This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

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

Attachments

73

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

Nearby Major Retailers

Costcutter
Coffee #1
Lloyds Bank
Barclays
Iceland
Co-operative Food
National Westminster Bank Plc
Harvester
Anytime Fitness
Sainsbury's
  • Listing ID: 33064797

  • Date on Market: 9/5/2024

  • Last Updated:

  • Address: 73 Torbay Rd, Paignton TQ4 6AJ

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}