£235,000
Property for saleLucius Street, Torquay TQ2
Freehold
About this property
Mixed Use Investment Freehold For Sale
Comprising a 1-Bedroom Flat, Retail Unit and Storage Unit
All 3 Units Let Generating a Gross Rental Income of £21,000 Per Annum
Commercial Units Let on 3 Year Leases
Residential Flat Recently Renovated to a Good Standard
Mixed Use Investment Freehold For Sale. Comprising a 1-Bedroom Flat, Retail Unit & Storage Unit.
Lucius Street is a well-established, edge of town centre shopping parade in Torquay, South Devon. Lucius Street has a vibrant mix of independent occupiers including retailers, professional services and office users.
Being located close to the main town centre of Torquay, the seafront and the principle arterial routes of the town, Lucius Street is a very convenient trading location.
16 Lucius Street is a mixed-use investment property, currently fully let. The property is comprised of a self-contained 1-bedroom flat on the top floor, retail/ office accommodation on the ground floor and a workshop/ storage unit on the lower ground floor.
The flat has been finished to a good standard for holiday accommodation purposes. The flat has now been let on an AST to a residential tenant.
The retail unit/ office has been let on a 3-year commercial lease. The lower ground floor workshop/ store is approximately 125m², with vehicular access via Scarborough Place. This unit has also been let on a 3-year commercial lease.
Retail/ Office Unit
Retail/Office (29' 3'' x 13' 4'' (8.91m x 4.06m))
Rear Office (9' 7'' x 8' 6'' (2.93m x 2.60m))
Kitchenette (15' 5'' x 8' 0'' (4.70m x 2.44m))
WC
Workshop / Storage Unit
Storeroom (10' 5'' x 6' 9'' (3.17m x 2.07m))
Storeroom (24' 8'' x 10' 6'' (7.53m x 3.20m))
Garage (61' 11'' x 17' 8'' (18.87m x 5.39m))
With roller shutter door providing vehicular access from Scarborough Place. Space for up to 6 cars.
WC
Residential Accommodation
Access from Lucius Street.
Hallway
Stairs leading to:-
Bathroom (8' 1'' x 6' 2'' (2.46m x 1.88m))
Open Living Area (17' 11'' x 13' 7'' (5.45m x 4.13m))
With access out to a sun deck overlooking the rear of the property.
Kitchen (13' 1'' x 7' 5'' (4.00m x 2.26m))
Bedroom (12' 11'' x 10' 3'' (3.94m x 3.13m))
Tenure
Freehold subject to the 3 year commercial leases of the 2x commercial units and the AST of the residential unit.
Price
An asking price of £235,000.
Rent Schedule
Workshop/ Store - £500pcm.
Retail/ Office - £500pcm.
Flat - £750pcm.
Utilities
The property is connected to electric and water supplies. The commercial and residential unit share one water meter. Each unit is on an independent electric sub meter.
Business Rates
2023 List: £7,500.
Please note this is not Rates Payable. Parties needing further advice on the rates payable are advised to speak to the Agents, Bettesworths.
Council Tax
Band A.
EPC Ratings
16 Lucius Street – C.
16a Lucius Street – E.
Lucius Street is a well-established, edge of town centre shopping parade in Torquay, South Devon. Lucius Street has a vibrant mix of independent occupiers including retailers, professional services and office users.
Being located close to the main town centre of Torquay, the seafront and the principle arterial routes of the town, Lucius Street is a very convenient trading location.
16 Lucius Street is a mixed-use investment property, currently fully let. The property is comprised of a self-contained 1-bedroom flat on the top floor, retail/ office accommodation on the ground floor and a workshop/ storage unit on the lower ground floor.
The flat has been finished to a good standard for holiday accommodation purposes. The flat has now been let on an AST to a residential tenant.
The retail unit/ office has been let on a 3-year commercial lease. The lower ground floor workshop/ store is approximately 125m², with vehicular access via Scarborough Place. This unit has also been let on a 3-year commercial lease.
Retail/ Office Unit
Retail/Office (29' 3'' x 13' 4'' (8.91m x 4.06m))
Rear Office (9' 7'' x 8' 6'' (2.93m x 2.60m))
Kitchenette (15' 5'' x 8' 0'' (4.70m x 2.44m))
WC
Workshop / Storage Unit
Storeroom (10' 5'' x 6' 9'' (3.17m x 2.07m))
Storeroom (24' 8'' x 10' 6'' (7.53m x 3.20m))
Garage (61' 11'' x 17' 8'' (18.87m x 5.39m))
With roller shutter door providing vehicular access from Scarborough Place. Space for up to 6 cars.
WC
Residential Accommodation
Access from Lucius Street.
Hallway
Stairs leading to:-
Bathroom (8' 1'' x 6' 2'' (2.46m x 1.88m))
Open Living Area (17' 11'' x 13' 7'' (5.45m x 4.13m))
With access out to a sun deck overlooking the rear of the property.
Kitchen (13' 1'' x 7' 5'' (4.00m x 2.26m))
Bedroom (12' 11'' x 10' 3'' (3.94m x 3.13m))
Tenure
Freehold subject to the 3 year commercial leases of the 2x commercial units and the AST of the residential unit.
Price
An asking price of £235,000.
Rent Schedule
Workshop/ Store - £500pcm.
Retail/ Office - £500pcm.
Flat - £750pcm.
Utilities
The property is connected to electric and water supplies. The commercial and residential unit share one water meter. Each unit is on an independent electric sub meter.
Business Rates
2023 List: £7,500.
Please note this is not Rates Payable. Parties needing further advice on the rates payable are advised to speak to the Agents, Bettesworths.
Council Tax
Band A.
EPC Ratings
16 Lucius Street – C.
16a Lucius Street – E.
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