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Torquay TQ2 Mixed use for sale
Torquay TQ2
£800,000
Torquay TQ2
£800,000
Our Summary
- Town Centre, Mixed Use Investment Opportunity
Description
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Here is a summary of the property description in a single paragraph without a list:
The property is a large retail unit located in the heart of Torquay's main shopping street, Union Street, with a prominent corner and return frontage. The ground floor has been let to O2 on a 5-year lease, generating £22,000 per annum, while the upper parts have been converted into four apartments, which are also let, generating an additional £42,000 per annum. The property is being sold freehold, subject to the commercial occupational lease and residential Assured Shorthold Tenancies, and has an EPC rating of D for the retail unit and awaiting ratings for the flats. The property has a thriving location, with nearby occupiers including Primark, Superdrug, and WHSmiths, and is expected to generate a total rental income of £64,000 per annum.