Torquay
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Mixed use property for sale
Key features
- Mixed Use Investment in Torquay Town Centre
- Prime Commercial Pitch on Torquay's Main High Street
- Retail Let to a Noodle Bar on a 7 Year Lease at £17,000 Per Annum
- Spacious 3-Bedroom Flat – Let at £675pcm
- Gross Rental Income of £25,100 Per Annum
Description
Located in Torquay Town Centre, the property is situated at the southern end of the pedestrianised Fleet Street. Directly opposite the unit is the popular Fleet Walk Shopping Centre which has attracted a variety of national and independent retailers, including Salt Rock, TK Maxx, Trespass, KFC, Poundland, Sports Direct and Deichmann Shoes. Fleet Streets proximity to Torquay’s harbourside makes it a high footfall area with many locals and tourists walking past the property all year round.
A mixed use investment, comprising a ground floor catering unit and a smart 3-bedroom flat.
The ground and first floor are let to a Noodle Bar operator on a 7-year lease from 10th June 2024 at a rent of £17,000 per annum.
The residential accommodation (Printers Level) is accessed via the rear of the property on Braddons Hill Road West. The flat is a spacious 3-bedroom property, with a private patio courtyard. The flat is currently let to a tenant on an Assured Shorthold Tenancy at a rent of £675pcm.
RETAIL UNIT
GROUND FLOOR AREA
71m² (764 sq ft)
Stairs lead to:-
FIRST FLOOR
STOCK ROOM
18' 3'' x 11' 7'' (5.55m x 3.53m)
STOCK ROOM/OFFICE
22' 1'' x 12' 8'' (6.72m x 3.86m)
CUSTOMER WCS
RESIDENTIAL ACCOMODATION
Accessed via Braddons Hill Road West.
PATIO COURTYARD
A private, walled and gated entrance courtyard.
HALLWAY
With doors leading to:-
LOUNGE
17' 0'' x 12' 3'' (5.18m x 3.74m)
KITCHEN
8' 10'' x 6' 1'' (2.69m x 1.86m)
BEDROOM
11' 7'' x 5' 7'' (3.52m x 1.71m)
BEDROOM
15' 1'' x 10' 9'' (4.59m x 3.28m)
BEDROOM
12' 5'' x 8' 4'' (3.79m x 2.54m)
BATHROOM
12' 1'' x 4' 11'' (3.68m x 1.50m)
UTILITIES
The flat benefits from gas central heating and individual electric and water meters. The commercial unit is metered for electric and water.
TENURE
The freehold of the property is offered for sale, subject to the commercial lease and the assured shorthold tenancy.
The Crystal shop (15 Fleet Street) is held by a separate owner on a freehold title. We understand this is to create a flying freehold.
LEASE
The commercial unit is currently let to a private individual trading as a Noodle Bar. Let on a 7-year lease from 10th June 2024 at a rent of £17,000 per annum. The tenant has an option to break on the 10th June 2028.
The flat is let to a tenant on an Assured Shorthold Tenancy for the last 4 years, with a passing rent of £675pcm.
BUSINESS RATES
2023 List: £12,750.
The commercial tenant is responsible for any business rates payable on their demise. Eligible business are able to claim Small Business Rates Relief on this premises.
COUNCIL TAX BAND
Residential accommodation - B.
EPC RATINGS
Commercial Unit – B.
Residential Accommodation - D.
VIEWING
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
Energy Performance Certificates
Energy Performance CertificateBrochures
Torquay
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Torquay Station0.8 miles
- Torre Station1.1 miles
- Paignton Station2.6 miles
Notes
Disclaimer - Property reference 12448604. 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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