90 - 96 Union Street Torquay Devon TQ2 5PY

90 - 96 Union Street
Torquay
Devon
TQ2 5PY

Town Centre Freehold Retail/Redevelopment Opportunity

Substantial town centre building comprising approximately 44,337 sq ft on a site of 0.35 acres
Popular tourist destination and commercial centre for the region
Nearby occupiers include Boots, Clarks, Costa, Superdrug, Argos and McDonald’s
Entirely let to Buyology Limited
Potential to redevelop former department store - with change of use opportunities (subject to consents)

Lot
98
Auction
18th October 2018
Status
Sold Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Town Centre Freehold Retail/Redevelopment Opportunity

Substantial town centre building comprising approximately 44,337 sq ft on a site of 0.35 acres
Popular tourist destination and commercial centre for the region
Nearby occupiers include Boots, Clarks, Costa, Superdrug, Argos and McDonald’s
Entirely let to Buyology Limited
Potential to redevelop former department store - with change of use opportunities (subject to consents)

Lot 98
Auction 18th October 2018
Status Sold Prior
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

Torquay is a popular south-west UK tourist destination and is the commercial and retail centre for the Torbay area. 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 Boots, Clarks, Costa, Superdrug, Argos 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

Tenure

Freehold.

Description

The property comprises a purpose built former department store arranged over lower ground, ground, first and second floors. The property benefits from a glazed canopy fronting
Union Street and loading to the rear. There is a footbridge at the rear of the property which oversails Temperance Street and connects the former department store and Union Street
with the multi-storey car park. The area has been identified by the Council as being key to the regeneration of the upper end of Torquay town centre. The Council intends to refurbish the adjoining multi storey car park and covered walkway running alongside the subject property.

VAT

VAT is applicable to this lot.

EPC

Description

VAT

VAT is applicable to this lot.

EPC

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Lower Ground Ground First Second	Retail/Ancillary Retail/Ancillary Retail/Ancillary Ancillary	1,355.00 sq m 1,201.00 sq m 1,266.00 sq m 297.00 sq m	(14,585 sq ft) (12,928 sq ft) (13,627 sq ft) (3,197 sq ft)	BUYOLOGY LIMITED (1)	Term commencing 23/09/2016 (2)	Nil	31/01/2019
Total		4,119.00 sq m	(44,337 sq ft)			Nil

(1) Buyology is an established discount retailer with five stores throughout the UK (www.buyology.co.uk).
(2) The lease is outside of the security of tenure provisions of the Landlord and Tenant Act 1954.