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Torquay

£127,500

Business rates & charges may apply

Bettesworths, Devon
SIZE

Ask agent

SECTOR

Commercial property for sale

Key features

  • Torquay High Street Investment Opportunity
  • Ground Floor Lock Up Trading as an Established Café
  • Let on Commercial Lease Expiring July 2032
  • Current Passing Rent of £12,000 Per Annum
  • Ideal for Pension Fund Investment

Description

Torquay High Street Investment Opportunity. Ideal for Pension Fund Investment.

The property is situated at the top end of Torquay town centre, close to the Town Hall and council buildings. The surrounding area comprises a mix of independent retailers, service providers and national occupiers, making it an attractive trading position. The property will particularly appeal to investors seeking a low-management commercial asset in a busy coastal town centre. The upper parts of the building are held under separate ownership via a long lease, reducing landlord’s responsibilities to the commercial element only.  We have been informed that the current café tenant would consider selling the going concern business should the next proprietor be interested. Available via separate negation with the commercial tenant via Bettesworths. All interested parties are politely requested to respect the tenants' quiet enjoyment of the property. 

TRADING AREA

60m2 (648 sq ft).

NET FRONTAGE

12' 10'' (3.9m)

WC

ANCILLARY AREA

9.4m2 (101 sq ft).

CATERING KITCHEN

TOTAL RETAIL AREA

Approximately 70m2 (750 sq ft).

GENERAL INFORMATION

TENURE

Freehold, subject to the existing commercial lease.

The tenant to pay a fair proportion of the total costs for the upkeep of the property as a whole.

The upper parts are held on a 999 year lease from 29th October 2008. Ground rent is not payable.

EPC RATING C

Energy Performance Certificates

Energy Performance Certificate

Brochures

Torquay

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Torquay Station0.7 miles
  • Torre Station0.8 miles
  • Paignton 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 12904543. 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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