Guide price
£400,000
Property for saleFleet Street, Torquay TQ2
Freehold
About this property
High Street Retail Freehold Investment - For Sale by Auction
Entirely Let to Edinburgh Woollen Mill Properties Limited Until 2031
Recently Renewed Lease in a Prime Central Pitch. Rent £44,000 Per Annum
Tenant in Occupation for over 25 Years
Substantial Building of Approx. 967.20m2 (10,410 sq ft)
High Street Retail Freehold Investment - For Sale By Auction on 16th July 2026 (Unless Sold or Withdrawn Prior).
The property is prominently situated in Torquay town centre on Fleet Street, the town's premier retailing location. Torquay is an established South Devon coastal town, situated approximately 23 miles south of Exeter. The property is located in close proximity to the Fleet Walk Shopping Centre and Torquay Marina, with nearby occupiers including Tesco Express, tk Maxx, Trespass, Subway, kfc and Domino's.
The property comprises a substantial ground floor retail unit with ancillary accommodation on the basement, first, second and third floors. A major restoration of the exterior was completed in 2022.
Tenancy & Accommodation
Ground Floor Retail
228.80m2 (2,462 sq ft).
Tenant: Edinburgh Woollen Mill Properties Limited, trading as The Edinburgh Woollen Mill.
Term: 5 years from 20th May 2026.
Rent: £44,000 per annum exclusive.
The lease provides a tenant option to determine on 20/05/2029 upon serving 6 months notice.
Full lease information available upon request.
Basement
150.80m2 (1,623 sq ft).
First Floor
223.00m2 (2,400 sq ft)
Second Floor
192.60m2 (2,073 sq ft).
Third Floor
172m2 (1,851 sq ft).
Total
967.20m2 (10,410 sq ft).
N.B.
The floor areas stated above are those published by the Valuation Office Agency ()
Tenure
Freehold.
VAT
VAT is applicable to this lot.
EPC Rating D
Note
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Agents.
The property is prominently situated in Torquay town centre on Fleet Street, the town's premier retailing location. Torquay is an established South Devon coastal town, situated approximately 23 miles south of Exeter. The property is located in close proximity to the Fleet Walk Shopping Centre and Torquay Marina, with nearby occupiers including Tesco Express, tk Maxx, Trespass, Subway, kfc and Domino's.
The property comprises a substantial ground floor retail unit with ancillary accommodation on the basement, first, second and third floors. A major restoration of the exterior was completed in 2022.
Tenancy & Accommodation
Ground Floor Retail
228.80m2 (2,462 sq ft).
Tenant: Edinburgh Woollen Mill Properties Limited, trading as The Edinburgh Woollen Mill.
Term: 5 years from 20th May 2026.
Rent: £44,000 per annum exclusive.
The lease provides a tenant option to determine on 20/05/2029 upon serving 6 months notice.
Full lease information available upon request.
Basement
150.80m2 (1,623 sq ft).
First Floor
223.00m2 (2,400 sq ft)
Second Floor
192.60m2 (2,073 sq ft).
Third Floor
172m2 (1,851 sq ft).
Total
967.20m2 (10,410 sq ft).
N.B.
The floor areas stated above are those published by the Valuation Office Agency ()
Tenure
Freehold.
VAT
VAT is applicable to this lot.
EPC Rating D
Note
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Agents.
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Monthly repayment
£2,000 per month
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