Investment Properties for sale in Torbay

View the "Substantial Investment Opportunity, Torbay" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

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Polly Franey (July 2015)
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Freehold Price: £700,000
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Business Description
Prominent High Street Investment Opportunity
Current Net Income £67,600 Potential £87,600 pa
Potential Yield 11.8%
Retails shops, night club & restaurant
Owners accomodation
Auction Guide Price £675,000 - £700,000
EPC Range from F-C

Substantial retail, restaurant and night club investment opportunity situated in Paignton town centre and occupying prominent road side location in the heart of the town.

-2 Ground Floor Tenanted Retail Units currently let out for £28,500 p/a
-1 Vacant Ground Floor shop (at present used by Landlord) Nil Rent
-Second Floor Bar, Restaurant & Nightclub- £39,000 P/a
-Owners Accommodation on Third Floor
-Separate 2 bed Cottage to rear
-Garaging To Rear

Current Net Income £67,600
Potential Income £82,600
Current potential Yield 9.66%
Potential Yield based on estimated rent against GP 11.8%
Ground Rent income of £100 P/a
Auction Guide Price £675,000 - £700,000

Auction to be held at the
Grosvenor House Hotel, Park Lane, London.
(Unless Sold Prior)
Tenure: Freehold

Listed by: Charles Darrow
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