FOR SALE SUBSTANTIAL TORQUAY TOWN CENTRE RETAIL PREMISES ON GROUND FLOOR WITH STORAGE ON 2 FLOORS ABOVE PLUS LOWER GROUND FLOOR CAFE / RESTAURANT ...
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RETAIL
DEVELOPMENT
INVESTMENT
FOR SALE
SUBSTANTIAL TORQUAY TOWN CENTRE RETAIL PREMISES
ON GROUND FLOOR WITH STORAGE ON 2 FLOORS ABOVE
PLUS LOWER GROUND FLOOR CAFE / RESTAURANT
Potential for Redevelopment including Residential Units on the Upper Floors
Ground Floor 67 sq.m (721 sq.ft) with Upper Floors of 91 sq.m (978 sq.ft) plus
Lower Ground Floor of 81 sq.m (872 sq.ft) so totalling 239 sq.m (2,573 sq.ft)
98 UNION STREET, TORQUAY, DEVON, TQ2 5PY
An opportunity to acquire the freehold of this Town Centre premises adjacent to the shortly to be opened Merlin
Multi Screen Cinema, and offering Ground Floor Retail area plus 2 floors over currently let plus the well fitted Lower
Ground Floor Restaurant currently vacant. The Ground floor tenants have confirmed they will not be renewing their
lease, and would consider vacating early if a purchased wanted possession to allow a development of the upper
floors and the reletting of the shop without this additional accommodation.
Noon Roberts Contact us
4 Northleigh House,
Thorverton Road, Matford,
M. 07831 273148
E. tn@noonroberts.co.uk
W. noonroberts.co.uk
Tel: 01392 691007
Exeter, Devon, EX2 8HF
T. 01392 691007
M. 07831 273148
E. tn@noonroberts.co.uk
SITUATION AND DESCRIPTION
The premises are located in a prominent and central position in the busy Union Street area of Torquay, with excellent access to the
Retail heart of the town and other significant buildings such as the Library and Town Hall. The premises are located close to a number
of large Car Parks offering the ability to obtain short term parking or parking permits if required, and adjacent to premises recently
acquired by Merlin Cinemas for a new multi-screen cinema. The Fleet Walk shopping centre, picturesque Harbour area and bustling
Marina are also within a convenient distance, as is Torquay’s principal beach and Tore Abbey Sands. This offers an excellent
opportunity to locate to a very central location for a minimal annual outlay.
Torquay is the principal commercial centre and is the largest of the three towns forming the conurbation of Torbay, which has a
resident population in excess of 130,000. At its northerly point Abbey Road connects with the A380 which directly links to the Penn
Inn Roundabout at Newton Abbot, where a dual carriageway links to the M5 motorway network at Exeter (20 miles distant). The A380
is currently undergoing a substantial remodelling due to complete late 2015 to offer a fast and direct route from the A380 into Torbay,
offering much improved access and journey times. Exeter Airport is within reasonable travelling time of Torquay, with regular services
to many parts of the UK and Continent. Mainline train services to London - Paddington are available from Torquay.
ACCOMMODATION
Brief details of the accommodation with approximate maximum internal
dimensions are as follows:-
GROUND FLOOR RETAIL PREMISES
Retail Area No 1 5.03m x 4.50m plus 4.84m x 4.38m
(16’6” x 14’9” plus 15’10” x 14’4”) max
Full height glazed display window with door to one side offering an
excellent display area. Suspended ceiling with integrated strip lighting.
Slat boarded walls. Carpeted. Door to upper floors
FIRST FLOOR
Door from the shop leading up to a landing with doors to
Office / Store No 1 6.03m x 3.99m (19’9” x 13’1”) max
2 large bay windows making this a light and airy room. Shelving as fitted.
Suspended ceiling with strip lighting. Carpeted.
Retail Area No 2 4.61m x 4.49m (15’1” x 14’9”) max
Slat boarding to all walls. Suspended ceiling with strip lighting. Carpeted.
Kitchen 2.13m x 1.18m (6’11” x 3’10”) max
Stainless steel sink and single drainer with cupbaords below. Space for
fridge. Shelving as fitted.
Toilet
Low level WC suite with wash basin and electric water heater over.
Noon Roberts Contact us
4 Northleigh House,
Thorverton Road, Matford,
M. 07831 273148
E. tn@noonroberts.co.uk Tel: 01392 691007
Exeter, Devon, EX2 8HF W. noonroberts.co.uk
T. 01392 691007
M. 07831 273148
E. tn@noonroberts.co.uk
Kitchen
(Locked, not inspected)
Toilet
Low level WC suite with wash hand basin with electric water heater over.
Window.
LOWER GROUND FLOOR CAFE / RESTAURANT
Café / Salon Area 11.57m x 5.51m (37’11” x 18’0”) max
Stairs from Union Street down to lobby and café area. Light and bright
area currently with tables and chairs for at least 36 people. Wall lights.
Power as fitted. Understairs storage cupboard with wall mounted meter
cupboard. Counter with shelving below. Wash hand basin. Wine cooler.
Mirrored wall behind serving area with shelving.
Store No 2 4.12m x 3.73m (13’6” x 12’3”) max
Glazed panel to front Office. Part glazed doors front and landing.
Suspended ceiling with strip lighting. Electric wall heater. Carpeted.
Office / Store No 3 5.98m x 3.63m (19’7” x 11’10”) max
2 large windows to the rear. Electric panel heater. Strip lighting and
power as fitted. Shelving to 2 walls.
Kitchen 3.51m x 2.54m (11’6” x 8’3”) max
Stainless steel sink with single drainer and wash hand basin. Stainless
steel fridge. 6 ring gas fired cooker with ovens below. Stainless steel
benching. Deep fat fryer. Extraction hood over cooker. Under counter
Fridge and Freezer. Secondary stainless-steel sink. Strip lighting. To the
rear of the salon area are the following …..
SECOND FLOOR
Stairs from landing to ……
Store No 4 4.34m x 2.72m (14’3” x 8’10”) max
Window to front. Strip lighting and power as fitted.
Store No 5 4.33m x 3.0m (14’2” x 9’10”) max
Window to front. Strip lighting and power as fitted
Store No 5 2.61m x 1.91m (8’7” x 6’3”) max
Window to front. Strip lighting and power as fitted
Noon Roberts Contact us
4 Northleigh House,
Thorverton Road, Matford,
M. 07831 273148
E. tn@noonroberts.co.uk Tel: 01392 691007
Exeter, Devon, EX2 8HF W. noonroberts.co.uk
T. 01392 691007
M. 07831 273148
E. tn@noonroberts.co.uk
Gents Toilet
Low level WC suite with wash hand basin.
Ladies Toilet
Low level WC suite with wash hand basin.
EXTERNALLY
The premises are accessed from Union street via a self-contained access
door, with a fire access to the rear.
TENANCIES
GROUND FLOOR AND UPPERS
The premises are occupied by Rowcroft House Foundation Limited
(Hospicecare) (Company No 01561601) by way of a 15 year effective FRI
lease from the 1st December 2008 to expire on the 30th November 2023
at a current passing rent of £18,000 per annum until the 31st December
2020 rising to £21,000 per annum until the end of the term (by way of a
deed of variation dated the 6th September 2016)
LOWER GROUND FLOOR
Currently vacated and available at a quoting rent of £5,200 per annum as
a fully fitted Café / Restaurant.
PRICE
Offers are sought in the region of £295,000 for the freehold subject to and
with the benefit of the tenancies as at completion. The current Ground
Floor tenants have confirmed they would be prepared to vacate the
premises early should the purchasers wish to develop the upper floors for
Residential etc, offering the purchaser the chance to obtain planning
consent whilst receiving the rental income.
SERVICES
We understand that mains water, drainage, gas and electricity are
available to the premises.
LEGAL COSTS
Each party to be responsible for their own legals costs in this transaction.
ENERGY PERFORMANCE CERTIFICATE
A commercial EPC summary is attached to these particulars. A full copy is
available to download from the web site. The rating is: - E 115
RATES
Rateable Value - Ground and Uppers - £15,500 (2017 Valuation list)
Rateable Value - Lower Ground - £ 4,950 (2017 Valuation list)
For further details of the Rates payable, please contact the Business rates
Department at Torbay Council (0803 201201)
VIEWING
Strictly by prior appointment only with the Landlords sole agents, for the
attention of Tony Noon (07831 273148) Ref (0594)
Tel. 01392 691007
Mob. 07831 273148
Email. tn@noonroberts.co.uk
Web. www.noonroberts.co.uk
Noon Roberts Contact us
4 Northleigh House,
Thorverton Road, Matford,
M. 07831 273148
E. tn@noonroberts.co.uk Tel: 01392 691007
Exeter, Devon, EX2 8HF W. noonroberts.co.uk
T. 01392 691007
M. 07831 273148
E. tn@noonroberts.co.uk
98 Union Street
Merlin Cinema 98 Union Street
Noon Roberts Contact us
4 Northleigh House,
Thorverton Road, Matford,
M. 07831 273148
E. tn@noonroberts.co.uk Tel: 01392 691007
Exeter, Devon, EX2 8HF W. noonroberts.co.uk
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