Directly Opposite the Union Square Shopping Centre on Torquay’s prime retail thoroughfare
Nearby occupiers include Primark, New Look, Costa Coffee, River Island, Holland & Barrett and McDonald’s
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 43
Auction 30th March 2017
Rent £145,000 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
22 miles south of Exeter, 32 miles east of Plymouth, 85 miles south-west of Bristol
Roads
A380, A38, 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 south side of Union Street, Torquay’s prime retailing thoroughfare. The property is located opposite the Union Square Shopping Centre,with nearby occupiers including Primark, New Look, Costa Coffee, River Island, Holland & Barrett and McDonald’s.
Tenure
Freehold.
Location
Miles
22 miles south of Exeter, 32 miles east of Plymouth, 85 miles south-west of Bristol
Roads
A380, A38, 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 south side of Union Street, Torquay’s prime retailing thoroughfare. The property is located opposite the Union Square Shopping Centre,with nearby occupiers including Primark, New Look, Costa Coffee, River Island, Holland & Barrett and McDonald’s.
Tenure
Freehold.
Description
The property comprises a substantial ground floor retail unit with ancillary accommodation in the basement and on the first floor. The property benefits from a recent programme by the tenant to renew the air conditioning and some refurbishment of the retail area. The property further benefits from rear access via Lower Union Lane.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial ground floor retail unit with ancillary accommodation in the basement and on the first floor. The property benefits from a recent programme by the tenant to renew the air conditioning and some refurbishment of the retail area. The property further benefits from rear access via Lower Union Lane.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground Basement First
Retail Ancillary Ancillary
658.70 sq m 332.50 sq m 113.10 sq m
(7,090 sq ft) (3,579 sq ft) (1,217 sq ft)
BOOTS UK LIMITED (1)
5 years from 22/05/2015 on a full repairing and insuring lease
£145,000
21/05/2020
Totals
1,104.30 sq m
(11,887 sq ft)
£145,000
(1) For the year ending 31st August 2015, Boots UK Limited reported a turnover of £9,198,000,000, pre-tax profits of £542,000,000 and a total net worth of £367,000,000 (Source: www.riskdisk.com 22/02/2017).
