Paignton
- SIZE
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- SECTOR
Commercial property to lease
Lease details
- Lease available date:
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Key features
- Prime Commercial Unit in Prominent Seaside Location
- Highly Visible Unit on Paignton Seafront in Prime Location
- GIA Approx. 228m² Potential to Install Mezz Approx. 65m²
- Adjacent to the Popular Costero Lounge & Vue Cinema
- Shell Condition Ready for Tenants Fit Out
Description
Paignton is a well-established seaside town situated on the South Devon coast, forming part of the celebrated English Riviera alongside Torquay and Brixham. The town benefits from excellent transport links, including the A380 which connects to the M5 motorway, as well as a mainline railway station offering direct services to Exeter, Plymouth and London Paddington.
Paignton’s seafront is renowned for sandy beaches, vibrant pier and picturesque coastal scenery, making it a popular destination for tourists and residents alike. Festival Theatre is positioned in a prime location, connecting Paignton’s seafront promenade to the bottom of the High Street and trading area, referred to as Paignton’s ‘Golden Mile’. This location is surrounded by a variety of tourist focussed attractions and establishments, as well as national occupiers, Vue Cinema and Loungers. This is a rare opportunity to acquire a unit in one of Paignton’s most prominent locations. The unit is available by way of a Sub-lease for a term to be agreed, up to July 2034. The space is in shell condition and is ready for a tenants fit out. The unit offers large open space with a wide curved frontage onto Esplanade Road. The unit benefits from a double height section to the rear, which could either be used for higher height requirement uses or could be suitable for the installation of a mezzanine floor (subject to consent). The unit is already connected to ladies and gents WC facilities, but these would need renovating.
FRONTAGE:
19.87m
DEPTH (MAX):
18.58m
GROSS INTERNAL AREA:
228m² (2,454 sq ft)
TENURE
The property is available by way of a new sublease, up to July 2034 and outside the LTA 1954.
All leases will need consent of Lounger's landlord and the head landlord (Torbay Council).
RENT
£30,000 per annum, exclusive.
USE CLASS
Class E: Commercial, Business and Service.
Alternative uses requiring a change of use, will be considered (subject to necessary consent).
BUSINESS RATES
We believe the unit is part of a larger rateable demise and would need to be revalued once a letting has been completed.
VAT
The property is elected for VAT and therefore is chargeable on rent.
EPC RATING D
VIEWING
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
Energy Performance Certificates
Energy Performance CertificateBrochures
Paignton
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Paignton Station0.2 miles
- Torquay Station1.9 miles
- Torre Station2.7 miles
Notes
Disclaimer - Property reference 12674245. 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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