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* Contact Us
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
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.
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.
