No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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£120,000 | 645 sq ft
Added > 14 days

Retail property (high street) for sale

38-40 Torbay Road, Paignton TQ4
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Retail property (high street)
0 bed
0 bath
EPC rating: C*
645 sq ft / 60 sq m

Property description & features

  • Extremely Successful Retail Outlet
  • Occupying a Prominent Location
  • Providing an Extensive Range of Products
  • Trading for the Majority of the Year
  • Approximate Retail Area: 184m2 (1,980 sq ft)
Situated on Torbay Road, which connects Paignton town centre to the seafront, Torbay House of Gifts enjoys the best of both Paignton's busy retail centre and the more tourist focussed area of town. Torbay Road is an excellent year round trading location, particularly during the very busy summer months. The area attracts high volumes of tourists from nearby hotels and family attractions, and is popular with locals throughout the year. Torbay House of Gifts is a thriving 'one stop shop' for all your beach, gift and homeware requirements. The large retail space is fitted with quality counters and display shelving offering the customer everything from rock, fudge, ice cream, slush, gifts, toys, homewares and summer essentials. The business trades for the majority of the year only closing for January though to February half term. The operating hours are 9am to 8pm seven days a week during the high season reducing to 10-5pm low season. The Husband & Wife owners run the business with the assistance of seasonal staff.

MAIN TRADE AREA - 184m2 (1,980 sq ft)
Large frontage with bi-folding doors and pavement display. Ice cream parlour including 3 flavour slush machine and Taylor's C708 Flavorblend Whippy machine. Retail space with racking, shelving, display gondolas and cabinets and storage.

REAR STORE
20m2 (215 sq ft).

SIDE STORE
6.8m2 (73 sq ft).

STAFF AREA

WC & KITCHEN

SIDE ACCESS LANE WITH BIN AREA

GENERAL INFORMATION

THE BUSINESS
We have been informed the turnover for year end March 2023 was circa £230,000 with strong net profits. Accounting information will be available to Bona Fide applicants following a formal viewing arranged via Bettesworths.

TENURE
The premises is available via assignment of a 10 year lease from October 2017 at a current rent of £22,500. The tenant will have repairing and insuring obligations.

RATEABLE VALUE
2023 List: £22,500. Please note this is not Rates Payable. Interested parties are advised to make their own enquiries with the Local Billing Authority, Torbay Council.

STOCK
Available via separate negotiation.

INVENTORY
To include furnishings and equipment as per an inventory to be supplied, but excluding the owners personal effects.

EPC AWAITED

VIEWING
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.

Tenure: Leasehold

Property information from this agent

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    Broadband availability and predicted speed

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    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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    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

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