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
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

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

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.

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

C

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

C

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.

Property Documents

  • Catalogue Page
    Updated Date
    07.11.19
    File Size
    1,011 KB
    View PDF
  • Site Plan
    Updated Date
    07.11.19
    File Size
    3 MB
    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

Seller's Solicitors
Clyde & Co St Botolph Building, 138 Houndsditch
London
EC3A 7AR
Andrew Hardman 0207 876 4836andrew.hardman@clydeco.com

Useful Links

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

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