£285,000
Property for saleFore Street, St. Marychurch, Torquay TQ1
Freehold
About this property
Freehold Mixed-Use Investment Opportunity
Arranged as Commercial Unit with Self Contained 3-Bed Flat Over
Located in the Highly Desirable St Marychurch Precinct
Flat in Good Condition Ready for Occupation or Reletting
Commercial Leased at £950 pcm – Expiring October 2025
Freehold Mixed-Use Investment Opportunity. Arranged as Commercial Unit with Self-Contained 3 Bed Flat Over.
St Marychurch is a desirable residential and commercial district of Torquay, situated within walking distance of local amenities and public transport links. The area benefits from strong footfall and a mix of independent retailers, professional services and residential occupiers.
A rare opportunity to acquire a mixed-use investment property in the heart of St Marychurch, Torquay. The property comprises a ground floor commercial unit currently occupied as a salon, together with a self-contained and recently renovated three-bedroom flat arranged over the upper floors.
The residential flat is currently vacant and ready for immediate occupation or letting. The property offers excellent income potential in a sought-after location.
A traditional corner plot building arranged over ground and first floors - Configured as follows:-
Commercial Unit (Ground Floor)
Currently operating as a salon and arranged as:
Retail Area (32' 0''x 11' 1'' (9.76m x 3.39m))
Treatment Room (12' 1'' x 13' 1''(3.69m x 3.99m))
Treatment Room (10' 2'' x 7' 3'' (3.09m x 2.22m))
Storeroom (6' 11'' x 6' 7'' (2.11m x 2.01m))
Kitchenette (6' 2'' x 5' 2'' (1.89m x 1.57m))
WC (6' 7'' x 5' 2'' (2.01m x 1.57m))
Net Internal Area Approx:
62m2 (667sq ft).
The commercial unit is let at a rent of £950.00 per calendar month under a lease expiring in October 2025. We have been informed the tenant does not intend to stay on past this date.
Residential Flat (First Floor)
Accessed via a private hallway at ground floor level, with a WC under the stairs, leading to:-
Lounge (13' 4'' x 12' 5'' (4.06m x 3.79m))
With sliding door to:
Kitchen (8' 4'' x 7' 0'' (2.53m x 2.13m))
Fitted with a range of wall-hung and base units, the kitchen includes a worktop with inset stainless-steel sink and drainer, a built-in oven with four-ring gas hob above and space for under-counter appliances.
Bedroom (9' 5'' x 8' 4'' (2.86m x 2.53m))
Bedroom (13' 6'' x 13' 1'' (4.12m x 3.99m))
With built-in wardrobe.
Bedroom (13' 6'' x 7' 10'' (4.12m x 2.39m))
Shower Room
Fitted with a glass shower cubicle with mains shower, low-level WC and pedestal wash hand basin.
Tenure
Sold freehold subject to the commercial lease expiring October 2025 and vacant possession of the flat.
Price
Offers invited in the region of £285,000.
Business Rates
2023 List: £13,250.
Please note this is not the Rates Payable amount. Eligible occupiers will be able to claim Small Business Rates Relief. Interested parties are advised to make their own enquiries with the Local Billing Authority, Torbay Council.
Council Tax Band B
VAT
The property is not elected for VAT and therefore is not chargeable on rent.
Legal Costs
Each party will be responsible for their own legal costs unless expressly agreed otherwise.
EPC Ratings
Commercial Unit – C.
Flat- D.
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
St Marychurch is a desirable residential and commercial district of Torquay, situated within walking distance of local amenities and public transport links. The area benefits from strong footfall and a mix of independent retailers, professional services and residential occupiers.
A rare opportunity to acquire a mixed-use investment property in the heart of St Marychurch, Torquay. The property comprises a ground floor commercial unit currently occupied as a salon, together with a self-contained and recently renovated three-bedroom flat arranged over the upper floors.
The residential flat is currently vacant and ready for immediate occupation or letting. The property offers excellent income potential in a sought-after location.
A traditional corner plot building arranged over ground and first floors - Configured as follows:-
Commercial Unit (Ground Floor)
Currently operating as a salon and arranged as:
Retail Area (32' 0''x 11' 1'' (9.76m x 3.39m))
Treatment Room (12' 1'' x 13' 1''(3.69m x 3.99m))
Treatment Room (10' 2'' x 7' 3'' (3.09m x 2.22m))
Storeroom (6' 11'' x 6' 7'' (2.11m x 2.01m))
Kitchenette (6' 2'' x 5' 2'' (1.89m x 1.57m))
WC (6' 7'' x 5' 2'' (2.01m x 1.57m))
Net Internal Area Approx:
62m2 (667sq ft).
The commercial unit is let at a rent of £950.00 per calendar month under a lease expiring in October 2025. We have been informed the tenant does not intend to stay on past this date.
Residential Flat (First Floor)
Accessed via a private hallway at ground floor level, with a WC under the stairs, leading to:-
Lounge (13' 4'' x 12' 5'' (4.06m x 3.79m))
With sliding door to:
Kitchen (8' 4'' x 7' 0'' (2.53m x 2.13m))
Fitted with a range of wall-hung and base units, the kitchen includes a worktop with inset stainless-steel sink and drainer, a built-in oven with four-ring gas hob above and space for under-counter appliances.
Bedroom (9' 5'' x 8' 4'' (2.86m x 2.53m))
Bedroom (13' 6'' x 13' 1'' (4.12m x 3.99m))
With built-in wardrobe.
Bedroom (13' 6'' x 7' 10'' (4.12m x 2.39m))
Shower Room
Fitted with a glass shower cubicle with mains shower, low-level WC and pedestal wash hand basin.
Tenure
Sold freehold subject to the commercial lease expiring October 2025 and vacant possession of the flat.
Price
Offers invited in the region of £285,000.
Business Rates
2023 List: £13,250.
Please note this is not the Rates Payable amount. Eligible occupiers will be able to claim Small Business Rates Relief. Interested parties are advised to make their own enquiries with the Local Billing Authority, Torbay Council.
Council Tax Band B
VAT
The property is not elected for VAT and therefore is not chargeable on rent.
Legal Costs
Each party will be responsible for their own legal costs unless expressly agreed otherwise.
EPC Ratings
Commercial Unit – C.
Flat- D.
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
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