Withdrawn
- Commercial Property
- Tenure: Long Leasehold. The property is held on a 999 year lease at a peppercorn rent.
Call the team on 020 7625 9007 for more information
A Commercial Investment Producing £26,000 per annum
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.
To be Offered Either Individually or Collectively with Lot 66
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.
Accommodation
Lower Ground Floor Store Ground Floor Cafe Bar Ancillary Offices G.I.A 122 sq m (1,321 sq ft)
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.
Viewing Details
Commercial premises access during open hours only.
Addendum
To be Offered Either Individually or Collectively with Lot 66
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
