49 Union Street Torquay Devon TQ1 1ET

49 Union Street
Torquay
Devon
TQ1 1ET

Freehold Retail Investment

Shop let to Hays Travel Limited
Lease expiring December 2026
Tenant break option in December 2021 not exercised
Separately accessed upper floors offered with vacant possession (1,932 sq ft)
Nearby retailers include Primark, Boots the Chemist, Superdrug, River Island, Holland & Barrett, JD Sports, McDonald's and Costa Coffee

Lot
42
Auction
2nd November 2023
Rent
£23,500 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

Shop let to Hays Travel Limited
Lease expiring December 2026
Tenant break option in December 2021 not exercised
Separately accessed upper floors offered with vacant possession (1,932 sq ft)
Nearby retailers include Primark, Boots the Chemist, Superdrug, River Island, Holland & Barrett, JD Sports, McDonald's and Costa Coffee

Lot 42
Auction 2nd November 2023
Rent £23,500 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 22 miles south of Exeter, 32 miles east of Plymouth, 85 miles south of Bristol
Roads: A38, A380, A385, M5
Rail: Torquay Railway Station
Air: Exeter International Airport

Situation

The property is prominently situated in the heart of the town centre, on the pedestrianised part of Union Street, Torquay’s prime retailing thoroughfare. Nearby retailers include Primark, Boots the Chemist, Superdrug, River Island, Holland & Barrett, JD Sports, McDonald's and Costa Coffee.

Tenure

Freehold.

Location

Miles: 22 miles south of Exeter, 32 miles east of Plymouth, 85 miles south of Bristol
Roads: A38, A380, A385, M5
Rail: Torquay Railway Station
Air: Exeter International Airport

Situation

Tenure

Freehold.

Description

The property comprises a shop arranged on the ground floor with separately accessed first, second and third floors, offered vacant.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Description

The property comprises a shop arranged on the ground floor with separately accessed first, second and third floors, offered vacant.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Ground	Retail/Ancillary	70.16	(755)	HAYS TRAVEL LIMITED (1)	10 years from 15/12/2016	£23,500
First/Second/Third	Ancillary	179.55	(1,932)	VACANT	-	-
Total		249.71	(2,687)			£23,500

(1) For the year ending 30th April 2022, Hays Travel Limited reported a turnover of £219,409,000, a pre-tax profit of £14,355,000 and a net worth of £26,539,000 (www.northrow.com).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.