Shop for sale
Property description & features
- Tenure: Freehold
- Potential Separate Residential Apartment
- Offered Without Onward Chain
- Outdoor Space for Residential Unit
- Possibility of Off-road Parking
- Attractive Rental Yields
- Prime Location on Old Mill Road
- High Foot Traffic Area
- Proximity to Amenities & Schools
Notably, the rear portion of the residential apartment offers outdoor space, adjoining a private lane and Sherwell Park. If the necessary permissions and consents are obtained, this space may be used as an off-road parking area. In addition to its gas supply, this property offers an attractive investment opportunity for astute landlords.
Projected rental yields for the premises are promising. The commercial unit is anticipated to fetch £650 per calendar month, while the residential apartment can command £700 per calendar month. This is based on the floor plan provided.
Ideally situated within the bustling parade of old mill shops in Chelston, the property benefits from a prime location on Old Mill Road. This is characterized by substantial foot traffic. Surrounding the vicinity is a highly populated residential area, coupled with its status as a tourist hotspot. Further enhancing its appeal is its proximity to Cockington primary school, Torquay seafront, and the convenience of the nearby train station.
Tenure: Freehold
The current owner has informed us that the property is titled freehold.
Rateable value:
£4,050
This is the rateable value for the property. It is not what you pay in business rates or rent. Your local council uses the rateable value to calculate the business rates bill. Please contact the local authority as you may be entitled to 100% small business rates relief.
Rooms
Shop
It is conveniently located on Old Mill Road and features a prominent entry facilitated by a glazed door, which allows seamless access to the inviting shop front. A spacious interior is illuminated by a sizable glazed window, enhancing visibility and appeal to potential clients. Additionally, a back office area is accessible via a connecting hallway or storage room. This versatile space offers potential for subdivision, with the option to create distinct zones for both the commercial unit and a prospective residential apartment.
Residential apartment
The residential apartment, envisioned to occupy the rear portion of the unit, adheres to the layout delineated in the supplied floor plan. Comprising a lounge/diner at the rear, alongside a kitchen, a bedroom, and a shower room. Access points into the apartment are strategically positioned, facilitating entry from both the hallway and the lounge/diner. Moreover, outdoor space amplifies this property's appeal. Access is facilitated through a private lane adjacent to Sherwell Park, running parallel to Old Mill Road.
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Property reference CS0002. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Daniel Hobbin Estate Agents - Torquay.
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Broadband availability and predicted speed: obtained from Ofcom on April 19, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on April 19, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on December 28, 2017 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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