Town Centre, Mixed Use Investment Opportunity

Torquay is a large and well-known resort town on the south coast of Devon. Torquay, along with the neighbouring towns of Paignton and Brixham make up the wider conurbation of Torbay.  



Torquay has a thriving marina, harbour, coastline and is home to an affluent local population, boosted in the summer months by an influx of tourists.   



The property is situated on a corner location in the pedestrianised pitch of Union Street between the junction with Market Street and its connection with Fleet Street.  



Union Street is Torquay’s principle shopping high street and this section of Union Street is considered to be 100% prime. Nearby occupiers include Primark, Superdrug, Vodafone, Three, WHSmiths and Waterstones.   



The property comprises a large ground floor retail unit with prominent corner and return frontage to Union Street and Union Lane to the side.   



The ground floor has recently been let on a new 5 year (unbroken) lease term to O2. 



The upper parts, previously ancillary, have been converted within the last year to create four apartments. 



The combined rental income when let will be £64,000 per annum.