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15-16 The Strand 5,537 sq ft 100% Let Retail Property Torquay TQ1 2HS £1,500,000 (£270.90/sq ft) 8% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Market Opportunity
- Prominent, Prime Long-Let Leisure Investment – Highly Attractive Waterfront Location
- Torquay is a seaside town in Devon located in the district of Torbay, approximately 35 km (22 miles) south of Exeter
EXECUTIVE SUMMARY
15-16 The Strand | Torquay | TQ1 2AA
£1,500,000, Subject to contract - 8.0% NIY
£1,500,000, Subject to contract - 8.0% NIY
PROPERTY FACTS Under Offer
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Property Size
5,537 sq ft
Costar Property Class
B
Year Built
1900
Price
£1,500,000
Price per sq ft
£270.90
Yield
8%
NOI
£120,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
2.12
Total Plot Size
0.06 ac
Frontage
40 ft on Torwood St
AMENITIES
- 24 Hour Access
- Bus Route
- Commuter Rail
- Storage Space
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NEARBY MAJOR RETAILERS
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MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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15-16 The Strand
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