16 Walnut Road, Torquay £9,000pcm

A great double fronted retail/office unit situated in the ever popular Walnut road district shopping area. The centre has a mix of retailers and service providers for the local and wider community anchored by the Cooperative supermarket with Butchers, Post office, Vets, ladies and gents hair salons as well as food to go and café's including the Blue Walnut café Bar and Cinema next door which is currently undergoing refurbishment and reopening in April.

The shop requires fitting out and rewiring for tenants use for which a rent free period will be allowed.

The property is suitable for a variety of uses and viewing is highly recommended.

Accommodation

Double fronted lock up shop unit

Internal width 4.40m max

Internal depth 8.65m Net area 35.20m² (379sq ft) approx.

Rear Office

2.83m max x 5.9m Net area 17.8m² (192sq ft) approx.

WC & wash hand basin

Outside

Small yard with rear access

Lease

A new lease ,preferably 6 years subject to 3 yearly reviews on internal repairing including the shop front terms as well as contribution to the buildings insurance premium.

Rent: £ 9000 pa (£750pcm)

Rateable Value £7,300

VAT

All prices quoted are exclusive of VAT where chargeable.

We do not believe that this property has been elected to VAT.

Legal Costs

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

Freehold

The owners are preferring to let the shop property and retain the investment although may consider selling the freehold interest which would include the upper floors comprising a 2 bed apartment let on AST at £460pcm and a rear 2 story workshop/store with an expired planning consent for residential conversion.

Offers invited Guide Price £200,000 - £250,000