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
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.
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.
Contacts
Seller's Solicitors
Hill Dickinson 1 St Paul?s Square, Liverpool L3 9SJ
