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Property
Features and description
- Opportunity to Purchase a Fully Let Retail Investment
- Current Rental Income of £64,550 Per Annum
- Freehold Including 10 x Units With 5 Sold Off on Long Leaseholds
- 5x Retail Units Let on Commercial Leases
- Located in High Value Residential Area
Opportunity to Purchase a Fully Let Retail Investment. Current Rental Income of £64,550 Per Annum.
Located on Roundhill Road, the sole commercial parade in the area of Livermead, Torquay. Livermead is an affluent residential area, located between Torquay and Paignton.
Torquay is seaside town on the South Coast, with a resident population of approximately 52,000 but seeing an influx of visitors in the Summer months. Torquay combined with the neighbouring towns of Paignton and Brixham forms Torbay, with a resident population of approximately 140,000.
Torbay has strong transport links with its connection to the A38 which links to the M5 at Exeter. Torquay’s train station is located just 1 mile away from the property, which links to major routes at Newton Abbot on towards Plymouth, Exeter and beyond.
The property is a terrace of 1960’s purpose-built shops with 4x apartments on the first floor. The freehold retains control of the 5 commercial units from 22-32 and the external areas. The residential accommodation and current Co-op Store have all been sold off on long leaseholds.
The Co-op and Barnardo’s draw considerable traffic to the area, which benefits the smaller independent occupiers along the parade. Most of the current occupiers are service providers, drawing customers and clients from a large demographic and area.
To the front of the property is a pleasant enhanced slabbed pavement which businesses may utilise for display and seating areas. To the rear of the property is a private car park, which can be utilised by the commercial occupiers and customers.
AREAS
See attached details tenancy schedule overleaf.
EXTERIOR
To the rear of the property there is a Large Car Park and Communal Space. Each of the shops has two parking spaces at the rear.
TENURE
The Estate is being sold freehold, subject to the Commercial Occupational Leases and Long Leasehold titles. Tenancy Schedule attached.
EPC'S
Address EPC Rating 18-20 Roundhill Road - B.22-24 Roundhill Road - B. 26 Roundhill Road - D. 28 Roundhill Road - E. 30 Roundhill Road - D. 32 Roundhill Road - B.
VAT
We are informed that the property is elected for VAT.
UTILITIES
We are informed that each unit has its own separate power supply and water supply.
LEGAL FEES
Each party is to be responsible for their own legal fees incurred in any transaction.
VIEWING
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.Interested parties are politely requested to be respectful of the tenant's occupation and ongoing operation of their businesses.
Tenure: Freehold
Located on Roundhill Road, the sole commercial parade in the area of Livermead, Torquay. Livermead is an affluent residential area, located between Torquay and Paignton.
Torquay is seaside town on the South Coast, with a resident population of approximately 52,000 but seeing an influx of visitors in the Summer months. Torquay combined with the neighbouring towns of Paignton and Brixham forms Torbay, with a resident population of approximately 140,000.
Torbay has strong transport links with its connection to the A38 which links to the M5 at Exeter. Torquay’s train station is located just 1 mile away from the property, which links to major routes at Newton Abbot on towards Plymouth, Exeter and beyond.
The property is a terrace of 1960’s purpose-built shops with 4x apartments on the first floor. The freehold retains control of the 5 commercial units from 22-32 and the external areas. The residential accommodation and current Co-op Store have all been sold off on long leaseholds.
The Co-op and Barnardo’s draw considerable traffic to the area, which benefits the smaller independent occupiers along the parade. Most of the current occupiers are service providers, drawing customers and clients from a large demographic and area.
To the front of the property is a pleasant enhanced slabbed pavement which businesses may utilise for display and seating areas. To the rear of the property is a private car park, which can be utilised by the commercial occupiers and customers.
AREAS
See attached details tenancy schedule overleaf.
EXTERIOR
To the rear of the property there is a Large Car Park and Communal Space. Each of the shops has two parking spaces at the rear.
TENURE
The Estate is being sold freehold, subject to the Commercial Occupational Leases and Long Leasehold titles. Tenancy Schedule attached.
EPC'S
Address EPC Rating 18-20 Roundhill Road - B.22-24 Roundhill Road - B. 26 Roundhill Road - D. 28 Roundhill Road - E. 30 Roundhill Road - D. 32 Roundhill Road - B.
VAT
We are informed that the property is elected for VAT.
UTILITIES
We are informed that each unit has its own separate power supply and water supply.
LEGAL FEES
Each party is to be responsible for their own legal fees incurred in any transaction.
VIEWING
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.Interested parties are politely requested to be respectful of the tenant's occupation and ongoing operation of their businesses.
Tenure: Freehold
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