Torquay

THE ACCOMMODATION

GROUND FLOOR

Approx. 583m² (6,275 sq ft)
Main entrance, open plan public/club space, with ancillary rooms and stairwell access.

FIRST FLOOR

Approx. 169m² (1,820 sq ft)
Staff/office areas, WCs, kitchen, and ancillary storage.

LOWER GROUND FLOOR

Approx. 444m² (4,779 sq ft)
Additional function rooms, private lounge areas, and technical plant/facilities.

TOTAL AREA

Approx. 1,196m² (12,874 sq ft).

THE TENANT

The tenant is Cue Sports Academy Ltd. The venue is known for quality fit-out and modern social leisure offering, including licensed bar, lounge, and competition-grade tables.

The company has made a substantial investment into fitting out the property for their Torquay flagship venue, which includes full redecoration, specialist lighting, custom joinery, bar installation, acoustic treatment, CCTV and audio/visual systems. More about the operation can be found at:

LEASE DETAILS

Tenant: Cue Sports Academy Ltd.
Term: 10 years from 25th February 2025 (expiring 25th February 2035).
Rent: £58,000 per annum.
Repair: Full Repairing and Insuring (FRI).
Break Clause: Tenants option to break in February 2030.
Rent Deposit: The lease is supported by a £14,500 Rent Deposit.
Use: Class E - Commercial, Business and Service.
Rent Reviews: RPI Linked Review at Fifth Anniversary; 25% Cap / 15% Coller (Minimum Increase).

TENURE

The property is held freehold, subject to the occupational lease to Cue Sports Academy Ltd.

VAT

The property is not opted for VAT.

VAT is not currently charged on rent, and a purchase will not, as stands, be subject to VAT.

EPC RATING C

PRICE

Offers in Excess of £600,000.

This represents a Net Initial Yield of approx. 9.2%, after allowing for standard purchaser's costs of 5%.

VIEWING

Viewings are strictly by prior appointment with the sole agents, Bettesworths.

Interested parties are requested to be respectful of the tenant's ongoing business, which is unaffected by the investment sale.