£130,000
Property for saleRoundhill Road, Torquay TQ2
Freehold
About this property
Purpose Built Ground Floor Commercial Unit
Net Internal Area of Approx. 629 sq ft (58.4 sq m)
Income Producing Investment Let Until November 2028
Passing Rent £11,500 Per Annum – Trading as a Hairdressers
Located in a Retail Parade with Parking to Rear
Purpose Built Ground Floor Commercial Unit. Income Producing Investment Let Until November 2028.
30 Roundhill Road occupies a position within a purpose-built retail parade situated in a predominantly residential area of Torquay. This location benefits from a strong an affluent surrounding residential catchment and local convenience shoppers.
The parade features a mix of national and independent occupiers including Co-op Food, Barnardo’s, and several other local businesses. It is an ideal location for neighbourhood retail and services and would appeal to investors looking for secure income in a well-established trading position with local amenities and schools nearby.
The property is a ground floor commercial premises forming part of a retail parade with flats over. Constructed with a contemporary retail frontage, the unit offers well-proportioned retail or office accommodation extending to approximately 629 sq ft (58.4 sq m) on a net internal basis. The unit is currently let on a commercial lease providing an excellent investment opportunity. The premises benefit from independent electricity and water connections, and there is estate-managed communal parking located to the rear of the property for both customers and occupiers.
Accommodation
The unit is approximately 629 sq ft (58.4 sq m). Arranged as a hairdressing salon by the current tenant.
Tenure
The property is available on a new 999-year long leasehold interest, subject to the existing commercial tenancy.
Tenancy
Let on a 10-year commercial lease expiring November 2028.
Passing Rent: £11,500 per annum.
Sale Price
£130,000 + VAT.
Business Rates
2023 List: £9,000.
Please note this is not the rates payable amount. The current tenant is responsible for any rates payable.
VAT
The property is elected for VAT.
Legal Costs
Each party will be responsible for their own legal costs unless expressly agreed otherwise.
EPC Rating D
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
30 Roundhill Road occupies a position within a purpose-built retail parade situated in a predominantly residential area of Torquay. This location benefits from a strong an affluent surrounding residential catchment and local convenience shoppers.
The parade features a mix of national and independent occupiers including Co-op Food, Barnardo’s, and several other local businesses. It is an ideal location for neighbourhood retail and services and would appeal to investors looking for secure income in a well-established trading position with local amenities and schools nearby.
The property is a ground floor commercial premises forming part of a retail parade with flats over. Constructed with a contemporary retail frontage, the unit offers well-proportioned retail or office accommodation extending to approximately 629 sq ft (58.4 sq m) on a net internal basis. The unit is currently let on a commercial lease providing an excellent investment opportunity. The premises benefit from independent electricity and water connections, and there is estate-managed communal parking located to the rear of the property for both customers and occupiers.
Accommodation
The unit is approximately 629 sq ft (58.4 sq m). Arranged as a hairdressing salon by the current tenant.
Tenure
The property is available on a new 999-year long leasehold interest, subject to the existing commercial tenancy.
Tenancy
Let on a 10-year commercial lease expiring November 2028.
Passing Rent: £11,500 per annum.
Sale Price
£130,000 + VAT.
Business Rates
2023 List: £9,000.
Please note this is not the rates payable amount. The current tenant is responsible for any rates payable.
VAT
The property is elected for VAT.
Legal Costs
Each party will be responsible for their own legal costs unless expressly agreed otherwise.
EPC Rating D
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
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