Commercial property for sale in Lymington Road, Torquay TQ1

The property occupies a large visible corner unit spanning from the junction of Lymington Road and Chatto Road, up to Parkfield Road, Torquay.

Lymington Road is an edge of town centre location favoured by many commercial occupiers (including Jewson, Halfords, City Plumbing & Denmans) The property has been recently let to the current occupiers, having previously been operated as an owner occupier Garage business for over 90 years.

The property comprises a forecourt, garage/mot test centre with various workshops, showrooms and stores and a large private car park/yard.

The occupiers operate at successful Garage business from the premises and are a well-established family company, having previously traded in Newton Abbot and formerly Torquay.

Garage Premises

Main Workshop, Ground Floor Stores & Offices

Totaling approximately 655m2 (7,050 sq ft).

Upper Ground Floor Showroom

55m2 (592 sq ft).

First Floor Stores

65m2 (700 sq ft).

Car Park/Yard

Approximately 140m2 (1,500 sq ft).

Tenure

The property is held on a 10 year Fri lease from 2018, contracted out of the security of tenure provisions of the 1954 Landlord & Tenant Act.

Let to acm Ltd, backed by personal guarantee.

Rent

£22,500 per annum.

Business Rates

2017 List: £17,674.

Legal Costs

Each party are to bear their own legal costs incurred in any transaction.

EPC Rating E

Viewing

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