73 Torbay Rd
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73 Torbay Rd
868 SF 100% Leased Retail Building Paignton TQ4 6AJ $400,829 ($462/SF) 4.31% Cap Rate
Investment Highlights
- Mixed use freehold investment premises
- The commercial lease is on a yearly rolling agreement
- Two residential units included
Executive Summary
The property is being sold Freehold, subject to the commercial lease and the residential Assured Shorthold Tenancies.
A terrace property with ground floor commercial unit currently let at a rent of £14,000 per annum. The lease is on a rolling yearly term with repairing and insuring obligations. The 2 residential apartments are accessed via an external staircase at the rear of the property
A terrace property with ground floor commercial unit currently let at a rent of £14,000 per annum. The lease is on a rolling yearly term with repairing and insuring obligations. The 2 residential apartments are accessed via an external staircase at the rear of the property
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
868 SF
Building Class
C
Year Built
1800
Price
$400,829
Price Per SF
$462
Cap Rate
4.31%
NOI
$17,266
Percent Leased
100%
Building Height
1 Story
Building FAR
0.23
Lot Size
0.09 AC
Frontage
18 FT on Torbay Road
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73 Torbay Rd
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