House For Sale £155,000
A superb investment opportunity located on a busy main thoroughfare which provides one of the main routes in and out of Torquay. The property offers excellent potential and currently is trading as a hand car wash. The site comprises a roadside forecourt with space for 6 to 8 vehicles and there is a large garage/workshop with separate office, storeroom and WC. The site has been occupied for many years, previously as a garage and fast fit tyre and exhaust centre and offers superb location for a variety of businesses due to the excellent visibility and continuous passing traffic. The site could also offer development potential subject to any necessary consents.
The accommodation briefly comprises
garage/workshop space 15' 11" x 17' 8" (4.85m x 5.38m)
office 7' 7" x 13' 0" (2.31m x 3.96m)
storeroom 9' 9" x 4' 1" (2.97m x 1.24m)
WC
Tenure - The property is to be sold freehold, subject to the commercial lease
commercial lease The property is let to the tenants on a 10 year full repairing and insuring lease from April 2020.
Rent review Standard upward only market rent review at the fifth anniversary. The tenant has the option to break the lease on the fifth anniversary of the term by giving no less than six months prior written notice
rent The passing rent is £12,000 per annum
rent deposit The landlord holds a £3,000 rent deposit
Viewing is strictly by prior appointment with the sole agents Williams Hedge. Interested parties are requested to be respectful to the Tenants ongoing business which is to remain unaffected. Please telephone .
The accommodation briefly comprises
garage/workshop space 15' 11" x 17' 8" (4.85m x 5.38m)
office 7' 7" x 13' 0" (2.31m x 3.96m)
storeroom 9' 9" x 4' 1" (2.97m x 1.24m)
WC
Tenure - The property is to be sold freehold, subject to the commercial lease
commercial lease The property is let to the tenants on a 10 year full repairing and insuring lease from April 2020.
Rent review Standard upward only market rent review at the fifth anniversary. The tenant has the option to break the lease on the fifth anniversary of the term by giving no less than six months prior written notice
rent The passing rent is £12,000 per annum
rent deposit The landlord holds a £3,000 rent deposit
Viewing is strictly by prior appointment with the sole agents Williams Hedge. Interested parties are requested to be respectful to the Tenants ongoing business which is to remain unaffected. Please telephone .
