Mixed use for sale
Property description & features
- Mixed Use Retail & Residential Investment
- Much Sought After, Busy Roadside Location Directly Opposite Lidl Supermarket
- Generous Size Two Bedroom Apartment Letting Agreed at £750 PM
- Retail Unit Let to an Established Tenant Trading as a Ladies & Gents Hairdressers
- Current Rental Income £19,200 Per Annum With Scope for Rental Growth
St Marychurch Road is also a main thoroughfare road linking Torquay town centre with Babbacombe, St Marychurch and Watcombe areas of Torquay.
Nearby occupiers include pubs, several takeaways, convenience store, pharmacy and other independent retailers. The property is situated directly opposite the very busy Lidl Supermarket.
The property is a mid terrace, mixed use property. The ground floor comprises a retail shop arranged as a salon. The residential accommodation over (access from the rear) is independent and comprises a large two bedroom flat, accessed from Fourtune Way to the rear.
RETAIL UNIT
SHOP FRONTAGE - 19' 0'' x 29' 10'' (5.8m x max depth 9.1m)
With KITCHENETTE & WC.
NET INTERNAL AREA
Approximately 55m2 (592 sq ft).
121a ST MARYCHURCH ROAD
Access from Fourtune Way at the rear. Stairs and inner hall leads to:-
LANDING
With storage cupboard.
LOUNGE - 12' 9'' x 14' 11'' (3.89m x 4.55m)
CONNECTED KITCHEN - 12' 1'' x 5' 0'' (3.68m x 1.53m)
BEDROOM 1 - 12' 3'' x 5' 10'' (3.73m x 1.78m)
BEDROOM 2 - 11' 9'' x 9' 2'' (3.58m x 2.80m)
BATHROOM
With bath and shower over, WC and wash hand basin.
TENURE
The property is being sold Freehold, subject to the commercial lease and the residential Assured Shorthold Tenancy.
COMMERCIAL LEASE
The retail unit is Let on a commercial Lease for a term of 6 years from 2023. The passing rent is £10,200 per annum.
121a ST MARYCHURCH ROAD
Will be occupied under an Assured Shorthold Tenancy at £750 per calendar month.
LEGAL COSTS
Each party are to bear their own costs incurred in any transaction.
VIEWING
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths. All interested parties are politely requested to respect the tenants' quiet enjoyment of the property.
EPC RATINGS
121 St Marychurch Road - C. 121A St Marychurch Road - E.
Tenure: Freehold
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