St Marychurch Road, Torquay, Devon Freehold : £75,000

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Full Details

LOCATION
Situated on a busy road with good footfall close to Waitrose and a range of local shops close by.

DESCRIPTION
An ideal small commercial retail investment let to a well known local charity which has been trading at this location for several years.

The income from the shop is £500pcm inc water, insurance and maintenance.

ACCOMMODATION
Small shop with WC.
Total area: 21.1m²

TERMS
A new 10 year lease to ‘The Bay Foundation’ Charity reg no. 1028789 to be granted upon completion, subject to 5 yearly upward only rent review on effective FRI terms.

Tenant only break clause at 5th anniversary on 6 months notice.

Tenure
We understand the premises are held on a long ground lease at peppercorn rent together with a 1/3 share of the freehold.

OUTGOINGS
Rateable Value
£4,000pa payable by the tenant.

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.

LEGAL COSTS
Each party to be responsible for their own legal costs incurred.

VIEWING
Viewing by appointment only please WAYCOTTS COMMERCIAL 01803 403060

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Location

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WAYCOTTS (DEVON) LIMITED Trading as WAYCOTTS

41 Houndiscombe Road, Plymouth, PL4 6EX

Company No. 08771510 Registered in England and Wales

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