Commercial property for sale in East Street, Torquay TQ2

£55,000
Commercial property for sale
Interested in this property? Call +44 1803 268798 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Affordable Investment Opportunity of Builders Workshop/Store
  • Centrally Located Builders Workshop/Store
  • Currently Let, Rental Yield 6.98%
  • Gross Internal Area 59m2 (637 sq ft)
  • Viewing Highly Recommended

Property description

Erin Yard is situated close to Torquay Town Centre. Set to the rear of East Street, the property is accessed via an archway from the road.

Set within Erin Yard to the rear of East Street, the property comprises of two storey lock up. Currently let on a new 3 year Full Repairing and Insuring lease, this affordable freehold unit offers a 6.98% return. The unit is currently used by the tenant as storage space for their local building and decorating business.

Ground Floor (24' 7'' x 15' 5'' (7.5m x 4.7m))

Including WC.

First Floor (15' 5'' x 24' 7'' (4.7m x 7.5m))

Terms Of Lease

Let on a 3 year Full Repairing and Insuring Lease from 1st December 2019, with a passing rent of £3,840 per annum.

Rateable Value

The property is expected to be below the limited set for Small Business Rate Exemption. Consequentially eligible occupiers should be able to gain up to 100% Small Business Rate Relief. Interested parties should contact the Local Billing Authority, Torbay Council for further details.

Viewing

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

EPC Awaited

Property info

Arrange Viewing

For more information about this property, please contact
Bettesworths, TQ1 on +44 1803 268798 * (local rate)

Contact Bettesworths about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bettesworths, and do not constitute property particulars. Please contact Bettesworths for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

Properties on the market nearby

11 more properties like this

View all East Street commercial properties for sale