Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment on a popular pedestrianised street.
Arranged across ground and three upper floors, the ground floor (755 sq ft / 70.16 sq m) is let to Hays Travel Limited on a lease expiring 14/12/2026 and paying a rent of £23,500 per annum. The upper parts, totalling 1,932 sq ft (179.55 sq m) are vacant and accessed separately from the rear of the property.
We understand the ground floor was occupied prior to the Hays Travel acquisition of Thomas Cook. This, alongside the unexercised break in 2021 speaks to the tenants longstanding commitment to the location.
Union Street is the principal, pedestrianised, retail amenity within the popular tourist destination of Torquay. The property enjoys high footfall by virtue of its prominent position on Union Street, which is also anchored by Union Square Shopping Centre and its large multi-storey car park.
Tenure
Freehold
Tenancy
The ground floor is let to Hays Travel Limited on a lease expiring 14/12/2026 paying a rent of £23,500 per annum. The lease included a break clause in 2021 which was not exercised.
The upper parts are offered with full vacant possession.
Planning
Whilst there are no extant planning consents, the vacant upper parts (which include separate access) offer evident potential for conversion to alternative uses, including residential (subject to obtaining the requisite consents).
Rent