No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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£625,000
Added > 14 days

Property for sale

Torquay TQ2
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Property
0 bed
0 bath

Property description & features

  • 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
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

Property information from this agent

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    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    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

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

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    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

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    *Call rate information

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