Commercial property for sale in Union Street, Torquay TQ2

86 Union Street occupies a strong trading position on the busy side of Union Street, opposite the entrance of the Union Square Shopping Centre. The property is in the vicinity of a few notable national retailers including Nationwide, Costa Coffee, Boots and Vision Express.

The property is a large, mid-terraced, freehold with accommodation over 5 floors. The property offers an exciting opportunity for a multi-unit, mixed use development. It is likely a portion of the retail accommodation will need to be retained but upper floors and potential portions of ground and basement could be converted into residential accommodation, subject to planning consent.

Viewing is highly recommended to appreciate the size and potential of the property on offer.

Ground Floor

Retail Area (18' 2'' x 62' 6'' (5.53m x 19.04m))

Rear Office (16' 0'' x 8' 7'' (4.88m x 2.62m))

Storage (5' 11'' x 3' 6'' (1.80m x 1.07m))

WC

Basement (68' 10'' x 19' 2'' (20.99m x 5.84m) (max))

First Floor

NIA Approx – 105m2 (1,130 sq ft)

Second Floor

NIA Approx – 104m2 (1,119 sq ft)

Third Floor

NIA Approx – 48m2 (516 sq ft)
With additional space in the roof above.

Tenure

The freehold of the property is offered for sale with vacant possession.

Business Rates

The property currently has two business rates valuations.

Ground, 1st & 2nd Floor
2023 List: £25,000

Basement
2023 List: £4,750

Please note the values listed above are not Rates Payable. Interested parties should make enquiries with the Agents, as to approximate Rates Payable.

Legal Costs

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

VAT

All figures are quoted exclusive of VAT, which may be chargeable.

EPC Rating D

Viewing

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