Property photos
Freehold
£250,000
Property for sale
Lucius Street, Torquay TQ2Local area information
Property location
Nearby amenities
- Cockington Primary School 0.3 miles
- EF Academy Torbay 0.4 miles
- Torquay 0.5 miles
- Torre 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Torquay to find out more about the local area.
Features and description
- Freehold
- Mixed Use Investment Property in Popular Parade
- Commercial Unit, 4-Bedroom Flat and Basement
- Fully Let, Generating £2,400pcm (£28,800p.a.)
- Basement Vacant and Benefitting from Independent Street Access
- Viewing Highly Recommended
Mixed Use Investment Property in Popular Parade. Fully Let, Generating £2,400pcm (£28,800 pa).
Lucius Street is a well-established, edge of town centre shopping parade in Torquay, South Devon. Lucius Street has a vibrant mix of independent occupiers including retailers, professional services and office users. Being located close to the main town centre of Torquay, the seafront and the principle arterial routes of the town, Lucius Street is a very convenient trading location.
21 Lucius Street is a mixed-use investment property, comprised of a ground floor commercial unit, 4-bedroom flat and separate basement.
The commercial unit is let to an Aesthetics and Beauticians business at a rent of £800pcm on a rolling yearly lease. The residential accommodation is arranged as a 4 bedroom- flat over two floors. The accommodation is spacious and is let at £1,300pcm. The basement is currently let on a rolling lease at £300pcm and has its own independent entrance, accessed via the lane at the rear of the property. The basement could be utilised as a store/ workshop.
Commercial Unit
Previously arranged as two units but now combined and let to one tenant on a yearly rolling agreement at £800pcm.
Retail (31' 10'' x 9' 11'' (9.71m x 3.02m))
Treatment Room (21' 2'' x 6' 10'' (6.45m x 2.08m))
Store Room (14' 11'' x 5' 10'' (4.55m x 1.79m))
Treatment Room (24' 0'' x 8' 1'' (7.31m x 2.47m))
WC
Basement
The basement can be accessed internally via the commercial unit and independently via an entrance door on the rear lane. This allows the basement to be combined or let separately from the commercial unit.
Depth: 15.45m (50' 8'')
Width: 5.52m (18' 1'')
Arranged as 6 rooms with a small amount of natural light from light wells.
Residential Accomodation
Arranged as a 4-bedroom flat and let at a rent of £1,300pcm.
First Floor
Kitchen (9' 5'' x 7' 9'' (2.86m x 2.35m))
Dining Room (9' 7'' x 6' 9'' (2.92m x 2.05m))
Shower Room
Living Room (15' 0'' x 10' 8'' (4.57m x 3.24m))
Bedroom (9' 8'' x 7' 0'' (2.95m x 2.13m))
Bedroom (13' 1'' x 11' 4'' (4.00m x 3.46m))
Second Floor
Kitchen (11' 7'' x 8' 8'' (3.53m x 2.64m))
Bedroom (17' 5'' x 8' 9'' (5.31m x 2.67m))
Bedroom (14' 3'' x 8' 10'' (4.34m x 2.69m))
Bathroom (8' 5'' x 5' 0'' (2.56m x 1.52m))
Tenure
Freehold subject to the occupational leases of the shop and flat.
Leases
Shop Let to one tenant at £800pcm on a rolling yearly contract.
Flat Let on an AST at £1,300pcm.
Basement Currently Let on a rolling lease at £300pcm.
Utilities
The flat has its own electric and gas meter. The commercial unit has its own electric meter. The property has one water meter with the cost split between the tenants.
Business Rates
The business rates for the shop are currently split into two sides:
Lhs: £3,850
rhs: £3,950
Please note this is not the Rates Payable amount. The tenant/occupier is responsible for payment of the business rates.
Council Tax Band A
VAT
The property is not elected for VAT and therefore is not chargeable on rent.
Legal Costs
Each party will be responsible for their own legal costs unless expressly agreed otherwise.
EPC Ratings
Shop – D.
Flat - E.
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
Lucius Street is a well-established, edge of town centre shopping parade in Torquay, South Devon. Lucius Street has a vibrant mix of independent occupiers including retailers, professional services and office users. Being located close to the main town centre of Torquay, the seafront and the principle arterial routes of the town, Lucius Street is a very convenient trading location.
21 Lucius Street is a mixed-use investment property, comprised of a ground floor commercial unit, 4-bedroom flat and separate basement.
The commercial unit is let to an Aesthetics and Beauticians business at a rent of £800pcm on a rolling yearly lease. The residential accommodation is arranged as a 4 bedroom- flat over two floors. The accommodation is spacious and is let at £1,300pcm. The basement is currently let on a rolling lease at £300pcm and has its own independent entrance, accessed via the lane at the rear of the property. The basement could be utilised as a store/ workshop.
Commercial Unit
Previously arranged as two units but now combined and let to one tenant on a yearly rolling agreement at £800pcm.
Retail (31' 10'' x 9' 11'' (9.71m x 3.02m))
Treatment Room (21' 2'' x 6' 10'' (6.45m x 2.08m))
Store Room (14' 11'' x 5' 10'' (4.55m x 1.79m))
Treatment Room (24' 0'' x 8' 1'' (7.31m x 2.47m))
WC
Basement
The basement can be accessed internally via the commercial unit and independently via an entrance door on the rear lane. This allows the basement to be combined or let separately from the commercial unit.
Depth: 15.45m (50' 8'')
Width: 5.52m (18' 1'')
Arranged as 6 rooms with a small amount of natural light from light wells.
Residential Accomodation
Arranged as a 4-bedroom flat and let at a rent of £1,300pcm.
First Floor
Kitchen (9' 5'' x 7' 9'' (2.86m x 2.35m))
Dining Room (9' 7'' x 6' 9'' (2.92m x 2.05m))
Shower Room
Living Room (15' 0'' x 10' 8'' (4.57m x 3.24m))
Bedroom (9' 8'' x 7' 0'' (2.95m x 2.13m))
Bedroom (13' 1'' x 11' 4'' (4.00m x 3.46m))
Second Floor
Kitchen (11' 7'' x 8' 8'' (3.53m x 2.64m))
Bedroom (17' 5'' x 8' 9'' (5.31m x 2.67m))
Bedroom (14' 3'' x 8' 10'' (4.34m x 2.69m))
Bathroom (8' 5'' x 5' 0'' (2.56m x 1.52m))
Tenure
Freehold subject to the occupational leases of the shop and flat.
Leases
Shop Let to one tenant at £800pcm on a rolling yearly contract.
Flat Let on an AST at £1,300pcm.
Basement Currently Let on a rolling lease at £300pcm.
Utilities
The flat has its own electric and gas meter. The commercial unit has its own electric meter. The property has one water meter with the cost split between the tenants.
Business Rates
The business rates for the shop are currently split into two sides:
Lhs: £3,850
rhs: £3,950
Please note this is not the Rates Payable amount. The tenant/occupier is responsible for payment of the business rates.
Council Tax Band A
VAT
The property is not elected for VAT and therefore is not chargeable on rent.
Legal Costs
Each party will be responsible for their own legal costs unless expressly agreed otherwise.
EPC Ratings
Shop – D.
Flat - E.
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
More information
Listed by
Bettesworths Commercial
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