Paignton
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Ground Floor Retail Unit Investment Opportunity
- A Strong Return Commercial Unit Investment – Gross Yield 10.8%
- Retail Rent £5,500 Per Annum – On a 6-Year FRI Lease from August 2025
- Net Internal Area Approx: 35m2 (379 sq ft)
- Trading as a Pizza & Burger Takeaway on Primary Road into Paignton
Description
Situated in a parade of independent traders including retailers, service providers and takeaways. The unit is highly visible from the road, a main route between Torquay and Paignton. Paignton Town Centre and Preston are both approximately a quarter of a mile in each direction. The property comprises a ground floor commercial unit, featuring a fully equipped commercial kitchen, a dedicated food preparation area, and a staff toilet.This investment opportunity offers a steady income stream from a recently refurbished pizza and burger takeaway. The tenant has over 15 years of trading experience, adding further security and reliability to the tenancy.
NET FRONTAGE
15' 1'' (4.6m)
RETAIL AREA
16' 1'' x 15' 9'' (4.9m x 4.8m)
22m2 (236 sq ft) (max)
Leading to:-
STORE
15' 1'' x 9' 6'' (4.6m x 2.9m)
13.3m2 (143 sq ft)
WC
TENURE
The property is for sale Freehold, subject to the occupational commercial lease.
The Ground Floor is let on a 6-year Full Repairing and Insuring Commercial lease, expiring in August 2031.
With an option to Break on the 3rd anniversary, August 2028.
The tenant is a Sole Trader with a Personal Guarantee.
The Rent is £5,500 Per Annum with a 3rd Year anniversary Rent Review, August 2028.
BUSINESS RATES
2023 List: £3,250.
Please note this is not Rates Payable. Interested parties are advised to contact the Local Billing Authority, Torbay Council.
EPC RATING C
VIEWING
Viewing is highly recommended and can be arranged by prior appointment with the Sole Agents, Bettesworths.
Energy Performance Certificates
Energy Performance CertificateBrochures
Paignton
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Paignton Station0.4 miles
- Torquay Station1.8 miles
- Torre Station2.4 miles
Notes
Disclaimer - Property reference 12406709. 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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