Pub/bar to let in Torwood Street, Torquay TQ1

Description

Presenting a substantial commercial property, this expansive premises offers significant potential for modernization and adaptation to accommodate a new business venture. Previously operated as a vibrant night club, the space comprises multiple large function rooms and spacious seating areas. Previously, the nightclub was a popular venue on the Torquay circuit, particularly at the weekends. With an overall floor area of 9,139 square feet, this commercial property presents an expansive canvas for prospective tenants to shape according to their business needs.

Lease terms are flexible and subject to negotiation with suitable applicants. The property is available as a whole unit, or alternatively, it can be divided into two separate units to cater for the specific needs of incoming tenants. Should an interested party require only a portion of the space, pricing arrangements can be individually discussed with the agent.

Situated in a high footfall location in Torquay, just a short distance from the bustling harbour and yacht marina, the property strategically positions itself to capitalize on Torquay's lively nightlife and thriving restaurant scene.

For the initial six months, a rent-free period is offered, allowing the incoming tenant a favourable window to establish and set up their business operations. A new internal repairing and insuring lease is available for £40,000 per year on a free-of-tie basis. The exact terms will be determined during the negotiation process.

Rateable Value: 2023 List £36,750. Please note this is not the Rates Payable. 100% Small Business Rates Relief will be available to eligible parties. Interested parties are advised to contact the Local Billing Authority, Torbay Council.

Deposit: £0