Commercial property for sale in Market Street, Torquay TQ1

Situated on Market Street, the premises is well placed to benefit from the footfall generated from Union Square Shopping Centre. The property is highly visible to large volumes of foot and vehicle traffic that flow from the town via the Union Street one way system.

Market Street is an established and long-standing trading area for small businesses looking to locate on the very edge of Torquay's prime retail area but with affordable property overheads.

15 Market Street is currently let to an Asian Grocery Market. The property offers an excellent opportunity to purchase a high return commercial investment – priced to sell.

Retail Area (15' 6'' x 27' 4'' (4.72m x 8.33m))

Store (7' 7'' x 13' 1'' (2.3m x 3.98m))

Store

16.5m2 (177 sq ft)

WC

Lease

Let on a 6-year lease at £6,000 per annum from August 2020.

Tenure

The property is offered for sale on a new long leasehold, to be created. The terms of this leasehold are to be agreed but the suggestions are a 999-year lease on a peppercorn ground rent.

Business Rates

2023 List: £6,300

Please note: This is not Rates Payable. 100% Small Business Rates Relief will be available to eligible occupiers. Interested parties are advised to make their own enquiries with the Local Billing Authority, Torbay Council.

Legal Costs

Each party are to be responsible for their own costs incurred.

EPC Awaited

Viewing

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