Offers over
£600,000
Property for saleUnion Street, Torquay TQ2
Freehold
About this property
High-Yielding Town Centre Commercial Investment
Let on a New 10 Year Term from February 2025. Rent: £58,000 Per Annum
Trading as Cue Sports Academy – a Premium Pool, Snooker, Darts & Live Sport Venue
Property Significantly (Internally / Externally) Refurbished
Business Unaffected, Investment Sale Only
High-Yielding Town Centre Commercial Investment. Let on a New Year Term from February 2025. Rent £58,000 Per Annum.
The property is prominently located on Union Street, Torquay’s principal town centre high street. Union Street is home to a wide variety of national and independent retailers, professional services and leisure operators. Torquay is the principal town within the English Riviera, a popular South Devon tourist destination, with a resident population in excess of 65,000. The town benefits from strong seasonal trade and an active local economy.
Nearby occupiers include My Dentist, McDonalds, Halifax, Torbay Council, and Merlin Cinema.
122–126 Union Street is a substantial and wide-fronted town centre commercial building, arranged over three main floors: Ground, lower ground, and first. The property has, in recent years, undergone significant internal and external refurbishment and upgrade (principally carried out by The Department for Work and Pensions).
The premises are now occupied by Cue Sports Academy. The tenant has invested substantial funds in creating a top class Sports Bar venue, offering Snooker, Pool, Darts, Live TV Sport and licensed bar.
The Accommodation
Ground Floor
Approx. 583m2 (6,275 sq ft)
Main entrance, open plan public/club space, with ancillary rooms and stairwell access.
First Floor
Approx. 169m2 (1,820 sq ft)
Staff/office areas, WCs, kitchen, and ancillary storage.
Lower Ground Floor
Approx. 444m2 (4,779 sq ft)
Additional function rooms, private lounge areas, and technical plant/facilities.
Total Area
Approx. 1,196m2 (12,874 sq ft).
The Tenant
The tenant is Cue Sports Academy Ltd. The venue is known for quality fit-out and modern social leisure offering, including licensed bar, lounge, and competition-grade tables.
The company has made a substantial investment into fitting out the property for their Torquay flagship venue, which includes full redecoration, specialist lighting, custom joinery, bar installation, acoustic treatment, CCTV and audio/visual systems. More about the operation can be found at:
Lease Details
Tenant: Cue Sports Academy Ltd.
Term: 10 years from 25th February 2025 (expiring 25th February 2035).
Rent: £58,000 per annum.
Repair: Full Repairing and Insuring (Fri).
Break Clause: Tenants option to break in February 2030.
Rent Deposit: The lease is supported by a £14,500 Rent Deposit.
Use: Class E - Commercial, Business and Service.
Rent Reviews: Rpi Linked Review at Fifth Anniversary; 25% Cap / 15% Coller (Minimum Increase).
Tenure
The property is held freehold, subject to the occupational lease to Cue Sports Academy Ltd.
VAT
The property is not opted for VAT.
VAT is not currently charged on rent, and a purchase will not, as stands, be subject to VAT.
EPC Rating C
Price
Offers in Excess of £600,000.
This represents a Net Initial Yield of approx. 9.2%, after allowing for standard purchaser’s costs of 5%.
Viewing
Viewings are strictly by prior appointment with the sole agents, Bettesworths.
Interested parties are requested to be respectful of the tenant’s ongoing business, which is unaffected by the investment sale.
The property is prominently located on Union Street, Torquay’s principal town centre high street. Union Street is home to a wide variety of national and independent retailers, professional services and leisure operators. Torquay is the principal town within the English Riviera, a popular South Devon tourist destination, with a resident population in excess of 65,000. The town benefits from strong seasonal trade and an active local economy.
Nearby occupiers include My Dentist, McDonalds, Halifax, Torbay Council, and Merlin Cinema.
122–126 Union Street is a substantial and wide-fronted town centre commercial building, arranged over three main floors: Ground, lower ground, and first. The property has, in recent years, undergone significant internal and external refurbishment and upgrade (principally carried out by The Department for Work and Pensions).
The premises are now occupied by Cue Sports Academy. The tenant has invested substantial funds in creating a top class Sports Bar venue, offering Snooker, Pool, Darts, Live TV Sport and licensed bar.
The Accommodation
Ground Floor
Approx. 583m2 (6,275 sq ft)
Main entrance, open plan public/club space, with ancillary rooms and stairwell access.
First Floor
Approx. 169m2 (1,820 sq ft)
Staff/office areas, WCs, kitchen, and ancillary storage.
Lower Ground Floor
Approx. 444m2 (4,779 sq ft)
Additional function rooms, private lounge areas, and technical plant/facilities.
Total Area
Approx. 1,196m2 (12,874 sq ft).
The Tenant
The tenant is Cue Sports Academy Ltd. The venue is known for quality fit-out and modern social leisure offering, including licensed bar, lounge, and competition-grade tables.
The company has made a substantial investment into fitting out the property for their Torquay flagship venue, which includes full redecoration, specialist lighting, custom joinery, bar installation, acoustic treatment, CCTV and audio/visual systems. More about the operation can be found at:
Lease Details
Tenant: Cue Sports Academy Ltd.
Term: 10 years from 25th February 2025 (expiring 25th February 2035).
Rent: £58,000 per annum.
Repair: Full Repairing and Insuring (Fri).
Break Clause: Tenants option to break in February 2030.
Rent Deposit: The lease is supported by a £14,500 Rent Deposit.
Use: Class E - Commercial, Business and Service.
Rent Reviews: Rpi Linked Review at Fifth Anniversary; 25% Cap / 15% Coller (Minimum Increase).
Tenure
The property is held freehold, subject to the occupational lease to Cue Sports Academy Ltd.
VAT
The property is not opted for VAT.
VAT is not currently charged on rent, and a purchase will not, as stands, be subject to VAT.
EPC Rating C
Price
Offers in Excess of £600,000.
This represents a Net Initial Yield of approx. 9.2%, after allowing for standard purchaser’s costs of 5%.
Viewing
Viewings are strictly by prior appointment with the sole agents, Bettesworths.
Interested parties are requested to be respectful of the tenant’s ongoing business, which is unaffected by the investment sale.
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