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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£225,000
Added > 14 days

Mixed use for sale

Torquay TQ1
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Mixed use
0 bed
0 bath

Property description & features

  • Mixed Commercial/Residential Property in Heart of St Marychurch Precinct
  • Retail Unit, 2 Bedroom Maisonette & Studio Apartment
  • Scope for Rental Growth
  • Popular Trading & Investment Location
  • Good Spread of Income An Opportunity Not to be Missed
The property is situated at the heart of the St Marychurch shopping precinct. This is a busy and convenient trading location, popular with many independent and multiple occupiers. Retail vacancies in the area rare. Nearby occupiers include two convenience stores, a butcher, a fishmonger and various retail, catering, beauty and professional providers. St Marychurch is also a sought after and desirable residential location.   

23 Fore Street comprises a ground floor lock up retail unit fronting onto the pedestrianised precinct. The shop has been occupied by the same tenant for 8 years.   

The two residential units are accessed via Foxlands Walk - a pedestrian link that connects Fore Street with Chilcote Close to the rear.  The 2 bedroom maisonette is full of character and has been let to the same tenant for over 20 years.   

The ground floor studio apartment has been recently refurbished and is immediately ready to be re-let by the purchaser.

RETAIL UNIT - 23 FORE STREET

RETAIL AREA APPROX
36m2 (387 sq ft) . With small kitchenette and WC to the rear.

23A FORE STREET
Accessed from Foxlands Walk. Independent front door with stairs leading to first floor accommodation.

LARGE LIVING ROOM/DINING ROOM

KITCHEN

BATHROOM

SECOND FLOOR LEVEL

2 DOUBLE BEDROOMS

23B FORE STREET
An open plan refurbished studio apartment with smart kitchen fittings, new carpets and a bathroom.

TENURE
This property is for sale freehold, subject to the occupational lease and tenancy. 23 Fore Street - the tenant is holding over on a Short Term Commercial Lease from 24 June 2021 at the current rent of £6,000 per annum. The lease carries Internal Repairing and Insuring liabilities. 23A Fore Street is let on an Assured Shorthold Tenancy dated 12th September 2000, at a current rent of £525 per calendar month. The studio apartment has been refurbished and is ready to be re-let upon purchase.

UTILITIES
Each unit has independent water and electricity supplies.

VAT
The property has not opted for VAT.

LEGAL COSTS
Each party are to bear their own legal costs incurred in any transaction.

VIEWING
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths. All interested parties are polity requested to respect the tenant's quiet enjoyment of their properties.

EPC RATINGS
23 Fore Street - TBC. 23a Fore Street - TBC.23b Fore Street - E.

Tenure: Freehold

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    Broadband availability and predicted speed

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    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

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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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