£165,000
Property for saleTorquay TQ1
Just added
Freehold
About this property
Substantial Mixed-Use Freehold Investment in Heart of St Marychurch
For Sale After 40 Years
Net Retail Internal Area Approx 115m2 (1,237 sq ft)
Two Double Bedroom Flat Over - Currently Let at £750 pcm
Potential for Further Residential Development of Rear Areas (Previous Consent Granted)
Substantial Mixed-Use Freehold Investment in Heart of St Marychurch For Sale After 40 Years.
The property is located on the very popular and vibrant St Marychurch Precinct in Torquay. The Precinct is a long established home to many diverse, independent businesses from retail, services, professional services, catering and leisure. The Precinct serves not just the immediate local vicinity but also attracts shoppers and visitors from further afield, as well as being popular with tourists visiting Torquay.
The property comprises a large ground floor retail unit, notable for having traded as Drowers Ironmongers for many years.
Over the retail accommodation, separately accessed from Fore Street and totally self-contained, is a large two double bedroom flat, which is currently let at a rent of £750 per calendar month.
Accessed from the rear of the property are further first floor store rooms. These have previously had consent to be converted to residential or could be adapted using the rear of the retail unit to create multiple units or a house, subject to necessary consents.
Ground Floor Lock Up Retail Shop
Approximately 115m2 (1,237 sq ft).
With store & WC.
The shop is offered with Vacant Possession.
83A Fore Street - 2 Double Bedroom Flat
Double bedroom.
Double bedroom.
Bath & shower room.
Kitchen.
Living room.
Roof terrace.
Currently let to a long-term tenant at a rent of £750 per calendar month.
Unconverted Stores
To the rear of the property, accessed from Rowley Road is an existing store which has potential to be converted to residential accommodation. Likewise, the rear of the ground floor retail unit has potential for residential conversion, either separately to the above or as part of a larger single two storey dwelling.
This potential is subject to necessary consents, although we are informed by our client that residential consent has been granted over this area in the past. We have not confirmed the extent of this consent.
Business Rates
The commercial element has the following Rateable Value:-
2026 List: £9,500.
Please note this is not Rates Payable. Qualifying Small Businesses will be eligible for 100% Small Business Rate Relief. Interested parties are advised to make their own enquiries with the Local Billing Authority, Torbay Council.
Council Tax
83A Fore Street - A.
EPC Rating C
Viewing
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.
The property is located on the very popular and vibrant St Marychurch Precinct in Torquay. The Precinct is a long established home to many diverse, independent businesses from retail, services, professional services, catering and leisure. The Precinct serves not just the immediate local vicinity but also attracts shoppers and visitors from further afield, as well as being popular with tourists visiting Torquay.
The property comprises a large ground floor retail unit, notable for having traded as Drowers Ironmongers for many years.
Over the retail accommodation, separately accessed from Fore Street and totally self-contained, is a large two double bedroom flat, which is currently let at a rent of £750 per calendar month.
Accessed from the rear of the property are further first floor store rooms. These have previously had consent to be converted to residential or could be adapted using the rear of the retail unit to create multiple units or a house, subject to necessary consents.
Ground Floor Lock Up Retail Shop
Approximately 115m2 (1,237 sq ft).
With store & WC.
The shop is offered with Vacant Possession.
83A Fore Street - 2 Double Bedroom Flat
Double bedroom.
Double bedroom.
Bath & shower room.
Kitchen.
Living room.
Roof terrace.
Currently let to a long-term tenant at a rent of £750 per calendar month.
Unconverted Stores
To the rear of the property, accessed from Rowley Road is an existing store which has potential to be converted to residential accommodation. Likewise, the rear of the ground floor retail unit has potential for residential conversion, either separately to the above or as part of a larger single two storey dwelling.
This potential is subject to necessary consents, although we are informed by our client that residential consent has been granted over this area in the past. We have not confirmed the extent of this consent.
Business Rates
The commercial element has the following Rateable Value:-
2026 List: £9,500.
Please note this is not Rates Payable. Qualifying Small Businesses will be eligible for 100% Small Business Rate Relief. Interested parties are advised to make their own enquiries with the Local Billing Authority, Torbay Council.
Council Tax
83A Fore Street - A.
EPC Rating C
Viewing
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.
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Monthly repayment
£825 per month
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