Next auction Thursday 25th April 2.30PM

42-44 Fleet Street, Torquay, Devon, TQ2 5DW



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Guide price

£250,000 +


Property Type

Commercial


Key Features

  • Four storey town centre building
  • Residential conversion opportunity to 9 flats (STP)
  • Currently let to a gym at £20,000 pax (VP available)
  • Architects plans showing conversion to 9 flats (STP)
  • Regular sized floor plates with good levels of natural light
  • Town centre retail location
  • Close to a wealth of local amenities
  • A short distance from Torquay Harbour

Part of the 13 December 2016 auction
Nottingham Racecourse at 2.30PM

Conversion opportunity of three upper floors to 9 spacious flats (STP)

  • Conversion opportunity of three upper floors to 9 flats (STP) with self contained ground floor entrance and rear bin store. * Occupying a prime position on Fleet Street in the retail centre of Torquay * Comprising ground, first, second and third floors of this substantial town centre building * Other occupiers at ground floor include Calypso Coffee House, The Cornish Bakery & Snappy Snaps * Currently used as a gym with potential to secure vacant possession by negotiation * Conversion opportunity (STP) with architects plans showing 9 flats * Total Gross Floor Area approximately 8,430 sq ft * Ground floor self contained entrance off Fleet Street and rear bin store area. * Surrounded by town centre amenities and with good transport links

Contact Paul Giles on (0115) 78 44 600

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Leasehold - A new 250 year Long Leasehold Interest, subject to an existing lease to Torbay Lifestyle Centre Ltd (T/A Motorise Gym) for a term of 14 years from 29/9/2009 at a rent of £20,000 pax. Vacant possession has been agreed with the tenant in principle (STC) allowing for the future redevelopment of the building.

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Email: michael.bonehill@edwardsduthie.com
Telephone: 0208 514 9000

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