Torquay
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Commercial Investment Opportunity in the Heart of St. Marychurch Precinct
- Currently Arranged as Ground Floor Retail & First Floor Office
- Being Sold with Vacant Possession of the Ground Floor
- Future Residential Conversion Potential of First Floor (Subject to Planning)
- An Opportunity for Either Investor or Owner Occupiers in this Sought After Location
Description
The property is located at the lower end of the St. Marychurch Precinct in the St. Marychurch area of Torquay. This is a thriving commercial area with a superb selection of local independent and national businesses. Nearby occupiers include a selection of retailers, pubs and cafes, professional service occupiers, convenience stores and beauty operators. This is also a popular residential area. 7 Fore Street is located at the prime lower end of the pedestrianised precinct. The property comprises a ground floor lockup retail unit, with ancillary basement storage. Most recently this has traded as a florist but is being sold with Vacant Possession, giving investors an opportunity to relet on their own terms or owner occupiers the potential for trading from their own freehold shop. The separately accessed and self-contained upper parts are currently arranged as an office. The offices are let on flexible terms. There is potential for formalisation of this arrangement with the tenant or for achieving Vacant Possession. The first floor layout is as a residential flat and therefore, there is great potential for conversion back to residential use in future (subject to necessary planning consents).
GROUND FLOOR RETAIL
FRONTAGE
17' 6'' x 24' 1'' (5.33m x 7.33m)
REAR KITCHENETTE
9' 0'' x 5' 7'' (2.74m x 1.69m)
ANCILLARY ROOM
11' 3'' x 10' 8'' (3.43m x 3.26m)
WC & SHOWER ROOM
BASEMENT
Approx. 21.4m2.
REAR YARD AREA
FIRST FLOOR
Accessed from a separate entrance on to Fore Street with hallway leading up to half landing.
SHOWER ROOM
With wash hand basin, WC and Shower.
KITCHEN
7' 3'' x 11' 11'' (2.2m x 3.64m)
FIRST FLOOR
OFFICE 1
12' 11'' x 14' 5'' (3.94m x 4.4m)
OFFICE 2
7' 10'' x 13' 9'' (2.38m x 4.2m)
OFFICE 3
14' 8'' x 13' 8'' (4.48m x 4.16m)
TENURE
The property is available freehold. This is with Vacant Possession of the ground floor shop and subject to the lease of the first floor.
We are informed that the first floor is let on an expired lease at a rent of £3,000 per annum, with a rolling two month mutual notice period.
RATEABLE VALUE
Ground Floor, 7 Fore Street - 2023 List: £13,250.
First Floor, 7 Fore Street - 2023 List: £4,700.
Please note this is not Rates Payable. Qualifying Small Businesses will be entitled to degrees of Small Business Rate Relief.
EPC RATING'S
7 Fore Street - C. (Expiring July 2032).
7A Fore Street - E. (Expiring September 2027).
VAT
We are informed that the property is not elected for VAT and therefore VAT is not chargeable on purchase price or rent at this time.
LEGAL COSTS
Each party are to bear their own legal costs incurred in any transaction.
VIEWING
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.
Energy Performance Certificates
Energy Performance CertificateBrochures
Torquay
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Torre Station1.2 miles
- Torquay Station1.7 miles
- Paignton Station3.8 miles
Notes
Disclaimer - Property reference 12728103. 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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