Torquay
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Mixed Use Investment Property in Popular Parade
- Commercial Unit, 4-Bedroom Flat and Basement
- Fully Let, Generating £2,400pcm (£28,800p.a.)
- Basement Vacant and Benefitting from Independent Street Access
- Viewing Highly Recommended
Description
Lucius Street is a well-established, edge of town centre shopping parade in Torquay, South Devon. Lucius Street has a vibrant mix of independent occupiers including retailers, professional services and office users. Being located close to the main town centre of Torquay, the seafront and the principle arterial routes of the town, Lucius Street is a very convenient trading location.
21 Lucius Street is a mixed-use investment property, comprised of a ground floor commercial unit, 4-bedroom flat and separate basement. The commercial unit is let to an Aesthetics and Beauticians business at a rent of £800pcm on a rolling yearly lease. The residential accommodation is arranged as a 4 bedroom- flat over two floors. The accommodation is spacious and is let at £1,300pcm. The basement is currently let on a rolling lease at £300pcm and has its own independent entrance, accessed via the lane at the rear of the property. The basement could be utilised as a store/ workshop.
COMMERCIAL UNIT
Previously arranged as two units but now combined and let to one tenant on a yearly rolling agreement at £800pcm.
RETAIL
31' 10'' x 9' 11'' (9.71m x 3.02m)
TREATMENT ROOM
21' 2'' x 6' 10'' (6.45m x 2.08m)
STORE ROOM
14' 11'' x 5' 10'' (4.55m x 1.79m)
TREATMENT ROOM
24' 0'' x 8' 1'' (7.31m x 2.47m)
WC
BASEMENT
The basement can be accessed internally via the commercial unit and independently via an entrance door on the rear lane. This allows the basement to be combined or let separately from the commercial unit.
Depth: 15.45m (50' 8'')
Width: 5.52m (18' 1'')
Arranged as 6 rooms with a small amount of natural light from light wells.
RESIDENTIAL ACCOMODATION
Arranged as a 4-bedroom flat and let at a rent of £1,300pcm.
FIRST FLOOR
KITCHEN
9' 5'' x 7' 9'' (2.86m x 2.35m)
DINING ROOM
9' 7'' x 6' 9'' (2.92m x 2.05m)
SHOWER ROOM
LIVING ROOM
15' 0'' x 10' 8'' (4.57m x 3.24m)
BEDROOM
9' 8'' x 7' 0'' (2.95m x 2.13m)
BEDROOM
13' 1'' x 11' 4'' (4.00m x 3.46m)
SECOND FLOOR
KITCHEN
11' 7'' x 8' 8'' (3.53m x 2.64m)
BEDROOM
17' 5'' x 8' 9'' (5.31m x 2.67m)
BEDROOM
14' 3'' x 8' 10'' (4.34m x 2.69m)
BATHROOM
8' 5'' x 5' 0'' (2.56m x 1.52m)
TENURE
Freehold subject to the occupational leases of the shop and flat.
LEASES
Shop Let to one tenant at £800pcm on a rolling yearly contract.
Flat Let on an AST at £1,300pcm.
Basement Currently Let on a rolling lease at £300pcm.
UTILITIES
The flat has its own electric and gas meter. The commercial unit has its own electric meter. The property has one water meter with the cost split between the tenants.
BUSINESS RATES
The business rates for the shop are currently split into two sides:
LHS: £3,850
RHS: £3,950
Please note this is not the Rates Payable amount. The tenant/occupier is responsible for payment of the business rates.
COUNCIL TAX BAND A
VAT
The property is not elected for VAT and therefore is not chargeable on rent.
LEGAL COSTS
Each party will be responsible for their own legal costs unless expressly agreed otherwise.
EPC RATINGS
Shop – D.
Flat - E.
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 Station0.5 miles
- Torre Station0.5 miles
- Paignton Station2.6 miles
Notes
Disclaimer - Property reference 12527209. 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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