30 / 32 Victoria Street Paignton Devon TQ4 5DN

30 / 32 Victoria Street
Paignton
Devon
TQ4 5DN

Freehold Retail and Residential Investment

  • Two shops with six self-contained flats above
  • Retail let to Mountain Warehouse Limited and Sportswift Limited
  • All flats let on ASTs
  • Excellent trading location on pedestrianised Victoria Street
  • Popular Devon seaside town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    17
  • Auction
    19th May 2016
  • Rent
    £111,240 per Annum Exclusive
  • Status
    Sold
  • Price
    £995,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail and Residential Investment

  • Two shops with six self-contained flats above
  • Retail let to Mountain Warehouse Limited and Sportswift Limited
  • All flats let on ASTs
  • Excellent trading location on pedestrianised Victoria Street
  • Popular Devon seaside town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 17
  • Auction 19th May 2016
  • Rent
  • Status Sold
  • Price £995,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
24 miles south of Exeter, 30 miles east of Plymouth
Roads
A379, A380, A3022
Rail
Paignton Railway Station
Air
Exeter International Airport, Cornwall Airport Newquay
Situation

The property is prominently situated in a central location on the southern side of the pedestrianised section of Victoria Street, in the heart of Paignton town centre. Nearby retailers include WH Smith, Boots the Chemist, New Look, Holland & Barrett, Costa and Iceland with other occupiers in the town including Poundland, Superdrug and Sports Direct.

Tenure

Freehold.

Location
Miles
24 miles south of Exeter, 30 miles east of Plymouth
Roads
A379, A380, A3022
Rail
Paignton Railway Station
Air
Exeter International Airport, Cornwall Airport Newquay
Situation

The property is prominently situated in a central location on the southern side of the pedestrianised section of Victoria Street, in the heart of Paignton town centre. Nearby retailers include WH Smith, Boots the Chemist, New Look, Holland & Barrett, Costa and Iceland with other occupiers in the town including Poundland, Superdrug and Sports Direct.

Tenure

Freehold.

Description

The property comprises two shops, one comprising retail accommodation on the ground floor only and the other providing retail accommodation at ground and ancillary accommodation at first floor. In addition there are six self-contained flats above, accessed from the rear.

Six Week Completion

VAT

VAT is not applicable to this lot.

EPC

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

Description

The property comprises two shops, one comprising retail accommodation on the ground floor only and the other providing retail accommodation at ground and ancillary accommodation at first floor. In addition there are six self-contained flats above, accessed from the rear.

Six Week Completion

VAT

VAT is not applicable to this lot.

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 Review (Reversion)
Ground Retail/Ancillary
171.56 sq m
(1,847 sq ft) MOUNTAIN
WAREHOUSE
LIMITED (1)
10 years from 15/11/2010 £35,000 (14/11/2020)
Ground
First
Retail/Ancillary
Ancillary
95.55 sq m
42.94 sq m
(1,028 sq ft)
(462 sq ft)
SPORTSWIFT
LIMITED(2)
(t/a Card Factory)
10 years from 08/10/2007 £42,000 (07/10/2017)
Flat 1 - First Residential
1 bed flat
TWO INDIVIDUALS AST for 6 months from 06/08/2012 £5,720 (3) Holding Over
Flat 2 - First Residential
2 bed flat
INDIVIDUAL AST for 6 months from 26/10/2014 £6,720 (3) Holding Over
Flat 3 - Second Residential
2 bed flat
INDIVIDUAL AST for 6 months from 01/10/2013 £5,400 (3) Holding Over
Flat 4 - Second Residential
1 bed flat
INDIVIDUAL AST for 6 months from 05/02/2010 £5,200 (3) Holding Over
Flat 5 - Third Residential
1 bed flat
INDIVIDUAL AST for 6 months from 02/10/2009 £6,000 (3) Holding Over
Flat 6 - Third Residential
Not inspected -
understood to
comprise 1 bed flat
INDIVIDUAL AST for 6 months from
27/01/2012
£5,200 (3) Holding Over
Total Commercial Area  
310.01 sq m
(3,337 sq ft)
    £111,240

(1) For the year ending 28th February 2015, Mountain Warehouse Limited, with a D&B rating of 5A 1, reported a turnover of £109,894,000, pre-tax profits of £11,961,000 and a total net worth of £37,192,000. Mountain Warehouse trade from in excess of 190 stores nationwide. (Sources: Experian Group, Dun & Bradstreet and www.mountainwarehouse.com 05/04/2016).
(2) For the year ending 31st January 2015, Sportswift Limited, with a D&B rating of 5A 1, reported a turnover of £336,676,000, pre-tax profits of £62,320,000 and a total net worth of £58,862,000. Card Factory trade from in excess of 800 stores nationwide. (Sources: Experian Group, Dun & Bradstreet and www.cardfactory.co.uk 05/04/2016).
(3) Annual equivalent rents.

Property Documents

  • Catalogue Page
    Updated Date
    19.11.19
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    19.11.19
    File Size
    114 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Tyndallwoods Solicitors 29 Woodbourne Road
Edgbaston
Birmingham
B17 8BY
Martin Dyke 0121 243 3018mdyke@tyndallwoods.co.uk

Useful Links

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

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now