£800,000

Property

Torquay, TQ2

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First listed on: 13th April 2023

Nearest stations:

  • Torquay (0.7 mi)
  • Torre (1 mi)
  • Paignton (2.7 mi)
  • Newton Abbot (5.5 mi)
  • Teignmouth (5.9 mi)

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Call: See phone number 01803 212021

Property Features

  • Town Centre, Mixed Use Investment Opportunity
  • Recently Subject to Extensive and High Specification Conversion & Refurbishment Works
  • Large, Prominent Corner Retail Unit Now Let to O2 (From March 2023)
  • 4 Newly Created Smart Residential Flats Over
  • An Income of £64,000 Per Annum When Fully Let

Property Description

Tenure: Freehold

Torquay is a large and well-known resort town on the south coast of Devon. Torquay, along with the neighbouring towns of Paignton and Brixham make up the wider conurbation of Torbay.

Torquay has a thriving marina, harbour, coastline and is home to an affluent local population, boosted in the summer months by an influx of tourists.

The property is situated on a corner location in the pedestrianised pitch of Union Street between the junction with Market Street and its connection with Fleet Street.

Union Street is Torquay's principle shopping high street and this section of Union Street is considered to be 100% prime. Nearby occupiers include Primark, Superdrug, Vodafone, Three, WHSmiths and Waterstones.

The property comprises a large ground floor retail unit with prominent corner and return frontage to Union Street and Union Lane to the side.

The ground floor has recently been let on a new 5 year (unbroken) lease term to O2.

The upper parts, previously ancillary, have been converted within the last year to create four apartments.

The combined rental income when let will be £64,000 per annum.

Property Features

  • Town Centre, Mixed Use Investment Opportunity
  • Recently Subject to Extensive and High Specification Conversion & Refurbishment Works
  • Large, Prominent Corner Retail Unit Now Let to O2 (From March 2023)
  • 4 Newly Created Smart Residential Flats Over
  • An Income of £64,000 Per Annum When Fully Let

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Price History

Listed prices are those submitted to us and may not reflect the actual selling price of this property.

Date History Details
05/05/2023 Property listed at £800,000
14/04/2023 Property listed at £850,000

Disclaimer

Disclaimer Property reference 13172TQ1_11910998. Details are provided and maintained by Bettesworths Estate Agents. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by:
Bettesworths Estate Agents, Torquay

29-30 Fleet Street

Torquay

Devon

TQ1 1BB

Tel: See phone number 01803 212021

Arrange Viewing with AgentArrange Viewing Check AffordabilityCheck Affordability

Disclaimer

Disclaimer Property reference 13172TQ1_11910998. Details are provided and maintained by Bettesworths Estate Agents. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

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This property is marketed by:
Bettesworths Estate Agents, Torquay

29-30 Fleet Street

Torquay

Devon

TQ1 1BB

Tel: See phone number 01803 212021

Arrange Viewing with AgentArrange Viewing Check AffordabilityCheck Affordability
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