Investment Properties for sale in Torbay

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S Martin (Feb 2013)
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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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