49 Torbay Road, Paignton Asking Price Of £350,000 (Freehold)

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Full Details

Occupying a fantastic corner position in this busy thoroughfare linking the prime shopping of Victoria Street to the Beach.

Torbay Road is renowned for its wide variety of businesses mainly serving the many visitors holidaying in the town.

The general area is well known for many guest houses and hotels and coming soon is a major development by Frangrance Group of two new hotels boasting 119 and 161 bedrooms respectively will add greatly to the local economy and Paignton's profile.

This property has been in the same family ownership for many years and until recently has been out on lease.

This business property has been neglected by the former tenants and does require upgrading but offers a fantastic opportunity to redevelop the extensive accommodation to modern standards.

 

Accommodation

The Building is currently arranged as a takeaway and restaurant with prep rooms on the ground floor additional seating at first as well as a self contained residential flat over the first and second floors. Please see floor plans.

Redevelopment of the site is an option subject to any necessary planning consent required via Torbay Council.

 

Business

No trading figures are available.

Proposal

Offers are invited for the Freehold Interest with a guide price of £350,000.

Consideration will be given to a new lease subject to terms to be discussed.

However, no short term lets will be considered and any new tenant would have to prove they have sufficient capital to carry out improvements.

Rateable Value £15,000 EPC D

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WAYCOTTS (DEVON) LIMITED Trading as WAYCOTTS

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