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Torquay Road, Paignton £269,950

  • A FREEHOLD MIXED COMMERCIAL & RESIDENTIAL INVESTMENT PROPERTY
  • DOUBLE FRONTED RETAIL SHOP
  • STORE ROOMS/OFFICES
  • KITCHEN & CLOAKS/WC
  • 3 SELF CONTAINED FLATS comprising:
  • 1 BED FLAT, KIT/DINER, LOUNGE, BATH & SEP WC
  • 1 BED FLAT, L/DINER, KIT, BATH/WC
  • 1 BED FLAT, LOUNGE, KIT, BATH & SEP WC
  • SELF-CONTAINED WITH BALCONY ENTRANCE AT REAR
  • GENERATING £26,104 Rental Income p.a.

A FREEHOLD MIXED COMMERCIAL & RESIDENTIAL INVESTMENT PROPERTY located in centre of Preston COMPRISING: Double Fronted RETAIL SHOP with STORE ROOMS/OFFICES, KITCHEN & CLOAKS/WC and 3 SELF-CONTAINED 1 Bed FLATS GENERATING GOOD RENTAL INCOME


Torquay Road
Paignton TQ3 2EU
County: Devon
Sale Type: For Sale
Ref #: COMAE26

A FREEHOLD MIXED COMMERCIAL & RESIDENTIAL INVESTMENT PROPERTY

located in the centre of Preston, occupying a very prominent position fronting the main thoroughfare with all amenities including Shops, Buses and the Sea Front within level walking distance. This is an ideal opportunity to acquire this substantial and diversified property comprising a RETAIL SHOP (Currently let to Vapour Station on a new 5 year Lease) plus 3 x ONE BEDROOM FLATS above, all currently let on AST agreements to longstanding tenants, as a whole unit generating an income of £25,104 p.a.

GROUND FLOOR - 284 TORQUAY ROAD, PRESTON PAIGNTON

(Let to VAPOUR STATION)

MAIN RETAIL SHOP. Double fronted with central door.

46' 2'' x 24' 3'' (14.06m x 7.39m) (Approx. 1,200 sq.ft)

Suspended ceiling, laminate flooring. Open plan to:

KITCHEN/WORKSTATION AREA

12' 7'' x 9' 4'' (3.83m x 2.84m)

CLOAKS/WC

with low level WC and wash hand basin.

INNER HALL/LOBBY

with rear exit door.

OFFICE

8' 9'' x 6' 5'' (2.66m x 1.95m)

STORE ROOM 1

11' 0'' x 9' 10'' (3.35m x 2.99m)

STORE ROOM 2

13' 2'' x 8' 0'' (4.01m x 2.44m)

"Stelflow" hot water cylinder with electric immersion.

FIRST FLOOR

The self-contained flats are approached via a rear service lane with steps up to a sun terrace area with entrances to each flat.

A FREEHOLD MIXED COMMERCIAL & RESIDENTIAL INVESTMENT PROPERTY

located in the centre of Preston, occupying a very prominent position fronting the main thoroughfare with all amenities including shops, buses and the Sea Front within level walking distance. This is an ideal opportunity to acquire this substantial and diversified property comprising a RETAIL SHOP (currently let to Vapour Station on a new 5 year Lease) PLUS 3 x ONE BEDROOM FLATS above, currently let on Assured Shorthold Tenancy Agreements to long standing Tenants, as a whole unit generating an income of £26,104.22 p.a.)

282a TORQUAY ROAD

Spacious entrance hallway/lobby. Lounge/Dining Room, Kitchen, Double Bedroom,Bathroom/WC

284c TORQUAY ROAD

Communal Entrance Porch (shared with 282b), Kitchen/Diner, Lounge, Double Bedroom, Bathroom & Separate WC.

282b TORQUAY ROAD

Communal Entrance Porch (shared with 284c). Entrance Hallway, Lounge, Kitchen, Double Bedroom, Bathroom/WC.

TENURE FREEHOLD

INCOME

RETAIL SHOP

Currently let to Vapour Station on a new 5 year Lease at £9,500 p.a.

282a TORQUAY ROAD

Currently let on an Assured Shorthold Tenancy Agreement at £5,820.30 per annum.

282b TORQUAY ROAD

Currently let on an Assured Shorthold Tenancy at £5,719.92

284c TORQUAY ROAD

Currently let on an Assured Shorthold Tenancy at £5,064,00

COUNCIL TAX BANDS:

282a Torquay Road - Band A 282b Torquay Road - Band A 284c Torquay Road - Band A RATEABLE VALUE (RETAIL SHOP) - £12,500p.a. 2017 LIST PLEASE NOTE: This is not Rates payable. Qualifying Small Businesses will be eligible for Rates Relief.

TENURE: FREEHOLD

VIEWING - BARBETS - Telephone 01803-526262

AGENTS NOTE

Also holds the freehold interest of 282 Torquay Road (Bartletts refrigeration) subject to a 999 year lease from 24th June 1992 at a peppercorn ground rent.

ENERGY RATINGS

282a - EPC G 282b - EPC F 284C - EPC F RETAIL SHOP - EPC C


Torquay Road
Paignton TQ3 2EU
County: Devon
Sale Type: For Sale
Ref #: COMAE26

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Torquay Road
Paignton TQ3 2EU
County: Devon
Sale Type: For Sale
Ref #: COMAE26
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