Best & Final Offers Should be Received in Writing to Bettesworths by 12 Noon on the 10th May 2022.
The property is situated in the popular shopping precinct of St Marychurch, Torquay. The area services the local boroughs of St Marychurch, Babbacombe and Watcombe, and is home to a range of local independent businesses.
The property is a large mixed-use investment in need of extensive refurbishment and potentially redevelopment. Currently the property comprises of a retail unit (previously trading as two units) and 5 flats of varying size and condition.
The retail unit is currently tenanted at a rent of approx. £880pcm, with the tenant vacating due to retirement in December 2022.
The residential element is in two sections, with 2 bedroom flat and 3 bedroom flat above the retail unit and 3 x 1 bedroom flats at the rear of the building. The 2 & 3 bedroom flats are in need of refurbishment throughout. The 3 x 1 bedroom flats require more extensive repair.
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.