Mixed-use investment opportunity with retail unit and apartment in St Marychurch Torquay
Torquay, Devon
- Status
FOR SALE
- Advert ID
633481
- Reference
25ForeSt / Rightbiz
- Call Agent:
- Freehold: £285,000
- Turnover: On request
- Net Profit: On request
Business Details
A mixed use, prime Investment opportunity
A wonderful opportunity to acquire a mixed retail & residential investment which is ideally located within St Marychurch precinct, Torquay, Devon. Both benefitting from established tenants and generating a good income for the owners. The retail unit is both spacious and prime located within the precinct together with a well-established Tennant and the apartment above is a spacious 3 x bedroom with its own entrance to the side. This is an ideal investment with good capital appreciation, approx. rental income and far better than any bank deposit! Early viewings are highly recommended.
LOCATION
Located in a bustling, affluent part of Torquay, surrounded by independent shops, cafés, and boutique retailers, the area is known for its friendly, village-like feel and attractive al fresco atmosphere. Convenient short-term and pay-as-you-go parking is available nearby, and excellent transport links put both Torquay town centre and Exeter (with its motorway access, rail connections, and airport) within easy reach.
RETAIL UNIT
A double fronted retail unit with direct access of the main precinct.
MAIN RETAIL AREA 1
8.45m x 4.45m
RETAIL AREA 2
4.01m x 3.29m
REAR CORRIDOR
Doors leading to
KITCHENETTE / STORE
2.50m x 2.30m
COURTYARD
A good-sized courtyard with access to the rear and to
TOILET
With WC and wash hand basin.
APARTMENT
This is accessed from a separate door and step from the rear of the premises.
A small vestibule which leads to
KITCHEN
3.95m x 2.29m
A lovely open plan kitchen which is comprehensively equipped and with glazed door and windows making this bright and airy. With a breakfast bar and plenty of space for a fridge/freezer, dishwasher washing machine and much more.
INNEER HALLWAY
A spacious area with space for an office desk, chair, storage, turning staircase to upper floor and doors to
BATHROOM
This fully tiled bathroom benefits from a full-length bath with a shower over, WC, wash hand basin and window to the rear.
BEDROOM 1
4.10m x 2.47
A large double room with built in wardrobes and a glazed door leading out to a terrace.
LOUNGE / DINER
4.83m x 3.95m
A lovely large space with windows to the front and ample space for a sofa suite, coffee table, dining table and chairs.
FIRST FLOOR
BEDROOM 2
3.67m x 2.84
A single room with a window to the rear.
BEDROOM 3
4.91m x 3.38m
A large double room with window to the front.
SERVICES
Mains electricity, gas, water and drainage are all connected. However, no testing of these services has been undertaken by the agents, Ware Commercial.
BUSINESS RATES
Please make your inquiries with the local authority for an up-to-date rates assessment. Visit the VOA website at www.voa.co.uk (currently, the property is fully exempt from business rates because of small business rates relief).
TENURE
Freehold
RENTAL INCOME
The gross income from both the retail unit and apartment is approx. £19,000 PA.
VIEWINGS
Contact Ware Commercial:
Tel: 01803 328880 (Torquay Office or 01392 462266 (Exeter Office)
Email: [email protected]
www.warecommercial.com
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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