Studio flat for sale

Mixed-Use Freehold in Popular St Marychurch Precinct. Comprises Retail Unit & a Two Bedroom Maisonette.

Situated in the heart of St Marychurch’s shopping precinct, a thriving area of Torquay. 56 Fore Street benefits from a prominent position within an independent and well-supported retail parade. The location enjoys strong year-round footfall and is surrounded by independent occupiers, including shops, cafés, and services, appealing to a strong local customer base. St Marychurch is also a sought-after residential area with excellent transport links, making this property ideal for those seeking a home and income, an investment opportunity, or a small business base with living accommodation above. 56 Fore Street is a mid-terraced mixed-use property comprising a ground floor retail unit and a self-contained two-bedroom maisonette above. The retail unit is currently occupied by a homewares business and provides approximately 32m² (344 sq ft) of trading space. It is let on a 3-year lease expiring in September 2026 at £550 per calendar month. The residential accommodation, accessed via a separate entrance, is currently vacant. It comprises two bedrooms, separate living room and kitchen and benefits from a private, lawned rear garden bordered by mature trees and stone walls. While the flat is in a tidy condition, it offers scope for refurbishment to create a high-quality residential unit. This property presents a rare opportunity for investors, owner occupiers, or those seeking a live-work arrangement in a desirable part of Torquay.

ACCOMMODATION

GROUND FLOOR

RETAIL - 20' 6'' x 19' 0'' (6.24m x 5.80m) (max)
Gross Internal Area Approx. 32m² (344 sq ft). Stairs from the back of the shop lead into a communal hallway and out to the garden, where there is a WC for the shop.

FIRST FLOOR

HALLWAY
With doors leading to:-

LIVING ROOM - 14' 2'' x 11' 1'' (4.33m x 3.39m)
With door to:

BEDROOM - 9' 3'' x 8' 1'' (2.82m x 2.47m)

BEDROOM - 10' 4'' x 9' 4'' (3.15m x 2.84m)

KITCHEN - 7' 10'' x 7' 0'' (2.40m x 2.13m)
With a range of floor and wall mounted cupboards, inset sink and drainer, an electric oven and gas combi-boiler. A door leads to:-

BATHROOM
With a bath with shower over, airing cupboard and sink.

SEPARATE WC

EXTERNAL
At the rear of the property is a private walled garden with a lawned area, mature trees and a shed.

TENURE
Freehold, subject to the commercial lease and vacant possession of the residential.

RENT SCHEDULE
Retail Unit: Let to a homewares business. Lease Term: 3 years from September 2023. Passing Rent: £550 pcm / £6,600 per annum.

EPC
Both commercial and residential EPCs are awaited.

COUNCIL TAX
Flat - Band A.

BUSINESS RATES
2023 List: £10,000. Business rates are paid by the tenant. This unit is eligible for 100% Small Business Rates Relief.

LEGAL COSTS
Each party will be responsible for their own legal costs unless expressly agreed otherwise.

VIEWING
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths. Tel.[use Contact Agent Button].

Council Tax Band: A
Tenure: Freehold