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Torquay

£130,000

Business rates & charges may apply

Bettesworths, Devon
SIZE

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SECTOR

Commercial property for sale

Key features

  • Purpose Built Ground Floor Commercial Unit
  • Net Internal Area of Approx. 629 sq ft (58.4 sq m)
  • Income Producing Investment Let Until November 2028
  • Passing Rent £11,500 Per Annum – Trading as a Hairdressers
  • Located in a Retail Parade with Parking to Rear

Description

Purpose Built Ground Floor Commercial Unit. Income Producing Investment Let Until November 2028.

30 Roundhill Road occupies a position within a purpose-built retail parade situated in a predominantly residential area of Torquay. This location benefits from a strong an affluent surrounding residential catchment and local convenience shoppers.  The parade features a mix of national and independent occupiers including Co-op Food, Barnardo’s, and several other local businesses. It is an ideal location for neighbourhood retail and services and would appeal to investors looking for secure income in a well-established trading position with local amenities and schools nearby. The property is a ground floor commercial premises forming part of a retail parade with flats over. Constructed with a contemporary retail frontage, the unit offers well-proportioned retail or office accommodation extending to approximately 629 sq ft (58.4 sq m) on a net internal basis. The unit is currently let on a commercial lease providing an excellent investment opportunity. The premises benefit from independent electricity and water connections, and there is estate-managed communal parking located to the rear of the property for both customers and occupiers.

ACCOMMODATION

The unit is approximately 629 sq ft (58.4 sq m). Arranged as a hairdressing salon by the current tenant.

TENURE

The property is available on a new 999-year long leasehold interest, subject to the existing commercial tenancy.

TENANCY

Let on a 10-year commercial lease expiring November 2028.

Passing Rent: £11,500 per annum.

SALE PRICE

£130,000 + VAT.

BUSINESS RATES

2023 List: £9,000.

Please note this is not the rates payable amount. The current tenant is responsible for any rates payable.

VAT

The property is elected for VAT.

LEGAL COSTS

Each party will be responsible for their own legal costs unless expressly agreed otherwise.

EPC RATING D

VIEWING

Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.

Energy Performance Certificates

Energy Performance Certificate

Brochures

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Torquay Station0.7 miles
  • Torre Station1.3 miles
  • Paignton Station1.5 miles

About Bettesworths, Devon

Fleet Street, Torquay, TQ1 1BB

Bettesworths is an independent family business, owned and run by the third generation Chartered Surveyor Directors, Matt & Paul.

We have an experienced team, highly skilled and expert in delivering a broad range of services to clients looking for the very best results.

Our breadth of experience across all property sectors, the depth of our day to day involvement and our technical knowledge gives Bettesworths an unrivalled platform from which to provide advice to meet our clients’ needs.

Our clients range from private individual property owners and occupiers to PLC institutions. We ensure each and every one is best supported with a service with which to meet the challenges and changes in the market and their own circumstances.

We offer free initial consultations without obligation, so please contact a member of our team to discuss your requirements.

Notes

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Disclaimer - Property reference 12723278. 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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