£160,000
Studio flat for sale
Torquay TQ2
studio Flat Property description
Large Mixed Use Investment Property. Gross Rental Income of £19,150 Per Annum.
Abbey Road is a busy location, linking the one-way system of the town centre up to the bottom of Torre and surrounding areas. The property is situated in the parade of shops on Abbey Road, a short walk away from the Town Centre and its various amenities, making it a popular location for small independent businesses. The location is also favoured among residents for its central location and easy access to the seafront and Torre Abbey Green. Commercial unit arranged over three floors comprising of a mixture of office, storage and workshop space. Currently let on a 3 year FRI lease, outside LTA 1954, at a rent of £7,000 per annum. The first and second floors are arranged as a three bed maisonette, let on an AST at a rent of £12,151.20 per annum. The property is connected at the rear to Lower Union Lane with access into the commercial unit.
COMMERCIAL UNIT
FRONT OFFICE - 16' 1'' x 12' 2'' (4.89m x 3.72m)
REAR OFFICE - 13' 1'' x 12' 4'' (3.99m x 3.77m)
WORKSHOP/STORE - 42' 11'' x 14' 10'' (13.07m x 4.52m)
Stairs down to:-
STORE - 18' 9'' x 11' 6'' (5.72m x 3.50m)
STORE - 12' 2'' x 9' 5'' (3.70m x 2.86m)
WCS
WORKSHOP/ STORE - 32' 9'' x 18' 8'' (9.98m x 5.70m)
With stairs down and access to Lower Union Lane.The commercial unit is let on a 3 Full Repairing and Insuring lease at a rent of £7,000 per annum. The lease expires 16th December 2027.
MAISONETTE
Entrance from Abbey Road with hallway. Stairs leading to:-
FIRST FLOOR
With lounge and 2 bedrooms.
LOUNGE - 19' 5'' x 12' 7'' (5.93m x 3.84m)
KITCHEN - 11' 7'' x 4' 7'' (3.53m x 1.39m)
BATHROOM - 8' 8'' x 5' 3'' (2.64m x 1.61m)
BEDROOM - 11' 9'' x 8' 5'' (3.58m x 2.56m)
SECOND FLOOR
Large landing with space for office/storage.
BEDROOM - 9' 7'' x 6' 0'' (2.91m x 1.84m)
BEDROOM - 14' 2'' x 8' 5'' (4.33m x 2.57m)
TENURE
The property is being sold Freehold, subject to theresidential Assured Shorthold Tenancy.
BUSINESS RATES
2023 List: £7,100.Please note this is not Rates Payable.
COUNCIL TAX BAND B
SERVICES
The property is connected to gas, water and electric.
VIEWING
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths. Tel.[use Contact Agent Button]. All interested parties are politely requested to respect the tenants' quiet enjoyment of the property.
EPC RATINGS
Commercial Unit - B.Maisonette - D.
Council Tax Band: B
Tenure: Freehold
Abbey Road is a busy location, linking the one-way system of the town centre up to the bottom of Torre and surrounding areas. The property is situated in the parade of shops on Abbey Road, a short walk away from the Town Centre and its various amenities, making it a popular location for small independent businesses. The location is also favoured among residents for its central location and easy access to the seafront and Torre Abbey Green. Commercial unit arranged over three floors comprising of a mixture of office, storage and workshop space. Currently let on a 3 year FRI lease, outside LTA 1954, at a rent of £7,000 per annum. The first and second floors are arranged as a three bed maisonette, let on an AST at a rent of £12,151.20 per annum. The property is connected at the rear to Lower Union Lane with access into the commercial unit.
COMMERCIAL UNIT
FRONT OFFICE - 16' 1'' x 12' 2'' (4.89m x 3.72m)
REAR OFFICE - 13' 1'' x 12' 4'' (3.99m x 3.77m)
WORKSHOP/STORE - 42' 11'' x 14' 10'' (13.07m x 4.52m)
Stairs down to:-
STORE - 18' 9'' x 11' 6'' (5.72m x 3.50m)
STORE - 12' 2'' x 9' 5'' (3.70m x 2.86m)
WCS
WORKSHOP/ STORE - 32' 9'' x 18' 8'' (9.98m x 5.70m)
With stairs down and access to Lower Union Lane.The commercial unit is let on a 3 Full Repairing and Insuring lease at a rent of £7,000 per annum. The lease expires 16th December 2027.
MAISONETTE
Entrance from Abbey Road with hallway. Stairs leading to:-
FIRST FLOOR
With lounge and 2 bedrooms.
LOUNGE - 19' 5'' x 12' 7'' (5.93m x 3.84m)
KITCHEN - 11' 7'' x 4' 7'' (3.53m x 1.39m)
BATHROOM - 8' 8'' x 5' 3'' (2.64m x 1.61m)
BEDROOM - 11' 9'' x 8' 5'' (3.58m x 2.56m)
SECOND FLOOR
Large landing with space for office/storage.
BEDROOM - 9' 7'' x 6' 0'' (2.91m x 1.84m)
BEDROOM - 14' 2'' x 8' 5'' (4.33m x 2.57m)
TENURE
The property is being sold Freehold, subject to theresidential Assured Shorthold Tenancy.
BUSINESS RATES
2023 List: £7,100.Please note this is not Rates Payable.
COUNCIL TAX BAND B
SERVICES
The property is connected to gas, water and electric.
VIEWING
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths. Tel.[use Contact Agent Button]. All interested parties are politely requested to respect the tenants' quiet enjoyment of the property.
EPC RATINGS
Commercial Unit - B.Maisonette - D.
Council Tax Band: B
Tenure: Freehold
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First listed
Over a month agoEnergy Performance Certificate
Torquay TQ2
Marketed by
Bettesworths - Commercial 29 - 30 Fleet Street Torquay, Devon TQ1 1BBCall agent on 01803 268852
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