A wonderful opportunity to acquire a mixed retail & residential investment which is ideally located within St Marychurch precinct, Torquay, Devon. Both benefitting from established tenants and generating a good income for the owners. The retail unit is both spacious and prime located within the precinct together with a well-established Tennant and the apartment above is a spacious 3 x bedroom with its own entrance to the side. This is an ideal investment with good capital appreciation, approx. rental income and far better than any bank deposit! Early viewings are highly recommended.
LOCATION
Located in a bustling, affluent part of Torquay, surrounded by independent shops, cafés, and boutique retailers, the area is known for its friendly, village-like feel and attractive al fresco atmosphere. Convenient short-term and pay-as-you-go parking is available nearby, and excellent transport links put both Torquay town centre and Exeter (with its motorway access, rail connections, and airport) within easy reach.
RETAIL UNIT
A double fronted retail unit with direct access of the main precinct.
MAIN RETAIL AREA 1
8.45m x 4.45m
RETAIL AREA 2
4.01m x 3.29m
REAR CORRIDOR
Doors leading to
KITCHENETTE / STORE
2.50m x 2.30m
COURTYARD
A good-sized courtyard with access to the rear and to
TOILET
With WC and wash hand basin.
APARTMENT
This is accessed from a separate door and step from the rear of the premises.
A small vestibule which leads to
KITCHEN
3.95m x 2.29m
A lovely open plan kitchen which is comprehensively equipped and with glazed door and windows making this bright and airy. With a breakfast bar and plenty of space for a fridge/freezer, dishwasher washing machine and much more.
INNEER HALLWAY
A spacious area with space for an office desk, chair, storage, turning staircase to upper floor and doors to
BATHROOM
This fully tiled bathroom benefits from a full-length bath with a shower over, WC, wash hand basin and window to the rear.
BEDROOM 1
4.10m x 2.47
A large double room with built in wardrobes and a glazed door leading out to a terrace.
LOUNGE / DINER
4.83m x 3.95m
A lovely large space with windows to the front and ample space for a sofa suite, coffee table, dining table and chairs.
FIRST FLOOR
BEDROOM 2
3.67m x 2.84
A single room with a window to the rear.
BEDROOM 3
4.91m x 3.38m
A large double room with window to the front.
SERVICES
Mains electricity, gas, water and drainage are all connected. However, no testing of these services has been undertaken by the agents, Ware Commercial.
BUSINESS RATES
Please make your inquiries with the local authority for an up-to-date rates assessment. Visit the VOA website at www.voa.co.uk (currently, the property is fully exempt from business rates because of small business rates relief).
TENURE
Freehold
RENTAL INCOME
The gross income from both the retail unit and apartment is approx. £19,000 PA.
