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Agent's details

83-85 Union Street, Torquay, Devon

For sale: £500,000.00|5,098 Sq Ft|General Retail, Other, Retail, Other Property Types & Opportunities

Property details

FOR SALE£500,000.00
SIZE5,098 Sq Ft
ADDRESS83-85 Union Street, Torquay, Devon
TYPEGeneral Retail, Other, Retail, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON31st December 2022

Description

Freehold Investment Sale

INVESTMENT SUMMARY
- Freehold investment sale in Torquay
- Passing rent £42,500 per annum
- Let on a 5 year term from 25th March 2022
- Lease is protected by the Landlord and Tenant Act 1954
- Close proximity to Union Street shopping centre
- Tenant only break on the 3rd anniversary, £4,000 break penalty
- Considerable ancillary space on the first floor
- Full Repairing and Insuring Lease

The property comprises ground floor retail space with ancillary accommodation on the first floor. W/C's and kitchen facilities are located on the first floor.

The Ground floor consists of mainly open plans sales space with the first floor split into three large rooms currently being used as storage and staff rooms.

Torquay is a traditional seaside resort town set on Devon's English Riviera coast in the south west of England.

The property is located on Union Street, which is approximately 0.5 miles from Torquay Marina (shown below) and approximately 1 mile from Torquay Train station which has frequent trains running to Exeter and the South West.

The property also backs on to Union Square shopping centre, which is home to a mix of retails. Some examples are Game, Specsavers, Peacocks, Greggs and The Entertainer.

The EPC will be made available on application ( Agency Pilot Software ref: 20012851 )

Location

marker
Location: 83-85 Union Street, Torquay, Devon

Torquay (0.7 miles)

Torre (0.8 miles)

Paignton (2.7 miles)

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