Auction House London

Lot 90

Commercial Development - Commercial Property 

65/65A Fore Street

Barton, Torquay, Devon, TQ2 8BJ

Sold for £60,000

A Commercial Investment with Residential Uppers Sold Off Producing £6,000 per annum

Description

Location

The property forms part of an established parade on a busy intersection in Torquay amongst local shops and amenities. Nearby multiples Tesco Express, The Co-operative Food and numerous other local traders. Transport links are provided by Torre rail station.

Exterior
The property benefits from use of rear service road with vehicular access for unloading and off street parking for one car.

VAT

VAT is not applicable

Tenure (2nd Column)

Freehold

Description (2nd Column)

The property comprises a end of terrace building arranged over ground and two upper floors currently arranged as a ground floor shop with a self-contained flat over first and second floors.

Viewing Details

Commercial premises access during open hours only.

Accommodation & Tenancy Schedule

Property Floor Accommodation Lessee Lease Term Current Annual Rent Notes
Shop Ground Gross Frontage 26'7"
Shop Depth 23'8"
Kitchen
WC
A. Chaku
(Indian Take-Away)
12 years IRI Lease from 22nd September 2010 £6,000 Rent reviews every three years.
Maisonette First & Second Not inspected Riviera Housing Trust Ltd 999 years from 17th August 2005 Peppercorn FRI

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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*Sold for £70,000

Enquire about 65/65A Fore Street, Barton, Torquay, Devon, TQ2 8BJ

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