£60,000
Retail premises for saleUnion Street, Torquay TQ2
Just added
About this property
Excellent Opportunity to Acquire Long-Established Locksmith
Successful Business with Further Potential
Serving Residential, Auto & Commercial Sectors
On the Market for First Time in 20+ Years
New fr&I Lease Rent £4,000 pa
Excellent Opportunity to Acquire Long-Established Locksmith. New fr&I Lease: Rent £4,000 pa.
The premises occupies a highly visible trading position towards the top of Torquay town centre. The location benefits from excellent levels of passing vehicular and pedestrian traffic. The surrounding area comprises a mixture of commercial, retail, office and residential uses.
Keys & Locks have established an excellent reputation as a trusted local locksmith and is the longest commercial locksmith in Torbay. The business provides a comprehensive range of services including residential, commercial & auto key cutting, lock sales, lock repairs & replacement, security products, master key systems and associated locksmith services.
The business enjoys repeat trade from local residents, landlords, letting agents and commercial clients and offers significant potential for continued growth. A purchaser may wish to expand the range of security products and services available or develop additional online sales and marketing opportunities.
The premises comprises:-
Double Fronted Ground Floor Retail Unit.
Main Sales Area
Fitted with a retail counter, wall-mounted display systems and shelving for the display of locks, keys, security hardware and associated products.
Workshop
To the rear of the retail area is a dedicated workshop providing ample space for key cutting equipment, lock repairs and general workshop activities.
Office
Cloakroom
General Information
Tenure
Leasehold. The premises is available via a new Fully Repairing & Insuring Lease at a rent of £4,000 per annum. The commercial tenant will be responsible for a fair percentage of the general maintenance & upkeep of the property as a whole.
Rateable Value
2026 List: £6,900.
Please note this is not Rates Payable. 100% Small Business Rates Relief will be available to eligible parties. Interested parties are advised to make their own enquiries with the Local Billing Authority, Torbay Council.
Stock
Running at circa £25,000. Included in the sale of the business.
Utilities
The premises is connected to electricity, water and mains drainage.
Inventory
To include furnishings and equipment as per an inventory to be supplied, but excluding the owners’ personal effects.
EPC Rating B
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
The premises occupies a highly visible trading position towards the top of Torquay town centre. The location benefits from excellent levels of passing vehicular and pedestrian traffic. The surrounding area comprises a mixture of commercial, retail, office and residential uses.
Keys & Locks have established an excellent reputation as a trusted local locksmith and is the longest commercial locksmith in Torbay. The business provides a comprehensive range of services including residential, commercial & auto key cutting, lock sales, lock repairs & replacement, security products, master key systems and associated locksmith services.
The business enjoys repeat trade from local residents, landlords, letting agents and commercial clients and offers significant potential for continued growth. A purchaser may wish to expand the range of security products and services available or develop additional online sales and marketing opportunities.
The premises comprises:-
Double Fronted Ground Floor Retail Unit.
Main Sales Area
Fitted with a retail counter, wall-mounted display systems and shelving for the display of locks, keys, security hardware and associated products.
Workshop
To the rear of the retail area is a dedicated workshop providing ample space for key cutting equipment, lock repairs and general workshop activities.
Office
Cloakroom
General Information
Tenure
Leasehold. The premises is available via a new Fully Repairing & Insuring Lease at a rent of £4,000 per annum. The commercial tenant will be responsible for a fair percentage of the general maintenance & upkeep of the property as a whole.
Rateable Value
2026 List: £6,900.
Please note this is not Rates Payable. 100% Small Business Rates Relief will be available to eligible parties. Interested parties are advised to make their own enquiries with the Local Billing Authority, Torbay Council.
Stock
Running at circa £25,000. Included in the sale of the business.
Utilities
The premises is connected to electricity, water and mains drainage.
Inventory
To include furnishings and equipment as per an inventory to be supplied, but excluding the owners’ personal effects.
EPC Rating B
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
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Monthly repayment
£300 per month
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