High Street Retail Property to Rent, 11 Torbay Road, , TQ4 6AA - CBRE

Overview

LEASE FOR SALE / TO LET

A ground floor retail unit with ancillary and separately accessed residential apartment to first floor let under an Assured Shorthold Tenancy at a current rent of £6,900 per annum. The unit provides the following approximate areas and dimensions: Tenure The premises are available by way of an assignment of the existing lease expiring 1 October 2022. Alternatively, the ground floor premises are available by way of a sub-lease for a term of years to be agreed. Rent £48,000 per annum exclusive. EPC Energy Efficiency rating is D. Energy Performance Certificate available on request. Rates We understand from the VOA website that the current Rateable Value of the shop is £31,100 and the rates payable are £15,270.10 pa. The UBR for 2019/20 is 49.10p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.
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Location Description

Paignton forms part of the Torbay conurbation and is a popular holiday and retirement destination. The total resident population of Torbay is approximately 135,000, boosted considerably during the summer months. A ground floor retail unit that can be offered as two separate units if required.

Sizes and Measurements

Total Size

2,453sqft

Sales Area

2,109sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

2,109sqft

Status

Available

Available from

Now

Ground Floor Ancillary

Details

Non-Sales

Size

344sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease type

Assignment

For rent

£48,000/pa

UBR

49.1p

Rateable Value

£31,100.00

Business Rates

£15,270.10/pa

Floorplan

11 TORBAY ROAD_ PAIGNTON_ DEVON - GOAD

Photos

11 TORBAY ROAD_ PAIGNTON_ DEVON_ TQ4 6AA

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