Fore Street, St Marychurch, Torquay Freehold : £415,000

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Full Details

The property is located on the busy corner of Fore Street and Manor Road in the centre of the busy neighbourhood shopping centre of St Marychurch in northern Torquay. This is a popular centre with TSB and Barclays banks represented as well as Sainsbury's Local store, Co-op supermarket and other national and local retailers.

The property is linked at ground floor level by virtue of occupation by the previous Tenant of No 4 Nat West.

Number 2 is situated on the corner and comprises of a dual frontage ground floor shop area and a 3-bedroom apartment covering the first floor and roof space levels.

Number 4 is adjacent and comprises of a large banking hall on the ground floor, with WCs and offices on the upper floors. NB part of the banking hall is within the demise of No. 2.

At the rear there is off street parking for three cars accessed from a shared private rear alleyway.

Number 2 as arranged:
Ground floor shop unit: 747sqft
Rear Store 55sqft
Rear Office: 148sqft
Within No 4 sales 255sqft
Rear office 148 sqft
1st and 2nd Floor: Residential apartment comprising of a Lounge, Kitchen, three Bedrooms and Bathroom/WC .

Pedestrian rear access only

Number 4 briefly comprises of ,excluding that part within No 2:
Ground floor
shop unit: 709sqft
Rear Office: 198sqft
Store Area: 371sqft
First Floor: 615sqft
Second Floor: 410sqft

Car parking for 2/3 cars

We understand that all mains services are available.

2 Fore street is let on 3 year, contracted out lease from 1st June 2016 to John Lake Lettings at a concessionary rent of £6,000 pa subject to a mutual break clause on or after 31st March 2017.

We understand that all the ground floor accommodation has the benefit of an A2 financial service consent with the upper floors over 2 being residential and over 4 ancillary offices and stores.

A planning preapplication for the scheme shown was submitted and details are available of the favourable response from the planners.

Business Rates

No 2: RV: £10,000 CT band B
No 4 : To be assessed.

Alice Lang BSc (Hons) or
Nick Wheeldon MRICS

01803 403060

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