit Let to an Established Tenant Trading as a Ladies & Gents Hairdressers
- Three Modern Self-Contained Apartments Fully Rented
- Rental Income of Over £33,000 Per Annum
Description
The property is located on St Marychurch Road, in the Plaimoor area of Torquay. Plainmoor is a densely 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 hair dressing salon with 3 self contained residential apartments accessed from Fourtune Way to the rear. The flats are nicely decorated with flats B & C having long standing tenants.
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).
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.
RESIDENTIAL ACCOMMODATION
All 3 flats have modern emersion heaters and modern electric wall panels.
121A ST MARYCHURCH ROAD
Stairs and inner hall leads to:- LANDING with storage cupboard. LOUNGE with front aspect. CONNECTED KITCHEN. SINGLE BEDROOM & DOUBLE BEDROOM. BATHROOM.
Currently Vacant. Will be Let at £750 per calendar month.
121B ST MARYCHURCH ROAD
Stair to first floor:- SPACIOUS LOUNGE/KITCHEN/DINNER. SHOWER ROOM, DOUBLE BEDROM.
Currently let at £650 per calendar month.
121C ST MARYCHURCH ROAD
LOUNGE/KITCHEN/DINER. DOUBLE BEDROOM with LARGE WALK IN SHOWER ROOM OFF.
Currently let at £545 per calendar month.
GENERAL INFORMATION
TENURE
The property is being sold Freehold, subject to the commercial lease and the residential Assured Shorthold Tenancies.
LEGAL COSTS
Each party are to bear their own costs incurred in any transaction.
COUNCIL TAX BAND A
EPC RATINGS
121 St Marychurch Road - C.
121A St Marychurch Road - E.
121B St Marychurch Road – Awaited.
121C St Marychurch Road – E.
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.
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 12259743. 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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