A great property investment offering a stable return all year round. Comprising a ground floor retail unit, which has been occupied for many years by its current tenant, and a first-floor, two-bedroom self-contained apartment, which has just been upgraded. This is available for owner occupation or to be rented, depending on the purchaser’s requirements. The location is desirable for both trade and living and is only a short walk to the city centre, harbour, and beach. This vibrant commercial/residential area of Torquay, Devon, is always in demand, and early viewings are highly recommended.
The premises are situated on Walnut Road, Torquay, which is a densely populated, desirable residential area. This road is occupied by a couple of dozen retail units, together with a supermarket. All units are let, with short-term free hours parking available outside all shops. The area is nearly level and is within short walking distance to the city centre, sea front, and train and bus stations.
ACCOMMODATION COMPRISES
GROUND FLOOR
RETAIL UNIT
This double-fronted retail unit benefits from substantial floor space, which has been subdivided into many treatment rooms for the tenant to practise their trade, which includes hairdressing, nail, and additional services.
The rateable value is £6,972, and thus does not qualify for any rates whatsoever for the tenant. The total VOA.gov.uk calculated floor space is approximately 71.9 square metres.
RESIDENTIAL APARTMENT
To the left-hand side of the retail unit is a large timber front door and stairs leading up to a first-floor landing with doors to:
KITCHEN / DINER
A large kitchen space with an array of wall and base fitted units, with an inset stainless-steel sink and drainer, and ample space for refrigeration units, washing/tumble dryer machines, dishwasher, and space for a large table and chairs. There is a large window to the side, creating much natural daylight.
BATHROOM
With a full-length bath with shower over, WC, and hand wash basin.
LOUNGE
3.88m x 3.67m
A wonderful space for a large sofa suite, table, chairs, coffee table, and a window to the rear.
BEDROOM 1
4.34m x 3.48m
A large double room with a window to the front.
BEDROOM 2
3.22m x 2.09m
A large single room with a window to the front.
SERVICES
We are advised that all the usual services are connected, but Ware Commercial have not carried out any testing of services to this property.
RATEABLE VALUE
Please make enquiries on the local valuation website (VOA) at www.voa.gov.uk (currently the property is fully exempt from business rates because of small business rates relief).
COUNCIL TAX
This two-bedroom residential apartment is rated band A.
TENURE
Freehold
