Location
The property is located on Lucius Street which is situated just off Belgrave Road close to Torquay Town Centre. Lucius Street is a busy trading area with a mixture of service and retail companies represented.
Lucius street has the benefit short-term free on-street parking as well as in nearby roads and is well served by public transport with the bus stop literally outside this property.
Description
Ground Floor shop 60.9m2 (656sqft) and basement 31.6m2 (340sqft) T/A Fiver Fabric . Let on 5 year IRI term from 1/9/2023 at £9,000 p.a. (£750 pcm) with a £1,000 security deposit held.
Self contained residential accommodation: two residential flats both let on AST agreements comprising 1 x one – bedroom flat recently reviewed to £675pcm, and 1 x two-bedroom flat recently reviewed to £725pcm.
The building is currently fully let and producing £25,200 p.a.
EPC
Flat 1—Rated D
Flat 2—Rated E
Shop— Rated C.
Services
We understand that each unit has separate electricity connected but they share a single water supply.
The shop tenant pays an extra £60 cm for water with both residential ASTs inclusive.
VAT
All figures quoted are exclusive of VAT whether chargeable or not. Interested parties are recommended to establish VAT implications before entering into any agreement.
NB
All internal photos are library photos supplied prior to letting by our clients.
Viewing by appointment only. Please contact:
Nick Wheeldon MRICS
Waycotts
01803 403060
[email protected]
