15 Union Street
Torquay
Devon
TQ1 1ES

Freehold Retail Investment

  • Let to Waterstones Booksellers Limited until 2046
  • Prominent position on Torquay’s prime retail thoroughfare
  • Neighbouring occupiers include Primark, H&M, WH Smith, H Samuel, JD Sports and River Island
  • Lot
    10
  • Auction
    24/May/2018
  • Rent
    £152,500 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 15 Union Street<br>Torquay<br>Devon<br>TQ1 1ES
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Property Information

Location
Miles
22 miles south of Exeter, 32 miles east of Plymouth, 85 miles south of Bristol
Roads
A380, A38, A385, M5
Rail
Torquay Railway Station
Air
Exeter International Airport
Situation

The property is prominently situated in a strong retailing position on the east side of pedestrianised Union Street, the town’s prime retail thoroughfare. Neighbouring occupiers include Primark, H&M, WH Smith, H Samuel, JD Sports and River Island.

Tenure

Freehold.

Description

The property comprises ground and first floor retail accommodation with ancillary accommodation on the second floor. The property benefits from rear access via Pimlico.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
Ground
First
Second
Retail/Ancillary
Retail/Ancillary
Ancillary
479.92 sq m
224.45 sq m
204.29 sq m
(5,166 sq ft)
(2,416 sq ft)
(2,199 sq ft)
WATERSTONES
BOOKSELLERS
LIMITED (1)
Approximately 31
years & 10 months
from 09/05/2014
until 27/03/2046 on
a full repairing and
insuring lease
£152,50025/03/2018
and
25/03/2032
Total
908.66 sq m
(9,781 sq ft)
  £152,500 

(1) For the year ending 29th April 2017, Waterstones Booksellers Limited reported a turnover of £387,973,000, a pre-tax profit of £19,157,000 and a total net worth of £1,756,000 (Source: Experian Group 12/4/2018). Waterstones currently trade from over 280 stores nationwide. Waterstones have recently been acquired by US Hedge Fund, Elliot Advisors.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    21.05.18
    File Size
    61 MB
    Login to View
  • Catalogue Page
    Updated Date
    02.05.18
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    02.05.18
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Blackstone Solicitors The Courtyard, 7 Francis Grove
Wimbledon
London
SW19 4DW
Tehmina Yakoob 0208 971 9520t.yakoob@blackstonesolicitors.com

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