39-41 Torwood Street Torquay Devon TQ1 1DZ

  • 39-41 Torwood Street<br>Torquay<br>Devon<br>TQ1 1DZ

39-41 Torwood Street
Torquay
Devon
TQ1 1DZ

Freehold Bar/Restaurant/Nightclub Investment

  • First time on market for at least 20 years
  • Well located in main leisure area of town
  • Prominent corner position close to the Harbour
  • Two restaurant units with nightclub
  • Entirely let until 2028 (no breaks)
  • Six Week Completion Available
  • Lot
    24
  • Auction
    21st March 2013
  • Rent
    £154,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £950,000
  • Auction Venue
    The Dorchester Hotel
    Park Lane Entrance
    Mayfair
    London W1K 1QA
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Freehold Bar/Restaurant/Nightclub Investment

  • First time on market for at least 20 years
  • Well located in main leisure area of town
  • Prominent corner position close to the Harbour
  • Two restaurant units with nightclub
  • Entirely let until 2028 (no breaks)
  • Six Week Completion Available
  • Lot 24
  • Auction 21st March 2013
  • Rent £154,000 per Annum Exclusive
  • Status Sold
  • Price £950,000
  • Sector
    Leisure
  • Auction Venue
    The Dorchester Hotel
    Park Lane Entrance
    Mayfair
    London W1K 1QA

Property Information

Location
Miles
25 miles south of Exeter,35 miles east of Plymouth
Roads
A380, A385
Rail
Torquay Rail
Air
Bristol International Airport
Situation

The property is situated in a prominent corner location on the southern side of Torwood Street, at its junction with Parkhill Road in the main leisure district in the town centre. Nearby occupiers include AMF Bowling, McColls Convenience Store and a number of other independent retailers.

Tenure

Freehold.

Location
Miles
25 miles south of Exeter,35 miles east of Plymouth
Roads
A380, A385
Rail
Torquay Rail
Air
Bristol International Airport
Situation

The property is situated in a prominent corner location on the southern side of Torwood Street, at its junction with Parkhill Road in the main leisure district in the town centre. Nearby occupiers include AMF Bowling, McColls Convenience Store and a number of other independent retailers.

Tenure

Freehold.

Description

The property comprises a restaurant, a bar/restaurant and a nightclub over two levels.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a restaurant, a bar/restaurant and a nightclub over two levels.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

No. Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
39


Restaurant
415.09 sq m
(4,468 sq ft)

INDIVIDUALS (t/a Simla
Spice Indian Restaurant)
24 years from
12/08/2004 until
11/08/2028
£32,000 11/08/2014 and
five yearly
41 Bar/
Restaurant
610.28 sq m
(6,569 sq ft)
HENNESSY RESTAURANT
LIMITED (t/a Hennessy
Restaurant & Cocktail Lounge)
24 years from
24/06/2004 until
22/04/2028
£32,000 29/09/2014 and
five yearly
41 Nightclub
935.16 sq m





(10,066 sq ft)
JAM LEISURE LIMITED
(t/a Bohemia Nightclub) (1)
40 years from
22/04/1988 until
21/04/2028
£90,000 03/04/2013 and
five yearly
Totals  
1,960.53 sq m
(21,103 sq ft) (2)
    £154,000  

(1) Bohemia Nightclub has been trading for at least 25 years.
(2)The floor areas are gross internal.

Contacts

Seller's Solicitors
Kitsons Solicitors Minerva House, Orchard Way, Edginswell Park
Torquay
TQ2 7FA
Richard Hutchings 01803 202 020richard.hutchings@kitsons-solicitors.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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