COMMERCIAL INVESTMENT OPPORTUNITY

A prominently located occupied investment property close to the busy cross roads of Torquay Road and Manor Road. The property offers spacious and versatile ground floor retail accommodation, whilst there also being a first floor small store, with good internal storage and two parking spaces at the rear. TENURE Freehold subject to lease. TENANCY The property is sold with the benefit of a lease of the premises dated 17th May 2019 for a period of 15 years with a tenants only break 17th May 2024. There are rent reviews every 5th anniversary. The current passing rent is £12,000 per annum. EPC Rating; D. ACCOMMODATION Ground floor; Retail sales and storage area. First floor; Store. IMPORTANT INFORMATION All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day. AUCTION LEGAL PACK & FINANCE Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal and finance enquiries prior to the auction.