Union Street, Torquay, Devon, TQ2
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
4 bedroom mixed use property for sale
Key features
- Ideally Located Investment property
- 3 x self contained apartments
- Restaurant on ground floor
- Immediate Income
- Possible conversation of restaurant (subject to planning permission)
Description
LOCATION
These premises are located on Higher Union Street, taking advantage of high footfall, passing vehicular traffic and convenient parking immediately at side. This area is known as Torre and is made up of many independent retailers and benefits from easy access to local bus, train station, town centre and harbour. Torre is situated in the very heart of the perennially busy seaside resort of Torquay and because of recent redevelopments, it now finds itself in a highly populated area.
ACCOMMODATION
Large glass bay-windows to front and part glazed door into:
L-SHAPED DINING ROOM/BAR
4.89m x 4.48m & 3.24m x 3.46m
LADIES CLOAKROOM
Consisting of WC and wash hand basin
GENTS CLOAKROOM
Consisting of WC and wash hand basin
Steps up to:
DINING AREA 2
8.74m x 6.06m
Rear door to rear road.
Archway leading into:
STILL/PREP AREA
2.99m x 1.02m
Steps leading down to:
KITCHEN
3.64m x 2.90m
Of irregular shape measuring
WASH UP AREA/STORES
3.05m x 1.79m
LETTING APARTMENTS
There is a separate door to the right of the restaurant and stairs to 1st floor with 1 x one-bedroom apartment and staircase to 2nd floor with a 1 x two bedroom and 1 x one bedroom apartment.
All three apartment are let out on an AST agreements.
INCOME
Whilst the three flats generate and income of £1650 pcm (no increase for 2 year) and should you let the downstairs accommodation, this would provide an additional £1,160 pcm and collectively this would be approx. £33,750 per annum.
SERVICES
Mains electricity, gas, water and drainage are all connected. However, no testing of these services has been undertaken by the Agents, Lake and Ware Commercial
BUSINESS RATES
Please make your enquiries on the local valuation website (VOA) at (currently the property is fully exempt from business rates because of small business rates relief)
TENURE
Freehold
VIEWINGS
All viewings are to be by appointment through Ware Commercial
Union Street, Torquay, Devon, TQ2
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Torre Station0.5 miles
- Torquay Station0.7 miles
- Paignton Station2.7 miles
About Ware Commercial, Torquay
16a Fore Street, St. Marychurch, Torquay, TQ1 4NA
Ware Commercial have offices based in Torquay, Exeter and Bournemouth and offer businesses and commercial properties for sale primarily throughout the South West of the UK. Drawing on over 45 years of experience, we specialise in the valuing, marketing and selling of businesses, land and commercial properties.
Our range of commercial properties and businesses for sale includes hotels, guest houses, holiday flats, retail stores, shops, salons, industrial properties, warehouses, offices,
Notes
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