£275,000
Property for sale
Property photos
Just added
Freehold
£275,000
Property for sale
Torbay Road, Paignton TQ4Local area information
Property location
Nearby amenities
- Paignton 0.1 miles
- Curledge Street Academy 0.4 miles
- Sacred Heart Catholic School 0.5 miles
- Torquay 2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Paignton to find out more about the local area.
Features and description
- Freehold
- Mixed Use Freehold Investment Property
- Prime Location on Paignton’s Torbay Road
- Two Established Commercial Tenants
- Two residential Apartments on 1st & 2nd Floors
- Fr&I Leases Creating an Income of £25,825 pa
Mixed Use Freehold Investment Property. Prime Location on Paignton's Torbay Road.
Situated on Torbay Road, which connects Paignton town centre to the seafront, the premises enjoys the best of both Paignton's busy retail centre and the more tourist focussed area of town. It is also walking distance to Paignton’s Sea Front, Town Centre and rail & coach station. The area is a highly sought after residential and commercial location.
Two long established businesses trade from the ground floor commercial units. One a gift shop and the other an Italian restaurant. The lease for the gift shop which fronts Torbay Road also includes 2 residential apartments above and a large basement storage area. Both premises are let on fully repairing and insuring leases generating a total income of £25,825 per annum.
26-28 Torbay Road
A ground floor retail shop and basement with 2 self-contained apartments above. The premises is held on a fr&I lease with a term of 20 years from 2008, expiring in November 2028. The current rent is £17,000 per annum.
28 Queens Road
A restaurant premises accessed via Queens Road. A new fr&I 15 year lease is being drawn up at a rent of £8,825 per annum.
General Information
Tenure
The property is being sold Freehold, subject to the commercial leases.
Rateable Value
26-28 Torbay Road - 2026 List: £9,000
28 Queens Road – 2026 List: £9,200
Please note this is not Rates Payable. The tenant is responsible for all Rates Payable.
Council Tax Band
Flat 1 at 26 Torbay Road - B.
Flat 2 at 26 Torbay Road - A.
EPC Ratings
26-28 Torbay Road – Awaited.
28 Queens Road – D.
Services
The premises is connected to all mains services.
Viewing
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths. Tel.
All interested parties are politely requested to respect the tenants' quiet enjoyment of the property.
Situated on Torbay Road, which connects Paignton town centre to the seafront, the premises enjoys the best of both Paignton's busy retail centre and the more tourist focussed area of town. It is also walking distance to Paignton’s Sea Front, Town Centre and rail & coach station. The area is a highly sought after residential and commercial location.
Two long established businesses trade from the ground floor commercial units. One a gift shop and the other an Italian restaurant. The lease for the gift shop which fronts Torbay Road also includes 2 residential apartments above and a large basement storage area. Both premises are let on fully repairing and insuring leases generating a total income of £25,825 per annum.
26-28 Torbay Road
A ground floor retail shop and basement with 2 self-contained apartments above. The premises is held on a fr&I lease with a term of 20 years from 2008, expiring in November 2028. The current rent is £17,000 per annum.
28 Queens Road
A restaurant premises accessed via Queens Road. A new fr&I 15 year lease is being drawn up at a rent of £8,825 per annum.
General Information
Tenure
The property is being sold Freehold, subject to the commercial leases.
Rateable Value
26-28 Torbay Road - 2026 List: £9,000
28 Queens Road – 2026 List: £9,200
Please note this is not Rates Payable. The tenant is responsible for all Rates Payable.
Council Tax Band
Flat 1 at 26 Torbay Road - B.
Flat 2 at 26 Torbay Road - A.
EPC Ratings
26-28 Torbay Road – Awaited.
28 Queens Road – D.
Services
The premises is connected to all mains services.
Viewing
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths. Tel.
All interested parties are politely requested to respect the tenants' quiet enjoyment of the property.
More information
Listed by
Bettesworths Commercial
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