Lot 98: MIXED COMMERCIAL AND RESIDENTIAL INVESTMENT/DEVELOPMENT PROPERTY

Guide Price £225,000 – £250,000 * + Fees
130 Union Street, Torquay, Devon. TQ2 5QB

Currently part let at £22,500 per annum

Applicants may view the lot externally only

01392 366555

Graham Barton/Audrey Smith

An interesting investment and redevelopment opportunity comprising a prominent four storey building located at the top end of Union Street just below Castle Circus. The ground and lower ground floors are occupied by Haart Estate Agents at a current rent of £22,500 per annum with fixed annual increases, the vacant upper floors having in the past been a duplex two bedroom flat but now needing complete refurbishment.

The property is likely to appeal to a number of sectors of the market including those who might see the potential, subject to all necessary consents being obtainable, for upwards extension as the property is diminutive in relation to both its immediate neighbours.

Commercial

Ground and Lower Ground Floors

Offices and ancillary accommodation.

Tenancy

Let on a 10 year lease, from 11th December 2018, at a current rental of £22,500 per annum.

Residential

First Floor

Living/dining room, inner lobby and kitchen.

Second Floor

Two bedrooms and shower room.

Tenancy

Currently vacant.

Outside

To the rear of the upper floors is a sizeable area of terrace and there is extensive off-road parking accessed from Temperance Street.

Auctioneer’s Note

For information relating to the commercial element’s rateable value and other available data go to www.gov.uk/correct-your-business-rates and enter the postcode for the property into the appropriate search field.

Local Planning Authority

Torbay Council. Tel: 01803 207801. Website: torbay.gov.uk.

Viewings

There will be no viewings of the let portion of the property nor of the first and second floors on safety grounds in relation to the external staircase. However, a video is available via a link provided under the lot entry on the Clive Emson website.

A selection of photographs and floor plans (indicative only, not to be scaled) will also be available from the Auctioneer’s Office.

Video

To see a video of the property click here

Freehold with Part Vacant Possession

Residential EPC: TBC
Commercial EPC: D

Map

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The map and satellite images are based on postcode information and are available for for directions only. The may not necessarily show the exact lot being offered, but will be in close proximity. Please refer to the sale plan in the legal documentation for precise details of the lot to be sold.