£220,000
Property for saleSt. Marychurch Road, Torquay TQ1
Freehold
About this property
Mixed Use Retail & Residential Investment
Much Sought After, Busy Roadside Location - Directly Opposite Lidl Supermarket
Generous Size Two Bedroom Apartment - Letting at £750 pm
Retail Unit Let to an Established Tenant Trading as a Ladies & Gents Hairdressers
Current Rental Income £19,200 Per Annum - With Scope for Rental Growth
Mixed Use Retail & Residential Investment. Much Sought After, Busy Roadside Location - Directly Opposite Lidl Supermarket.
The property is located on St Marychurch Road, in the Plaimoor area of Torquay. Plainmoor is a densley populated residential area and the shops, cafes, takeaways and other businesses of St Marychurch Road provide a wide range of amenities to the surrounding population.
St Marychurch Road is also a main thoroughfare road linking Torquay town centre with Babbacombe, St Marychurch and Watcombe areas of Torquay.
Nearby occupiers include pubs, several takeaways, convenience store, pharmacy and other independent retailers. The property is situated directly opposite the very busy Lidl Supermarket.
The property is a mid terrace, mixed use property. The ground floor comprises a retail shop arranged as a salon. The residential accommodation over (access from the rear) is independent and comprises a large two bedroom flat, accessed from Fourtune Way to the rear.
Retail Unit
Shop Frontage (19' 0'' x 29' 10'' (5.8m x max depth 9.1m))
With kitchenette & WC.
Net Internal Area
Approximately 55m2 (592 sq ft).
121A St Marychurch Road
Access from Fourtune Way at the rear.
Stairs and inner hall leads to:-
Landing
With storage cupboard.
Lounge (12' 9'' x 14' 11'' (3.89m x 4.55m))
Connected Kitchen (12' 1'' x 5' 0'' (3.68m x 1.53m))
Bedroom 1 (12' 3'' x 5' 10'' (3.73m x 1.78m))
Bedroom 2 (11' 9'' x 9' 2'' (3.58m x 2.80m))
Bathroom
With bath and shower over, WC and wash hand basin.
Tenure
The property is being sold Freehold, subject to the commercial lease and the residential Assured Shorthold Tenancy.
Commercial Lease
The retail unit is Let on a commercial Lease for a term of 6 years from 2023.
The passing rent is £10,200 per annum.
Service Charge
£450 per annum.
Buildings Insurance
40% of total premium.
121A St Marychurch Road
Will be occupied under an Assured Shorthold Tenancy at £750 per calendar month.
Utilities
The property is connected to electricity, water and mains drainage.
Legal Costs
Each party are to bear their own costs incurred in any transaction.
Viewing
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.
All interested parties are politely requested to respect the tenants' quiet enjoyment of the property.
EPC Ratings
121 St Marychurch Road - C.
121A St Marychurch Road - E.
The property is located on St Marychurch Road, in the Plaimoor area of Torquay. Plainmoor is a densley populated residential area and the shops, cafes, takeaways and other businesses of St Marychurch Road provide a wide range of amenities to the surrounding population.
St Marychurch Road is also a main thoroughfare road linking Torquay town centre with Babbacombe, St Marychurch and Watcombe areas of Torquay.
Nearby occupiers include pubs, several takeaways, convenience store, pharmacy and other independent retailers. The property is situated directly opposite the very busy Lidl Supermarket.
The property is a mid terrace, mixed use property. The ground floor comprises a retail shop arranged as a salon. The residential accommodation over (access from the rear) is independent and comprises a large two bedroom flat, accessed from Fourtune Way to the rear.
Retail Unit
Shop Frontage (19' 0'' x 29' 10'' (5.8m x max depth 9.1m))
With kitchenette & WC.
Net Internal Area
Approximately 55m2 (592 sq ft).
121A St Marychurch Road
Access from Fourtune Way at the rear.
Stairs and inner hall leads to:-
Landing
With storage cupboard.
Lounge (12' 9'' x 14' 11'' (3.89m x 4.55m))
Connected Kitchen (12' 1'' x 5' 0'' (3.68m x 1.53m))
Bedroom 1 (12' 3'' x 5' 10'' (3.73m x 1.78m))
Bedroom 2 (11' 9'' x 9' 2'' (3.58m x 2.80m))
Bathroom
With bath and shower over, WC and wash hand basin.
Tenure
The property is being sold Freehold, subject to the commercial lease and the residential Assured Shorthold Tenancy.
Commercial Lease
The retail unit is Let on a commercial Lease for a term of 6 years from 2023.
The passing rent is £10,200 per annum.
Service Charge
£450 per annum.
Buildings Insurance
40% of total premium.
121A St Marychurch Road
Will be occupied under an Assured Shorthold Tenancy at £750 per calendar month.
Utilities
The property is connected to electricity, water and mains drainage.
Legal Costs
Each party are to bear their own costs incurred in any transaction.
Viewing
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.
All interested parties are politely requested to respect the tenants' quiet enjoyment of the property.
EPC Ratings
121 St Marychurch Road - C.
121A St Marychurch Road - E.
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