An opportunity to acquire this substantial freehold workshop building that comprises two adjoining terraced buildings, one arranged over two floors, the other arranged over three floors, comprising a total of circa 2785 sq. ft.
An opportunity to acquire this substantial freehold workshop building that comprises two adjoining terraced buildings, one arranged over two floors, the other arranged over three floors, comprising a total of circa 2785 sq. ft. Berachah Road is well know in Torquay for its mixture of commercial and residential property and is sought after by those wanting to rent workshop premises. The building is currently vacant in readiness for sale but we feel a workshop premises of this size, style and layout would rent for as much as £15,000 per annum. Based on this rent and asking price, this offers any intending purchaser the opportunity of an excellent investment with a gross yield of 15.8%.
SUBSTANTIAL FREEHOLD WORKSHOP PREMISES
CIRCA 2785 SQ FT ARRANGED OVER TWO/THREE FLOORS
KITCHENETTE, CLOAKROOM & SHOWER ROOM FACILITIES
REQUIRES MINOR REFURBISHMENT
LOADING BAY TO ONE HALF OF THE BUILDING
IDEAL FOR OWNER OCCUPATION
INCREDIBLE INVESTMENT OPPORTUNITY WITH GROSS YIELD OF CIRCA 15.8%
Ground floor single door entrance:
GROUND FLOOR WORKSHOP AREA Circa 422.44 sq. ft.
Toilets to rear with additional ladies WC and shower cubicle
FIRST FLOOR WORKSHOP AREA Circa 318.53 sq. ft.
FIRST FLOOR OFFICE Circa 40 sq. ft.
FIRST FLOOR LEAN TO AREA Circa 97.6 sq. ft.
SECOND FLOOR STORAGE AREA Circa 153.4 sq. ft.
Ground floor single door entrance plus wide loading bay with roller shutters:
GROUND FLOOR WORKSHOP AREA Circa 446.54 sq. ft.
GROUND FLOOR WORKSHOP AREA Circa 305 sq. ft.
FIRST FLOOR STORAGE AREA Circa 293.04 sq. ft.
FIRST FLOOR WORKSHOP AREA Circa 467.10 sq. ft.
Arranged open plan with access to each building from both ground and first floors. The total square footage includes the toilet and shower areas. Three phase electric supply installed with lighting and power sockets throughout and mains water.
We understand that the rateable value on the entire premises is £6,700 effective 1st April 2010. Small Business Rate Relief may be available if you only use the one property and/or the properties rateable value is less than £12,000. Any intending purchaser should however make their own enquiries.
PRICE Offers Around £95,000 Freehold.