Lot 66: FREEHOLD COMMERCIAL INVESTMENT WITH FUTURE POTENTIAL

A charming three storey property located on a busy arterial road close to the towns retail heart and renowned harbour. Offered to the market for the first time in nearly 100 years the property is currently arranged as a ground floor retail premises with ancillary accommodation on the upper two floors.

The property is likely to be of interest to investors and developers who will no doubt spot the future potential for residential conversion of the upper floors in order to create a pair of well-proportioned two bedroom flats. Any conversion works would subject to all the necessary consents being obtainable.

Ground Floor

Shop floor, dispensary area and small room (no exterior window) with wash basin.

First Floor

Landing, three rooms and cloakroom with W.C.

Second Floor

Landing and four rooms.

Outside

Access to side with exterior staircase leading to upper floors.

Tenancy

The entire building is let to Boots Chemists on a 15 year Fully Repairing and Insuring lease from July 2007 at a rental of £15,900 per annum.

Local Authority Planning

Local Planning Authority: Torbay Council. Tel: 01803 207801. Website: Torbay.gov.uk.

Commercial EPC: E

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