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83-85 Union Street

5,098 SF Retail Building Torquay TQ1 3DG $621,257 ($122/SF) 7.85% Cap Rate

Storefront Properties Devon Torquay 83-85 Union Street, Torquay, DEV TQ1 3DG

Investment Highlights

  • Freehold Investment sale in Torquay
  • Passing rent £42,500 per annum
  • Considerable ancillary space on the first floor
  • Close proximity to Union Street Shopping Centre
  • Let on a 5 year terms from 25th March 2022
  • Tenant only break on 3rd anniversary, £4,000 break penalty

Executive Summary

The freehold of this retail investment opportunity is available for the asking price of £500,000 providing a yield of 7.85%.

Attachments

Marketing Brochure/Flyer

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
5,098 SF
Building Class
B
Year Built
1985
Price
$621,257
Price Per SF
$122
Cap Rate
7.85%
NOI
$48,769
Tenancy
Single
Building Height
2 Stories
Building FAR
1.23
Lot Size
0.10 AC
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Nearby Major Retailers

Lloyds TSB Bank
Caffe Nero
T S B
Morrisons
Iceland
Natwest
Santander
Coffee 1
Tesco
SPAR
+44 1803 221418

Contact

  • Listing ID: 27076184

  • Date on Market: 11/9/2022

  • Last Updated:

  • Address: 83-85 Union Street, Torquay TQ1 3DG

The Retail Property at 83-85 Union Street, Torquay, TQ1 3DG is currently available for sale. Contact Carter Jonas LLP for more information.

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83-85 Union Street
+44 1803 221418 x

83-85 Union Street

Tim Brooksbank

+44 1803 221418

+44 1803 221418

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