65 Union Street Torquay Devon TQ1 3DA

65 Union Street
Torquay
Devon
TQ1 3DA

Freehold Retail Investment

Entirely let to Tony Pryce Sports Limited t/a Animal
Prominent position on Torquay’s prime retail thoroughfare close to the entrance of Union Square shopping centre
Nearby occupiers include Costa Coffee,
Nationwide, Boots Chemist, and New Look

Lot
50
Auction
5th December 2013
Rent
£50,000 per Annum Exclusive
Status
Sold
Price
£211,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of The Co-operative Estates

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Freehold Retail Investment

Entirely let to Tony Pryce Sports Limited t/a Animal
Prominent position on Torquay’s prime retail thoroughfare close to the entrance of Union Square shopping centre
Nearby occupiers include Costa Coffee,
Nationwide, Boots Chemist, and New Look

Lot 50
Auction 5th December 2013
Rent £50,000 per Annum Exclusive
Status Sold
Price £211,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of The Co-operative Estates

Property Information

Location

Miles: 22 miles south of Exeter, 32 miles east of Plymouth, 85 miles south of Bristol
Roads: A38 (linking J31 of the M5 to the north), A385 and A3022
Rail: Torquay and Torre Railway Stations, Exeter (40 mins), Plymouth (1 hr 7 mins) and London (3 hrs)
Air: Exeter Airport

Situation

The property is situated on the north side of Union Street, Torquay’s prime retail thoroughfare and close to the entrance of Union Square Shopping Centre. The property benefits from its proximity to numerous national retailers including Costa Coffee, Nationwide, Boots Chemist, and New Look.

Tenure

Freehold.

Location

Miles: 22 miles south of Exeter, 32 miles east of Plymouth, 85 miles south of Bristol
Roads: A38 (linking J31 of the M5 to the north), A385 and A3022
Rail: Torquay and Torre Railway Stations, Exeter (40 mins), Plymouth (1 hr 7 mins) and London (3 hrs)
Air: Exeter Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with storage and staff accommodation over first and second floors.

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 ground floor retail unit with storage and staff accommodation over first and second floors.

VAT

VAT is 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	Reversion
Ground First Second	Retail Storage/Staff Room Storage	131.51 sq m 97.30 sq m 45.33 sq m	(1,416 sq ft) (1,047 sq ft) (488 sq ft)	TONY PRYCE SPORTS LIMITED t/a Animal Clothing (1)	5 years 3 months from 25/12/2011 on a full repairing and insuring lease (2)	£50,000	25/03/2016
Totals		274.14 sq m	(2,951 sq ft)			£50,000

(1) Conceived in 1987, Animal is a UK action sports lifestyle brand trading from approximately 24 stores in the UK (www.animal.co.uk 08/11/2013).
(2) The lease provides a rolling option to determine subject to 12 months notice. The tenant has provided notice to exercise this break and the lease will therefore expire on 6th September 2014.