62 Union Street Torquay Devon TQ2 5PS

62 Union Street
Torquay
Devon
TQ2 5PS

Freehold Retail Investment

Shop let until February 2028 t/a Vision Express
Traded as Vision Express for almost 30 years
Approx. 476.20 sq. m. (5,124 sq. ft.) over Ground, Basement and First floors
Includes under croft parking for approximately 4 cars and a goods lift
Nearby occupiers include McDonalds, Costa, Waterstones, New Look, Primark and Iceland

Lot
24
Auction
10th July 2025
Rent
£27,500 per Annum Exclusive
Status
Available
Guide*
£235,000
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

Shop let until February 2028 t/a Vision Express
Traded as Vision Express for almost 30 years
Approx. 476.20 sq. m. (5,124 sq. ft.) over Ground, Basement and First floors
Includes under croft parking for approximately 4 cars and a goods lift
Nearby occupiers include McDonalds, Costa, Waterstones, New Look, Primark and Iceland

Lot 24
Auction 10th July 2025
Rent £27,500 per Annum Exclusive
Status Available
Guide* £235,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

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

Situation

The property is prominently situated in the heart of the town centre, on the south side of Union Street, close to its junction with Market Street and Union Square Shopping Centre. Nearby occupiers include McDonalds, Costa, Waterstones, New Look, Primark and Boots.

Tenure

Freehold.

Location

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

Situation

Tenure

Freehold.

Description

The property comprises a shop arranged over ground, first and basement floors. The property benefits from 4 under croft car parking spaces and a goods lift accessed via Lower Union Lane.

VAT

VAT is applicable to this lot.

Completion Period

6 week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a shop arranged over ground, first and basement floors. The property benefits from 4 under croft car parking spaces and a goods lift accessed via Lower Union Lane.

VAT

VAT is applicable to this lot.

Completion Period

6 week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (2)	Floor Areas Approx sq ft (2)	Tenant	Term	Rent p.a.x.
Ground Basement First	Retail Ancillary Ancillary	160.80 158.10 157.30	(1,730) (1,701) (1,693)	TORQUAY V.E. LIMITED, with Guarantee from ABBEFYFIELD V.E. LIMITED t/a Vision Express (1)	10 years from 15/02/2018	£27,500
Total		476.20	(5,124)			£27,500

(1) Torquay V.E. Limited is wholly owned by Vision Express (UK) Limited. For the year ending 31/12/2023 Vision Express (UK) Ltd reported a Turnover of £384,567,000, a Pre-Tax Profit of £7,920,000 and a Net Worth of £15,337,000 (NorthRow 15/04/2025). Vision Express is a British eyecare company currently operating from over 550 stores across the UK and Ireland (www.visionexpress.com).
(2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.