£30,000 pa
(£2,500 pcm)
Property to letEsplanade Road, Paignton TQ4
About this property
Prime Commercial Unit in Prominent Seaside Location
Highly Visible Unit on Paignton Seafront in Prime Location
Gia Approx. 228m2 Potential to Install Mezz Approx. 65m2
Adjacent to the Popular Costero Lounge & Vue Cinema
Shell Condition Ready for Tenants Fit Out
Prime Commercial Unit in Prominent Seaside Location. Shell Condition Ready for Tenants Fit Out.
Paignton is a well-established seaside town situated on the South Devon coast, forming part of the celebrated English Riviera alongside Torquay and Brixham. The town benefits from excellent transport links, including the A380 which connects to the M5 motorway, as well as a mainline railway station offering direct services to Exeter, Plymouth and London Paddington.
Paignton’s seafront is renowned for sandy beaches, vibrant pier and picturesque coastal scenery, making it a popular destination for tourists and residents alike. Festival Theatre is positioned in a prime location, connecting Paignton’s seafront promenade to the bottom of the High Street and trading area, referred to as Paignton’s ‘Golden Mile’.
This location is surrounded by a variety of tourist focussed attractions and establishments, as well as national occupiers, Vue Cinema and Loungers.
This is a rare opportunity to acquire a unit in one of Paignton’s most prominent locations. The unit is available by way of a Sub-lease for a term to be agreed, up to July 2034. The space is in shell condition and is ready for a tenants fit out.
The unit offers large open space with a wide curved frontage onto Esplanade Road. The unit benefits from a double height section to the rear, which could either be used for higher height requirement uses or could be suitable for the installation of a mezzanine floor (subject to consent). The unit is already connected to ladies and gents WC facilities, but these would need renovating.
Frontage:
19.87m
Depth (Max):
18.58m
Gross Internal Area:
228m2 (2,454 sq ft)
Tenure
The property is available by way of a new sublease, up to July 2034 and outside the lta 1954.
All leases will need consent of Lounger’s landlord and the head landlord (Torbay Council).
Rent
£30,000 per annum, exclusive.
Use Class
Class E: Commercial, Business and Service.
Alternative uses requiring a change of use, will be considered (subject to necessary consent).
Business Rates
We believe the unit is part of a larger rateable demise and would need to be revalued once a letting has been completed.
VAT
The property is elected for VAT and therefore is chargeable on rent.
EPC Rating D
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
Paignton is a well-established seaside town situated on the South Devon coast, forming part of the celebrated English Riviera alongside Torquay and Brixham. The town benefits from excellent transport links, including the A380 which connects to the M5 motorway, as well as a mainline railway station offering direct services to Exeter, Plymouth and London Paddington.
Paignton’s seafront is renowned for sandy beaches, vibrant pier and picturesque coastal scenery, making it a popular destination for tourists and residents alike. Festival Theatre is positioned in a prime location, connecting Paignton’s seafront promenade to the bottom of the High Street and trading area, referred to as Paignton’s ‘Golden Mile’.
This location is surrounded by a variety of tourist focussed attractions and establishments, as well as national occupiers, Vue Cinema and Loungers.
This is a rare opportunity to acquire a unit in one of Paignton’s most prominent locations. The unit is available by way of a Sub-lease for a term to be agreed, up to July 2034. The space is in shell condition and is ready for a tenants fit out.
The unit offers large open space with a wide curved frontage onto Esplanade Road. The unit benefits from a double height section to the rear, which could either be used for higher height requirement uses or could be suitable for the installation of a mezzanine floor (subject to consent). The unit is already connected to ladies and gents WC facilities, but these would need renovating.
Frontage:
19.87m
Depth (Max):
18.58m
Gross Internal Area:
228m2 (2,454 sq ft)
Tenure
The property is available by way of a new sublease, up to July 2034 and outside the lta 1954.
All leases will need consent of Lounger’s landlord and the head landlord (Torbay Council).
Rent
£30,000 per annum, exclusive.
Use Class
Class E: Commercial, Business and Service.
Alternative uses requiring a change of use, will be considered (subject to necessary consent).
Business Rates
We believe the unit is part of a larger rateable demise and would need to be revalued once a letting has been completed.
VAT
The property is elected for VAT and therefore is chargeable on rent.
EPC Rating D
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
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