Property for sale
Property description & features
- Town Centre Commercial Investment
- Net Internal Area 62m² (667 sq ft)
- Let at £6,000 Per Annum until August 2026
- Offering an Initial Yield of Over 13%
- Of Interest to SIPP/ SSAS Investors
RETAIL AREA - 15' 6'' x 27' 4'' (4.72m x 8.33m)
STORE - 7' 7'' x 13' 1'' (2.3m x 3.98m)
STORE
16.5m2 (177 sq ft)
WC
LEASE
Let on a 6-year lease at £6,000 per annum from August 2020.
TENURE
The property is offered for sale on a new long leasehold, to be created. The terms of this leasehold are to be agreed but the suggestions are a 999-year lease on a peppercorn ground rent.
BUSINESS RATES
2023 List: £6,300 Please note: This is not Rates Payable. 100% Small Business Rates Relief will be available to eligible occupiers. Interested parties are advised to make their own enquiries with the Local Billing Authority, Torbay Council.
LEGAL COSTS
Each party are to be responsible for their own costs incurred.
EPC AWAITED
VIEWING
Viewing is recommended and can be arranged by prior appointment with the Sole Agents, Bettesworths.
Tenure: Leasehold
Property information from this agent
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Property reference 12247825. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Bettesworths - Commercial.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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