RETAIL UNIT TO LET

The premises comprise the ground floor of a prominent three-storey building, set on the busy junction of Fore Street with Hampton Avenue and Manor Road. The upper floors are not included within Barclays lease demise. Internally the property provides a banking hall with offices, staff facilities and a strong room to the rear. The premises benefits from car parking to the side of the property. There is also a public car park directly opposite. Tenure An assignment of an existing effectively Fully Repairing and Insuring lease expiring 11th January 2027. There is a tenant only break option dated 141h January 2022. Rent The current passing rent is £15,500 per annum. The next rent review is dated 29th September 2018. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £17,250.00 and the rates payable are £8,280.00 pa. The UBR for 2018/2019 is 48.00p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

Torquay is located on the South Coast of Devon, approximately 22 miles South of Exeter and 38 miles North East of Plymouth. Together with Paignton and Brixham it forms the very popular tourist destination of Torbay. The town is well connected, with the A38 linking to the M5 motorway at Exeter. The property is situated on the principal retail pitch within St Marychurch, a busy suburb of Torquay. Nearby occupiers include Papa John’s Pizza, Boots Pharmacy and TSB Bank.

Sizes and Measurements

Total Size

1,685sqft

Sales Area

1,685sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,685sqft

Status

Available

Available from

Now

Lease Information & Charges

Lease End

14/01/2027

Lease type

Assignment

For rent

£15,500/pa

UBR

48p

Ratable Value

£17,250.00

Business Rates

£8,280/pa

Specification

  • Car Parking  Prominent Corner Building
  • Busy Retail Pitch 

Floorplan

TORQUAY - FORE ST_ MARYCHURCH

Photos

TORQUAY_ FORE ST_ MARYCHURCH

Other properties in this area

BESbswy