This property is no longer on the market
Restaurant
Property description & features
- On the instructions of a major property company
- Freehold bar/restaurant investment
- Totalling approximately 743 sq m (7,995 sq ft)
- Town centre location
- Overlooking Torquay Marina
- Alternative use potential (subject to consents)
- Currently producing £70,000 per annum
- Online Auction on Thursday, 29 June 2023
A substantial building of traditonal construction totalling approximately 743 sq m (7,995 sq ft) arranged over ground and two upper floors. The property is arranged as a bar/restaurant on the ground and first floors with the second floor providing ancillary and residential accommodation. The property may lend itself to alternative uses, subject to obtaining the necessary consents.
Location:
Torquay is a popular coastal town lying on Devon's south coast approximately 20 miles south of Exeter and 31 miles east of Pymouth. It can be accessed via the A380, which provides access to the M5 motorway at junction 31 and the junction with the A30 approximately 18 miles to the north. The town is served by two railway stations, these being Torre railway station and Torquay railway station, with the latter providing national rail services including direct services to London Paddington and Birmingham New Street. Exeter Airport lies approximately 25 miles to the north providing international and domestic services.
Victoria Parade is one of the principle leisure thoroughfares in the town centre overlooking and adjacent to Torquay Marina with the property lying on its east side.
Tenancy:
The property is currently let to Eldridge Pope and Co Ltd, which was acquired by Marston plc in 2007 since when the tenant became a dormant company. The rent has since been paid by Marstons plc.
Online Auction on Thursday, 29 June 2023. For further information, such as legal documents and property information, please visit bidx1.com.
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