Fleet Street, Torquay £25,000pa

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Prime Fleet street retail unit with the majority of the former shop fit remaining in situ.

Available immediately to take advantage of this coming summer season. The previous tenants have left in situ their shop fit and some equipment to facilitate quick reopening.

The Freehold block which includes the Calypso Café to the left and both Snappy Snaps and William Hill to the right has recently enjoyed a complete refurbishment of the exterior including the roof when the upper floors were redeveloped from commercial space to self contained residential flats.

The freehold has 5 long leases at peppercorn rent derived from it with each owner of the long ground leasehold interest also having a share of the freehold interest.

Waycotts are both the managers of the freehold and manage this unit and its neighbour Calypso separately so we are able to answer any questions (within reason) regarding future service charges etc.

Fleet street has seen a significant increase in footfall in recent years with the exciting harbourside redevelopment of Debenhams and the additional 400 hotel rooms from Hilton by Hampton (open) and Premier Inn ( under construction) close by further adding to the pitch.

Accommodation

A ground floor lock up retail/office /catering unit with rear servicing-no parking.

Please see plan attached for current layout. The Rating valuation records a Net internal area approx.98.39m2 (1059 sqft) and a Gross area including WC's of 103.67 m2 (1148 sq ft)

Lease

A new lease length negotiable on effective FRI terms by service charge.

Rent: £25000 p.a. Rateable Value £20,500 EPC "D"

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.

Viewing - Strictly by prior appointment

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WAYCOTTS (DEVON) LIMITED Trading as WAYCOTTS

41 Houndiscombe Road, Plymouth, PL4 6EX

Company No. 08771510 Registered in England and Wales

VAT Registration Number: 196 9480 44