>
Torquay TQ2 Mixed use for sale
Torquay TQ2
£180,000
Torquay TQ2
£180,000
Our Summary
- Retail Rent £6,000 Per Annum, with Scope for Rental Growth
- The maisonette is currently Vacant and requires redecoration and modernisation
- The property is priced to reflect this and offers purchasers an opportunity to add value through refurbishment
- Large Maisonette Requires Modernisation - An Opportunity to Add Value
Description
This mixed-use property is located in a well-populated residential area of Torquay, with a retail unit on the ground floor and a two-bedroom maisonette above. The retail unit, which fronts the street, is currently let to a pharmacy and generates an annual rent of £6,000. The maisonette, which is vacant and in need of refurbishment, offers an opportunity to add value. The property has a large terraced garden to the rear, which could be used for garaging or workshops. The property is being sold freehold, subject to the occupational lease on the shop, which has a term of five years from 2025. The lease carries full repairing and insuring liabilities on the tenant. The property is not opted for VAT, and each party will bear their own legal costs. Viewings are strictly by prior appointment with the sole agents, Bettesworths.