£60,000
Property for saleTorquay Road, Paignton TQ3
Freehold
About this property
Ground Floor Retail Unit Investment Opportunity
A Strong Return Commercial Unit Investment – Gross Yield 9.1%
Retail Rent £5,500 Per Annum – On a 6-Year Fri Lease from August 2025
Net Internal Area Approx: 35m2 (379 sq ft)
Trading as a Pizza & Burger Takeaway on Primary Road into Paignton
Ground Floor Retail Unit Investment Opportunity. Retail Rent £5,500 Per Annum - On a 6 Year Fri Lease from August 2025.
Situated in a parade of independent traders including retailers, service providers and takeaways. The unit is highly visible from the road, a main route between Torquay and Paignton. Paignton Town Centre and Preston are both approximately a quarter of a mile in each direction.
The property comprises a ground floor commercial unit, featuring a fully equipped commercial kitchen, a dedicated food preparation area, and a staff toilet.
This investment opportunity offers a steady income stream from a recently refurbished pizza and burger takeaway. The tenant has over 15 years of trading experience, adding further security and reliability to the tenancy.
Net Frontage (15' 1'' (4.6m))
Retail Area (16' 1'' x 15' 9'' (4.9m x 4.8m))
22m2 (236 sq ft) (max)
Leading to:-
Store (15' 1'' x 9' 6'' (4.6m x 2.9m))
13.3m2 (143 sq ft)
WC
Tenure
The property is for sale Freehold, subject to the occupational commercial lease.
The Ground Floor is let on a 6-year Full Repairing and Insuring Commercial lease, expiring in August 2031.
With an option to Break on the 3rd anniversary, August 2028.
The tenant is a Sole Trader with a Personal Guarantee.
The Rent is £5,500 Per Annum with a 3rd Year anniversary Rent Review, August 2028.
Business Rates
2023 List: £3,250.
Please note this is not Rates Payable. Interested parties are advised to contact the Local Billing Authority, Torbay Council.
EPC Rating C
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Sole Agents, Bettesworths.
Situated in a parade of independent traders including retailers, service providers and takeaways. The unit is highly visible from the road, a main route between Torquay and Paignton. Paignton Town Centre and Preston are both approximately a quarter of a mile in each direction.
The property comprises a ground floor commercial unit, featuring a fully equipped commercial kitchen, a dedicated food preparation area, and a staff toilet.
This investment opportunity offers a steady income stream from a recently refurbished pizza and burger takeaway. The tenant has over 15 years of trading experience, adding further security and reliability to the tenancy.
Net Frontage (15' 1'' (4.6m))
Retail Area (16' 1'' x 15' 9'' (4.9m x 4.8m))
22m2 (236 sq ft) (max)
Leading to:-
Store (15' 1'' x 9' 6'' (4.6m x 2.9m))
13.3m2 (143 sq ft)
WC
Tenure
The property is for sale Freehold, subject to the occupational commercial lease.
The Ground Floor is let on a 6-year Full Repairing and Insuring Commercial lease, expiring in August 2031.
With an option to Break on the 3rd anniversary, August 2028.
The tenant is a Sole Trader with a Personal Guarantee.
The Rent is £5,500 Per Annum with a 3rd Year anniversary Rent Review, August 2028.
Business Rates
2023 List: £3,250.
Please note this is not Rates Payable. Interested parties are advised to contact the Local Billing Authority, Torbay Council.
EPC Rating C
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Sole Agents, Bettesworths.
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