Torquay
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- SIZE
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- SECTOR
Mixed use property for sale
Key features
- Mixed Use Investment Freehold For Sale
- Comprising a 1-Bedroom Flat, Retail Unit and Storage Unit
- All 3 Units Let Generating a Gross Rental Income of £21,000 Per Annum
- Commercial Units Let on 3 Year Leases
- Residential Flat Recently Renovated to a Good Standard
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. 16 Lucius Street is a mixed-use investment property, currently fully let. The property is comprised of a self-contained 1-bedroom flat on the top floor, retail/ office accommodation on the ground floor and a workshop/ storage unit on the lower ground floor. The flat has been finished to a good standard for holiday accommodation purposes. The flat has now been let on an AST to a residential tenant. The retail unit/ office has been let on a 3-year commercial lease. The lower ground floor workshop/ store is approximately 125m², with vehicular access via Scarborough Place. This unit has also been let on a 3-year commercial lease.
RETAIL/ OFFICE UNIT
RETAIL/OFFICE
29' 3'' x 13' 4'' (8.91m x 4.06m)
REAR OFFICE
9' 7'' x 8' 6'' (2.93m x 2.60m)
KITCHENETTE
15' 5'' x 8' 0'' (4.70m x 2.44m)
WC
WORKSHOP / STORAGE UNIT
STOREROOM
10' 5'' x 6' 9'' (3.17m x 2.07m)
STOREROOM
24' 8'' x 10' 6'' (7.53m x 3.20m)
GARAGE
61' 11'' x 17' 8'' (18.87m x 5.39m)
With roller shutter door providing vehicular access from Scarborough Place. Space for up to 6 cars.
WC
RESIDENTIAL ACCOMMODATION
Access from Lucius Street.
HALLWAY
Stairs leading to:-
BATHROOM
8' 1'' x 6' 2'' (2.46m x 1.88m)
OPEN LIVING AREA
17' 11'' x 13' 7'' (5.45m x 4.13m)
With access out to a sun deck overlooking the rear of the property.
KITCHEN
13' 1'' x 7' 5'' (4.00m x 2.26m)
BEDROOM
12' 11'' x 10' 3'' (3.94m x 3.13m)
TENURE
Freehold subject to the 3 year commercial leases of the 2x commercial units and the AST of the residential unit.
PRICE
An asking price of £235,000.
RENT SCHEDULE
Workshop/ Store - £500pcm.
Retail/ Office - £500pcm.
Flat - £750pcm.
UTILITIES
The property is connected to electric and water supplies. The commercial and residential unit share one water meter. Each unit is on an independent electric sub meter.
BUSINESS RATES
2023 List: £7,500.
Please note this is not Rates Payable. Parties needing further advice on the rates payable are advised to speak to the Agents, Bettesworths.
COUNCIL TAX
Band A.
EPC RATINGS
16 Lucius Street – C.
16a Lucius Street – E.
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 12717633. 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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