Hampton Close, St Marychurch , Torquay Long Leasehold : £120,000

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LOCATION
The property is located within the St Marychurch shopping area, at the southern-most part of the pedestrianised Fore Street area next to the junction of St Marychurch Road.

St Marychurch is one of the favoured residential areas of Torquay town with its own district shopping area where the property is located. St Marychurch has excellent public transport connections not only to the local area but to Torquay Central Bus and Train station providing travel both regionally and nationally.

DESCRIPTION
The property forms the entirety of the ground floor accommodation although no outside space is allocated.

It has a current income of £11,000 pa.

ACCOMMODATION
Internal width: 11.4m
Maximum depth: 4.9m
Sales area: 39.4 m² (425 sq. ft.)

SERVICES
We have not carried out any tests on the services and are therefore unable to comment on their condition or adequacy.

TERMS
The property is a long ground leasehold interest at peppercorn ground rent. The occupational lease is for a term of 6 years from 1st August 2015 subject to a rent review on the third anniversary. At a current rent of £11,000 pa.

The tenant is responsible for internal and exterior repairs as well a reimbursement of buildings insurance premium.

OUTGOINGS
Rateable Value: £7,100

EPC: E(124)

VAT
All figures quoted are exclusive of VAT whether chargeable or not. Interested parties are recommended to establish VAT implications before entering into any agreement.

LEGAL COSTS
Each party is responsible for their own legal costs.

VIEWING
Viewing by appointment only, please contact:

WAYCOTTS
01803 403060
thecaryestate@waycotts.co.uk

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WAYCOTTS (DEVON) LIMITED Trading as WAYCOTTS

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