Auction House London

Lot 67

Commercial Property - Commercial Property 

Banx Cafe Bar

6-8 Fleet Street, Torquay, Devon, TQ1 1DB

Withdrawn Prior to Auction

A Commercial Investment Producing £26,000 per annum

To be Offered Either Individually or Collectively with Lot 66

Description

The property comprises a lower ground & ground floor bar within a substantial Grade II listed corner building arranged over lower ground, ground and two upper floors.

Tenure

Long Leasehold. The property is held on a 999 year lease at a peppercorn rent.

Location

The property is located on a mixed use road close to Torquay Harbour. Nearby multiples include Debenhams, Sports Direct and numerous local established traders. Transport links are provided by Torquay rail station.

Tenancy

The property is let to Banx Cafe Bar on a lease for a term of 15 years from January 2015 at a rent of £26,000 per annum. Reviews every 3 years. Rent paid in advance.

Accommodation (2nd Column)

Lower Ground Floor
Store

Ground Floor
Cafe
Bar
Ancillary Offices

G.I.A 122 sq m (1,321 sq ft)

Viewing Details

Commercial premises access during open hours only.

Addendum

To be Offered Either Individually or Collectively with Lot 66

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.

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their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction.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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Enquire about Banx Cafe Bar, 6-8 Fleet Street, Torquay, Devon, TQ1 1DB

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