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Paignton

£275,000

Business rates & charges may apply

Bettesworths, Devon
SIZE

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SECTOR

Mixed use property for sale

Key features

  • Mixed Use Freehold Investment Property
  • Prime Location on Paignton's Torbay Road
  • Two Established Commercial Tenants
  • Two residential Apartments on 1st & 2nd Floors
  • FR&I Leases Creating an Income of £25,825 PA

Description

Mixed Use Freehold Investment Property. Prime Location on Paignton's Torbay Road.

Situated on Torbay Road, which connects Paignton town centre to the seafront, the premises enjoys the best of both Paignton's busy retail centre and the more tourist focussed area of town. It is also walking distance to Paignton’s Sea Front, Town Centre and rail & coach station. The area is a highly sought after residential and commercial location. Two long established businesses trade from the ground floor commercial units. One a gift shop and the other an Italian restaurant. The lease for the gift shop which fronts Torbay Road also includes 2 residential apartments above and a large basement storage area.  Both premises are let on fully repairing and insuring leases generating a total income of £25,825 per annum.  

26-28 TORBAY ROAD

A ground floor retail shop and basement with 2 self-contained apartments above. The premises is held on a FR&I lease with a term of 20 years from 2008, expiring in November 2028. The current rent is £17,000 per annum.

28 QUEENS ROAD

A restaurant premises accessed via Queens Road. A new FR&I 15 year lease is being drawn up at a rent of £8,825 per annum.

GENERAL INFORMATION

TENURE

The property is being sold Freehold, subject to the commercial leases.

RATEABLE VALUE

26-28 Torbay Road - 2026 List: £9,000
28 Queens Road – 2026 List: £9,200

Please note this is not Rates Payable. The tenant is responsible for all Rates Payable.

COUNCIL TAX BAND

Flat 1 at 26 Torbay Road - B.
Flat 2 at 26 Torbay Road - A.

EPC RATINGS

26-28 Torbay Road – Awaited.
28 Queens Road – D.

SERVICES

The premises is connected to all mains services.

VIEWING

Viewing is strictly by prior appointment with the Sole Agents, Bettesworths. Tel. .

All interested parties are politely requested to respect the tenants' quiet enjoyment of the property.

Energy Performance Certificates

Energy Performance Certificate

Brochures

Paignton

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Paignton Station0.2 miles
  • Torquay Station2.0 miles
  • Torre Station2.7 miles

About Bettesworths, Devon

221 St Marychurch Road, Torquay, Devon, TQ1 4NB

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

These notes are private, only you can see them.

Disclaimer - Property reference 12863252. 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.

Map data ©OpenStreetMap contributors.

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