Victoria's Pantry, Victoria Street , Paignton, Devon £12,000pa

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Full Details

Occupying a prominent location in Victoria Street, Paignton’s prime pedestrianised retail area close to the extremely busy junction with Hyde Road and Torbay Road next to the pedestrian railway crossing leading to the seafront and pier. The site enjoys all year round footfall and nearby retailers include Betfred, Bon Marche, Costa Coffee, New Look, Santander Bank, Superdrug and Sports Direct.

The Premises
Main Shop
Frontage 3.71m increasing to 4.45m
Depth 5.40m maximum Net Internal Area 18.04m² (194 sq. ft.)

Rear Prep Area
1.05m x 6.45m 6.77m² (79sq. ft.)

WC Facilities The shop tenants will have access for staff only of communal facilities at first floor level.

Pavement Licence There is currently a pavement licence in the name of a previous tenant and any purchaser must make their own enquiries direct to Torbay Council regarding transfer or getting a new one.

Fixtures and Fittings A detailed inventory of the trade fixtures & fittings to be included in the sale is available on request.

Lease A new lease is to be granted, length negotiable, subject to 3 yearly upwards only rent reviews.

Rent £12,000 p.a. exclusive payable quarterly in advance.

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

Business Rates - 2017 Rateable Value - £9,000 – full small business relief applies where and if applicable.

The premises are not elected to VAT.

The successful purchaser will be required to make a £1,500 inc VAT contribution towards the landlord’s legal costs whether or not the purchaser proceeds with the transaction. If the Landlord withdraws then no costs would be charged.

The landlord make a service charge on a monthly basis to cover the costs of insurance, external maintenance and repair excluding the shopfront (tenant’s liability) communal areas including lighting, heating and cleaning of private WC facilities at first floor level. The service charge for this unit for 2018 is £120pcm. The service charge is reviewable annually to a percentage change of the RPI or equivalent.

Viewing by appointment only please WAYCOTTS COMMERCIAL 01803 403060

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