Fleet Street, Torquay, Devon Freehold : £150,000

LOCATION
Situated within the established retail core of Torquay close to the Harbour being opposite the rejuvenated Fleet Walk Shopping Centre with many national retailers present including Sports Direct, TK Maxx,Weatherspoons, Dominos, Revolution, Starbucks, Greggs, KFC, Shoezone, Trespass, Deichmann, Saltrock and Animal.

This part of Fleet street is restricted to traffic except Buses.

DESCRIPTION
A pair of small retail kiosks each having power and water but no WC facilities:

5b “Licence to Fill” has been an A5 takeaway sandwich bar for many years and the present owner having been operating for close to 10 years.

5c “ World Wide Desserts”was for many years a baggage retailer but following retirement of the then owner it became a fancy goods kiosk. However, the unit has recently become a specialist “street food”dessert retailer complimenting the established food offering next door.

EPC
We are advised that they are EPC exempt

ACCOMMODATION
5b approx. 8.5M2 (91.5 sqft) Rateable Value £7200
5c approx. 6.8 M2 (73 sqft) Rateable Value £5700

Lease Terms
5b - 6 years from 8/10/19 on effective FRI Terms at a rental of £6,000 payable monthly in advance. Rent review at end of third year.
5c - 6 years from 10/07/19 on effective FRI terms at a rental of £6,500 payable 1/4ly in advance. Rent review at the end of the third year.

NB. The vendors also own next door, 5 Fleet Street which they are also wishing to sell. Again, fully let and producing £37,200p.a. gross. Offers on £350,000

VAT
We understand that no election has been made to charge VAT.

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

VIEWING
Viewing – In person by external inspection only