127-129 Winner Street, Paignton Offers In Region Of £300,000 (Freehold)

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Full Details

The property is situated on Winner Street close to the junction with Palace Avenue and the Palace Theatre, and a short distance from the main town centre shopping facilities. Occupiers close by include a Co-op Supermarket and a range of further convenience and specialists traders.

The premises comprise two retail shops on the ground floor with a central access/loading bay through to the rear where there is warehouse storage. On the first floor are two residential flats both let on AST's. Vacant accommodation extends to approx. 331sqm (3567 sq ft)

 

Accommodation

Loading Bay 29.28m² (315sqft) with access to both retail units although in control of vendor. Stairs at rear to Warehousing

 

Shop 1 43.528m² (469sqft)

Currently let (holding over) to Classic Floors at £5200p.a. exclusive.

 

Shop 2 Retail area 51.05m² (550sqft)

office 9.56m² (101sqft)

rear show room 32.08m² (345sqft)

Vacant possession

 

Warehouse/storage-steps up from lading bay

Landing area 28.62m² (308sqft) WC off

Ground floor 56.16m² (605sqft)

First Floor 154.05m² (1658sqft) ( steep external stair)

 

First Floor Residential flats 1x1 bed and 1x 3 bed ( both let and not inspected)

 

Planning

This property offers a variety of potential redevelopment opportunities subject to consent.

At present we believe the commercial accommodation falls within Class E of the use classes order

 

Current Income

We understand that Shop 1 was let on 5 year lease at £5200 p.a. and the tenant is still in occupation and wishing to stay. No notices or negotiations about a lease renewal have been entered into.

We understand that both flats are let on assured shorthold tenancies details of which are awaited and understand that the income from these is around £1000 pcm.

 

EPC Details to follow

Rateable Value Council Tax

127 Winner Street RV £5000 127a Winner Street Band C

129 Winner Street RV £4850 129a Winner Street Band A

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WAYCOTTS (DEVON) LIMITED Trading as WAYCOTTS

41 Houndiscombe Road, Plymouth, PL4 6EX

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