Union Street , Torquay, Devon Freehold : £175,000

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LOCATION
An opportunity to acquire a prominent town centre shop tenanted by an established nail bar together with self contained upper parts suitable for a variety of uses subject to consent.

The upper floors are approached from the rear of the property and may appeal to residential developers or indeed owner occupiers wanting central office space within Torquay central retail core.

ACCOMMODATION
Accommodation
119 Union Street
Ground Floor – Double fronted shop premises currently trading as “5 Star Nails” who have been for some years at this location.
The current lease is for 7 years from 12th December 2018, with a rent review on 12th December 2021. The current rent is £12,000 p.a. exclusive of rates and building insurance.
For accommodation sizes, please refer to the floor plans.

1a Castle Road
Self contained access to 2 floors of accommodation as detailed in the floor plans. Until recently we understand these premises have been used as offices .

TERMS
Proposal
Offers are invited on £175,000 for the freehold interest subject to the current lease which offers a 6.86% yield before costs on a part vacant basis.

OUTGOINGS
Rateable Value
119 Union Street £8,300
1a Castle Road £4,550

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
Strictly by prior appointment with the vendors joint selling agents

Waycotts Bettesworths
Chartered Surveyors Chartered Surveyors
01803 403060 01803 212021

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WAYCOTTS (DEVON) LIMITED Trading as WAYCOTTS

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