Torquay
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- SECTOR
Mixed use property for sale
Key features
- Large Mixed Use Investment Property
- Gross Rental Income of £19,150 Per Annum – GIY of 11.96%
- Commercial Unit Across 3 Floors – GIA Approx. 180m2 (1,937 sq ft)
- Three Bed Maisonette Let on AST at £12,150 Per Annum
- Commercial Unit Let until 16/12/2027 at £7,000 Per Annum
Description
Abbey Road is a busy location, linking the one-way system of the town centre up to the bottom of Torre and surrounding areas. The property is situated in the parade of shops on Abbey Road, a short walk away from the Town Centre and its various amenities, making it a popular location for small independent businesses. The location is also favoured among residents for its central location and easy access to the seafront and Torre Abbey Green. Commercial unit arranged over three floors comprising of a mixture of office, storage and workshop space. Currently let on a 3 year FRI lease, outside LTA 1954, at a rent of £7,000 per annum. The first and second floors are arranged as a three bed maisonette, let on an AST at a rent of £12,151.20 per annum. The property is connected at the rear to Lower Union Lane with access into the commercial unit.
COMMERCIAL UNIT
FRONT OFFICE
16' 1'' x 12' 2'' (4.89m x 3.72m)
REAR OFFICE
13' 1'' x 12' 4'' (3.99m x 3.77m)
WORKSHOP/STORE
42' 11'' x 14' 10'' (13.07m x 4.52m)
Stairs down to:-
STORE
18' 9'' x 11' 6'' (5.72m x 3.50m)
STORE
12' 2'' x 9' 5'' (3.70m x 2.86m)
WCS
WORKSHOP/ STORE
32' 9'' x 18' 8'' (9.98m x 5.70m)
With stairs down and access to Lower Union Lane.
The commercial unit is let on a 3 Full Repairing and Insuring lease at a rent of £7,000 per annum. The lease expires 16th December 2027.
MAISONETTE
Entrance from Abbey Road with hallway.
Stairs leading to:-
FIRST FLOOR
With lounge and 2 bedrooms.
LOUNGE
19' 5'' x 12' 7'' (5.93m x 3.84m)
KITCHEN
11' 7'' x 4' 7'' (3.53m x 1.39m)
BATHROOM
8' 8'' x 5' 3'' (2.64m x 1.61m)
BEDROOM
11' 9'' x 8' 5'' (3.58m x 2.56m)
SECOND FLOOR
Large landing with space for office/storage.
BEDROOM
9' 7'' x 6' 0'' (2.91m x 1.84m)
BEDROOM
14' 2'' x 8' 5'' (4.33m x 2.57m)
TENURE
The property is being sold Freehold, subject to the
residential Assured Shorthold Tenancy.
BUSINESS RATES
2023 List: £7,100.
Please note this is not Rates Payable.
COUNCIL TAX BAND B
SERVICES
The property is connected to gas, water and electric.
VIEWING
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths. Tel. . All interested parties are politely requested to respect the tenants' quiet enjoyment of the property.
EPC RATINGS
Commercial Unit – B.
Maisonette – D.
Energy Performance Certificates
Energy Performance CertificateBrochures
Torquay
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Torquay Station0.6 miles
- Torre Station0.8 miles
- Paignton Station2.6 miles
Notes
Disclaimer - Property reference 12487599. 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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