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49 Torbay Rd 3,683 sq ft Retail Property Paignton TQ4 6AA £425,000 (£115.40/sq ft)
Investment Highlights
- The property occupies a highly prominent corner position in a busy retail and tourist location.
- The property offers significant flexibility for owner-occupiers, investors, or developers.
- The opportunity includes both commercial restaurant space and a refurbished residential apartment.
Executive Summary
An excellent opportunity to acquire a freehold mixed-use property comprising a former fish and chip takeaway and restaurant together with a self-contained three-bedroom refurbished apartment, prominently positioned on a busy corner along Torbay Road in Paignton.
The commercial element is arranged over ground and first floors and provides extensive trading space, previously used as a takeaway and restaurant. While the business has not been actively trading for some time, the property benefits from a programme of refurbishment, including upgrades to the building and equipment. The trading areas now offer a blank canvas for an incoming owner to reconfigure, modernise, or repurpose to suit a variety of uses, subject to the necessary consents.
The commercial element is arranged over ground and first floors and provides extensive trading space, previously used as a takeaway and restaurant. While the business has not been actively trading for some time, the property benefits from a programme of refurbishment, including upgrades to the building and equipment. The trading areas now offer a blank canvas for an incoming owner to reconfigure, modernise, or repurpose to suit a variety of uses, subject to the necessary consents.
Property Facts
Sale Type
Investment or Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Property Size
3,683 sq ft
Year Built
1980
Price
£425,000
Price per sq ft
£115.40
Tenancy
Single
Number of Floors
3
Plot ratio
2.11
Total Plot Size
0.04 ac
Parking
5 Spaces (1.36 Spaces per 1,000 sq ft Leased)
Amenities
- Restaurant
- Security System
- Storage Space
- Smoke Detector
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Nearby Major Retailers
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49 Torbay Rd
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