Investment opportunity in Central Torquay

£150,000 Freehold
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Investment opportunity in Central Torquay

10 Lucius Street, Torquay, Devon, TQ2 5UN

A well located investment/home with income property comprising of large retail premises to ground floor, large basement, spacious self-contained 2 bedroom apartment above with large terrace, extensive solar powered system and parking to rear. The retail until is currently tenanted generating very good income and with the owner occupying the residential accommodation above....


LOCATION
Situated on Lucius Street within a terraced row of properties, and only a short walk to the town centre, harbour and sea front. Lucius Street enjoys a high footfall and vehicular passing traffic together with a predominately independent thriving business community.

 

ACCOMMODATION

 

RETAIL UNIT
With recessed entrance trough part glazed door into:

 

MAIN RETAIL AREA
6.03m x 5.24m
With suspended ceiling, recently refurbished and large floor to ceiling windows to front.

 

REAR SPACE
4.14m x 3.69m
With bespoke counter

 

HALLWAY
4.43m x 2.68m
Within this we have a small kitchenette and door to:

 

CLOAKROOM
Low level WC and window to side

 

REAR STORE/RETAILING AREA 2
5.67m x 3.24m
With window to rear Currently occupied by an independent, recognised tattooist on a 3 year lease from spring 2014.

 

RESIDENTIAL ACCOMMODATION
The property has a solar panel system that provides top up to the electricity. The current owner has not had to pay an electricity bill for several years. Access from the rear of the property through gates and up galvanized steel staircase to 1st floor terrace, through part glazed door into:

 

KITCHEN
3.15m x 2.77m
An array of base and wall mounted units, with inset stainless steel sink and drainer with ample space for washing machine, dishwasher, fridge freezer and with large window overlooking terrace and beyond.

 

INNER HALLWAY
With doors leading to:

 

BATHROOM
With bath, separate shower, low level WC and wash hand basin with window to side.

 

BEDROOM 1
4.03m x 2.97m
With builtin cupboard housing central heating boiler providing central heating and hot water throughout the property and with window to rear.

 

LOUNGE/DINER
4.41m x 3.23m
With 2 windows to front

 

BEDROOM 2
3.4m x 1.8m
With window to front

 

LARGE LANDING
With loft access hatch and wall mounted solar panel management system, the whole property is centrally heated

 

OUTSIDE
There is parking for 1 vehicle currently benefiting the accommodation to 1st floor

 

SERVICES
Mains electricity, gas, water and drainage are all connected. However, no testing of these services have been undertaken by the Agents, Ware Commercial

 

BUSINESS RATES
Please make your own enquiries on the local Valuation Website (VOA) at www.voa.gov.uk

 

TENURE
Freehold

 

VIEWINGS
All viewings and enquiries are to be made through the Agents Ware Commercial
Tel. 01803328880
Email. info@warecommercial.com www.warecommercial.com

 


Misrepresentation Act: Misrepresentation Act 1967. The Particulars are not considered a formal offer, they are for information only and give a general idea of the property. They are not to be taken as forming any part of a resulting contract nor be relied upon as statements or representations of fact. Whilst every care is taken in their preparation, no liability can be accepted for their accuracy. Intending purchasers must satisfy themselves by personal inspection or otherwise as to the correctness of these particulars.