Summary
- Asking price:
- £178,500
- Sales revenue:
- < £200k
- Net profit:
- < £100k
Business description
We are pleased to be able to offer for sale this investment property consisting of a lock up retail unit, currently operating as a fish and chip shop/takeaway, and a self contained two bedroom residential flat to first floor
THE LOCATION
- Ideally located on Hele Road which is one of the main arterial roads in Torquay, within a densely populated area
THE INVESTMENT
- The business is leased on a 15 year Full Repairing and Insuring Lease with a commencing annual rental from October 2007 of £6,500. The flat is currently let on an Assured Shorthold Tenancy Agreement with an annual income of £6,300
Property information
- Property:
- Freehold
- Location:
- THE LOCATION
- Ideally located on Hele Road which is one of the main arterial roads in Torquay, within a densely populated area
- Premises details:
- ACCOMMODATION COMPRISES
-
RETAIL UNIT
- Through part glazed door into
MAIN RETAIL AREA
7.25m x 4.31m (23' 9" x 14' 2") - Through archway into
KITCHEN
3.45m x 2.85m (11' 4" x 9' 4") - Door into
PREP AREA
4.22m x 3.28m (13' 10" x 10' 9") - Door leading into
CLOAKROOM
- Staff cloakroom comprising low level WC and wash hand basin
STAFF ROOM/LOUNGE
4.31m x 3.12m (14' 2" x 10' 3") – Benefiting from feature fireplace with flame gas fire and patio doors
RESIDENTIAL ACCOMMODATION
- Stairs leading to first floor
HALLWAY
- With doors leading off to
BEDROOM 1
2.89m max x 4.13m (9' 6" max x 13' 7") – With gas fire
BEDROOM 2
4.30m x 2.80m (14' 1" x 9' 2") – With gas fire
LOUNGE
3.77m max x 4.86m into bay window (12' 4" max x 15' 11" into bay window) – With gas fire
BATHROOM
2.52m x 2.57m (8' 3" x 8' 5") – Comprising of panel bath with shower over, low level WC and wash hand basin. Fully tiled throughout
KITCHEN
3.45m x 3.36m (11' 4" x 11' 0") – Benefiting from an array of base and wall mounted units with inset oven and hob
OUTSIDE
- To the rear there is a fully enclosed, concrete screeded courtyard with a large elaborate wooden shed containing washing machines, tumble dryer, additional chest freezers and general storage. The courtyard benefits from both side access and also gate to rear alley
Contact the seller
For more information about this business for sale, click the Contact Seller button.
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