Market Street , Torquay , Devon Freehold : £240,000

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Full Details

LOCATION
Waycotts are pleased to offer to the market this individual retail going concern with a 6-bedroom HMO investment property providing a healthy investment yield. The retail unit is presently trading as a licensed adult shop.

The property is located in Market Street Torquay a busy mixed commercial and residential area just off the main high street being Union Street

ACCOMMODATION
Retail Unit
Presently trading as a licensed adult shop comprising.

Main retail area 8.34m X 4.47m
Glazed entrance door with large floor to ceiling glazed window with obscured glass, service counter with shelving under and small recess area being shelved to side. Retail area being open plan with spotlighting to ceiling. Door to:

Rear Hallway
Under stairs cupboard and gas meter.

Staff Kitchen- Store room
L shaped room 3.43m x 5.04m narrowing to 1.42m in kitchen area.
Irregular shaped room presently used as store and kitchen, range of open shelving, counter top with inset sink and base units under, electric water heater. Night storage heater, fire exit door to side.

Cloakroom.
Ladies and gents W.C wash basin.

HMO letting accommodation accessed via separate road side entrance door.

Entrance hall to entrance lobby with fuse board and fire alarm board, door to inner hall stairs rise to first floor.

Room 5
L shaped room 3.86m x 3.42m
Double room, window to side, electric panel heater.
En suite shower room with wash basin and W.C

Communal shower room:
Shower cubicle, W.C, washbasin, electric towel rail.

Half landing electric panel heater

Room 3 3.64m X3.69m
Double room, window, washbasin, electric panel heater.

Second Floor landing

Communal Kitchen 3.80m x 4.18m
Well-appointed kitchen diner, range of matching base and wall unit2 built in electric cookers with filter canopy hoods over, inset sink, appliance space, built in store cupboard, windows to side.

Communal shower room
Comprising shower cubicle, W.C and wash basin, heated electric towel rail.

Room 4 5.69m x3.88m
Double room windows to front, wash basin, electric panel heater.

Third Floor landing
Panel electric heater. Loft hatch and large skylight window.

Separate W.C

Room 1 3.65m x 2.82
Double room, window to rear, washbasin, electric panel heater.

Room 2 3.94m X 3.41m
Double room window to front, wash basin, electric panel heater.

Room 6
2.83m x 2.13m
Single room, window to front, electric panel heater, wash basin.

Agents Notes
Simply Pleasure trading name is not being sold with the business. We understand an annual premises license is required to continue trading as an Adult Shop and personal license will also be required further legislation details are available on the Torbay Council Web site.







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

OUTGOINGS
Rateable Value for shop and premises as at 1st April 2017 £7,000

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 to be responsible for their own legal costs incurred.

VIEWING
Viewing by appointment only please WAYCOTTS COMMERCIAL 01803 403060

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WAYCOTTS (DEVON) LIMITED Trading as WAYCOTTS

41 Houndiscombe Road, Plymouth, PL4 6EX

Company No. 08771510 Registered in England and Wales

VAT Registration Number: 196 9480 44