Property photos
Just added
Freehold
£185,000
Property for sale
Fore Street, St. Marychurch, Torquay TQ1Local area information
Property location
Nearby amenities
- Abbey School 0.1 miles
- Priory Roman Catholic Primary School, Torquay 0.2 miles
- Torre 1.2 miles
- Torquay - North Quay 1.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Torquay to find out more about the local area.
Features and description
- Freehold
- Commercial Investment Opportunity in the Heart of St. Marychurch Precinct
- Currently Arranged as Ground Floor Retail & First Floor Office
- Being Sold with Vacant Possession of the Ground Floor
- Future Residential Conversion Potential of First Floor (Subject to Planning)
- An Opportunity for Either Investor or Owner Occupiers in this Sought After Location
Commercial Investment Opportunity om the Heart of St. Marychurch Precinct. Currently Arranged as Ground Floor Retail & First Floor Office.
The property is located at the lower end of the St. Marychurch Precinct in the St. Marychurch area of Torquay. This is a thriving commercial area with a superb selection of local independent and national businesses. Nearby occupiers include a selection of retailers, pubs and cafes, professional service occupiers, convenience stores and beauty operators. This is also a popular residential area. 7 Fore Street is located at the prime lower end of the pedestrianised precinct.
The property comprises a ground floor lockup retail unit, with ancillary basement storage. Most recently this has traded as a florist but is being sold with Vacant Possession, giving investors an opportunity to relet on their own terms or owner occupiers the potential for trading from their own freehold shop.
The separately accessed and self-contained upper parts are currently arranged as an office. The offices are let on flexible terms. There is potential for formalisation of this arrangement with the tenant or for achieving Vacant Possession.
The first floor layout is as a residential flat and therefore, there is great potential for conversion back to residential use in future (subject to necessary planning consents).
Ground Floor Retail
Frontage (17' 6'' x 24' 1'' (5.33m x 7.33m))
Rear Kitchenette (9' 0'' x 5' 7'' (2.74m x 1.69m))
Ancillary Room (11' 3'' x 10' 8'' (3.43m x 3.26m))
WC & Shower Room
Basement
Approx. 21.4m2.
Rear Yard Area
First Floor
Accessed from a separate entrance on to Fore Street with hallway leading up to half landing.
Shower Room
With wash hand basin, WC and Shower.
Kitchen (7' 3'' x 11' 11'' (2.2m x 3.64m))
First Floor
Office 1 (12' 11'' x 14' 5'' (3.94m x 4.4m))
Office 2 (7' 10'' x 13' 9'' (2.38m x 4.2m))
Office 3 (14' 8'' x 13' 8'' (4.48m x 4.16m))
Tenure
The property is available freehold. This is with Vacant Possession of the ground floor shop and subject to the lease of the first floor.
We are informed that the first floor is let on an expired lease at a rent of £3,000 per annum, with a rolling two month mutual notice period.
Rateable Value
Ground Floor, 7 Fore Street - 2023 List: £13,250.
First Floor, 7 Fore Street - 2023 List: £4,700.
Please note this is not Rates Payable. Qualifying Small Businesses will be entitled to degrees of Small Business Rate Relief.
EPC Rating's
7 Fore Street - C. (Expiring July 2032).
7A Fore Street - E. (Expiring September 2027).
VAT
We are informed that the property is not elected for VAT and therefore VAT is not chargeable on purchase price or rent at this time.
Legal Costs
Each party are to bear their own legal costs incurred in any transaction.
Viewing
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.
The property is located at the lower end of the St. Marychurch Precinct in the St. Marychurch area of Torquay. This is a thriving commercial area with a superb selection of local independent and national businesses. Nearby occupiers include a selection of retailers, pubs and cafes, professional service occupiers, convenience stores and beauty operators. This is also a popular residential area. 7 Fore Street is located at the prime lower end of the pedestrianised precinct.
The property comprises a ground floor lockup retail unit, with ancillary basement storage. Most recently this has traded as a florist but is being sold with Vacant Possession, giving investors an opportunity to relet on their own terms or owner occupiers the potential for trading from their own freehold shop.
The separately accessed and self-contained upper parts are currently arranged as an office. The offices are let on flexible terms. There is potential for formalisation of this arrangement with the tenant or for achieving Vacant Possession.
The first floor layout is as a residential flat and therefore, there is great potential for conversion back to residential use in future (subject to necessary planning consents).
Ground Floor Retail
Frontage (17' 6'' x 24' 1'' (5.33m x 7.33m))
Rear Kitchenette (9' 0'' x 5' 7'' (2.74m x 1.69m))
Ancillary Room (11' 3'' x 10' 8'' (3.43m x 3.26m))
WC & Shower Room
Basement
Approx. 21.4m2.
Rear Yard Area
First Floor
Accessed from a separate entrance on to Fore Street with hallway leading up to half landing.
Shower Room
With wash hand basin, WC and Shower.
Kitchen (7' 3'' x 11' 11'' (2.2m x 3.64m))
First Floor
Office 1 (12' 11'' x 14' 5'' (3.94m x 4.4m))
Office 2 (7' 10'' x 13' 9'' (2.38m x 4.2m))
Office 3 (14' 8'' x 13' 8'' (4.48m x 4.16m))
Tenure
The property is available freehold. This is with Vacant Possession of the ground floor shop and subject to the lease of the first floor.
We are informed that the first floor is let on an expired lease at a rent of £3,000 per annum, with a rolling two month mutual notice period.
Rateable Value
Ground Floor, 7 Fore Street - 2023 List: £13,250.
First Floor, 7 Fore Street - 2023 List: £4,700.
Please note this is not Rates Payable. Qualifying Small Businesses will be entitled to degrees of Small Business Rate Relief.
EPC Rating's
7 Fore Street - C. (Expiring July 2032).
7A Fore Street - E. (Expiring September 2027).
VAT
We are informed that the property is not elected for VAT and therefore VAT is not chargeable on purchase price or rent at this time.
Legal Costs
Each party are to bear their own legal costs incurred in any transaction.
Viewing
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.
More information
Listed by
Bettesworths Commercial
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