£127,500
Property for saleUnion Street, Torquay TQ1
Just added
Freehold
About this property
Torquay High Street Investment Opportunity
Ground Floor Lock Up Trading as an Established Café
Let on Commercial Lease Expiring July 2032
Current Passing Rent of £12,000 Per Annum
Ideal for Pension Fund Investment
Torquay High Street Investment Opportunity. Ideal for Pension Fund Investment.
The property is situated at the top end of Torquay town centre, close to the Town Hall and council buildings. The surrounding area comprises a mix of independent retailers, service providers and national occupiers, making it an attractive trading position. The property will particularly appeal to investors seeking a low-management commercial asset in a busy coastal town centre.
The upper parts of the building are held under separate ownership via a long lease, reducing landlord’s responsibilities to the commercial element only.
We have been informed that the current café tenant would consider selling the going concern business should the next proprietor be interested. Available via separate negation with the commercial tenant via Bettesworths. All interested parties are politely requested to respect the tenants' quiet enjoyment of the property.
Trading Area
60m2 (648 sq ft).
Net Frontage (12' 10'' (3.9m))
WC
Ancillary Area
9.4m2 (101 sq ft).
Catering Kitchen
Total Retail Area
Approximately 70m2 (750 sq ft).
General Information
Tenure
Freehold, subject to the existing commercial lease.
The tenant to pay a fair proportion of the total costs for the upkeep of the property as a whole.
The upper parts are held on a 999 year lease from 29th October 2008. Ground rent is not payable.
EPC Rating C
The property is situated at the top end of Torquay town centre, close to the Town Hall and council buildings. The surrounding area comprises a mix of independent retailers, service providers and national occupiers, making it an attractive trading position. The property will particularly appeal to investors seeking a low-management commercial asset in a busy coastal town centre.
The upper parts of the building are held under separate ownership via a long lease, reducing landlord’s responsibilities to the commercial element only.
We have been informed that the current café tenant would consider selling the going concern business should the next proprietor be interested. Available via separate negation with the commercial tenant via Bettesworths. All interested parties are politely requested to respect the tenants' quiet enjoyment of the property.
Trading Area
60m2 (648 sq ft).
Net Frontage (12' 10'' (3.9m))
WC
Ancillary Area
9.4m2 (101 sq ft).
Catering Kitchen
Total Retail Area
Approximately 70m2 (750 sq ft).
General Information
Tenure
Freehold, subject to the existing commercial lease.
The tenant to pay a fair proportion of the total costs for the upkeep of the property as a whole.
The upper parts are held on a 999 year lease from 29th October 2008. Ground rent is not payable.
EPC Rating C
Mortgage calculator
Monthly repayment
£637 per month
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