Investment Properties for sale in Torquay

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Ian McGregor (Nov 2013)
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Freehold Price: £230,000
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Business Description
Freehold investment opportunity located in a favourable area of Chelston, Torquay. Property comprises of a highly visible ground floor kebab & pizza grill retail unit and separate 4 bedroom maisonette above. The property is maintained in good order throughout with the ground floor business currently let at £10,000 per annum with a 15 year lease starting January 2014 and the maisonette is currently occupied and being let for £750.00 per calender month. This is a rare opportunity to purchase a freehold property is such a strong trading position....

LOCATION
4 Old Mill Road is situated in Chelston Torquay. Chelston is a predominantly residential area being serviced by Old Mill Road parade of shops, where this property is positioned. Easily accessible by road with a regular bus route to the area.

BUSINESS
This is a unique opportunity to acquire a freehold investment which has an established food retailer on ground floor and tenanted property above on an AST providing a combined income of £19,000 per annum.

ACCOMMODATION
RETAIL UNIT
Glazed entrance door with large glazed windows to either side into:

DINING AREA
Being open plan with commercial floor surfacing and cover for 12, spotlighting to ceiling and door to the rear

CUSTOMER CLOAKROOM
With low level WC, wash hand basin and disability hand rail

COUNTER SERVERY
With open counter servery and chiller display, 2 upright kebab skewers, deep fat fryers, gas griddle and commercial extractor

Open box archway into:

KITCHEN
With large pizza oven, commercial pizza base mixer, range of stainless steel tables with under counter fridges

To the rear of the business is a small courtyard with outside store with additional fridges and freezers and side gate to access road. Galvanised stairs leading to:

4 BEDROOM MAISONETTE

Part covered entrance porch with further double glazed door to:

ENTRANCE HALL
With understairs storage space and door leading to:

LOUNGE/DINER
22”4 x 11”4
With French doors from entrance hall to open plan area with 3 double glazed windows to front, feature fireplace and box archway into dining area with laminate flooring and radiator

KITCHEN
11”10 x 8”3
A well appointed kitchen with good working surfaces with base and wall mounted units, 4 ring gas hob with oven under and window to rear

BEDROOM 4
11”5 x 6”
With window to rear and radiator

Stairs to:

FIRST FLOOR LANDING
With loft access and airing cupboard with hot water tank

BEDROOM 1
12”7 x 11”10
With fitted wardrobes and dressing table with window to rear

BEDROOM 2
11”9 x 8”1
With window to front

BEDROOM 3
11”5 x 12”6
With window to front

BATHROOM
Comprising of low level WC, wash hand basin and bath with window to rear

EXTERNAL
Small serviced courtyard with side gate to access road shared by retail unit and maisonette

SERVICES
Mains gas, electricity, water and drainage are all connected. No testing of these services has been undertaken by the agents Ware Commercial.

BUSINESS RATES
Please make enquiries on the local valuation website (VOA) at www.voa.gov.uk

TENURE
Freehold

VIEWINGS.
All viewings and enquiries are to be made through the agents Ware Commercial.
TEL. 01803 328880 Email. info@warecommercial.com www.warecommercial.com
Tenure: Freehold

Listed by: Ware Commercial
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OLDMILL3441
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