Aquator, Hele Road, Torquay Freehold : £150,000

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Full Details

Situated in the densley populated residential area of Hele in Torquay this prominent investment opportunity fronts the busy B3199 Hele Road, close to Farm Foods, The Herald Express and Quicksave.

A semi detached two sorely premises offering on the ground floor an established business known as Aquator which specialising in fish and reptiles is open 7 days a week. The upper floors were originally a self contained 3 bedroom flat with access from the rear. However, the premises were granted consent in March 2012 to change the use of the flats to an extension of the retail operation. Works to facilitate this were started including a new staircase to the front of the building, to the shop. Therefore, subject to consent, it maybe possible to create a new self contained entrance to the front elevation.
The upper floors would ready convert we believe back to one large apartment or possibly two, subject to any necessary consents. The adjoining property is a busy A5 takeaway business with self contained accommodation over.

The ground floor commercial area is held by a Mrs Susa Herberts - T/A Aquator, on a 15 year lease from 27th December 2007 on effective F.R.I. terms at a rental of £13,000 p.a. Rent reviews are every 3 or 5 years, therefore the next review will be 27th December 2016 or 2017.

Ground Floor Retail premises 144.4m2 (1554 sq ft) Storage 38.18m2 (411 sq ft) Total 182.58m2 (1965 sq ft)
N.B. Premises not measured but areas taken from VOA non domestic rating website.

First Floor Total Area 60.30m2 (658 sq ft) again not measured but taken from EPC floor plan.

Rateable Value £10,250

All figures quoted are exclusive of VAT whether chargeable or not.

This property is elected for VAT, therefore VAT will be chargeable on the purchase price, please ask for further details.

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