£215,000
Retail premises for sale
Property photos
Just added
Guide price
£215,000
Retail premises for sale
Market Street, Torquay TQ1Local area information
Property location
Nearby amenities
- EF Academy Torbay 0.1 miles
- Ellacombe Church of England Academy 0.3 miles
- Torquay - North Quay 0.5 miles
- Torquay Harbour Boarding Pontoon 0.6 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
- High-Yield Investment
- Prime Torquay Location
- HMO Licensed & Occupied
- Professional Retail Frontage
- Commuter Convenience
- Secure Access
- Auction Opportunity
- Freehold
- Chain free
Summary
For sale via secure sale online bidding - terms and conditions apply.
A powerhouse addition to any portfolio, this versatile freehold asset combines a prime retail frontage with a fully licensed, 6-bedroom HMO above. Situated in the heart of Torquay, this property offers a "turn-key" solution for investors looking for multiple, established income streams.
The Commercial Element (Ground Floor)
The street-level retail unit provides a steady anchor. Currently operating under a 12-month agreement (commenced June 2024), it produces an annual return of 4,800 pa.
Principal Shop Floor (8.25m x 4.46m): A high-specification fit-out with a prominent glazed frontage on Market Street.
Ancillary Space: Includes a rear lobby with storage, a dedicated Kitchenette (3.33m x 3.06m), and a versatile Private Office/Treatment Room (3.19m x 2.13m) plus WC.
Business Rates: 2023 Valuation is 5,600; the unit is eligible for 100% Small Business Rate Relief through Torbay Council.
The Residential HMO (Upper Floors)
Spanning the first and second floors with a private street-level entrance, this fully occupied 6-bedroom HMO generates a combined monthly income of over 2,880 pcm.
First Floor:
Room 5 (3.86m x 3.42m): Spacious double with a private En-suite (520 pcm).
Room 4 (5.69m x 3.88m): Grand front-facing double (606 pcm).
Room 3: Comfortable double with wash hand basin (505 pcm).
Facilities: Modern communal shower suite with electric towel rail.
Second Floor:
Social Hub (3.80m x 4.18m): A well-appointed, dual-cooker kitchen and communal dining area.
Room 1 (3.65m x 2.82m): Quiet rear double (411.66 pcm).
Room 2 (4.00m x 2.86m): Bright front double (411.66 pcm).
Room 6 (2.94m x 2.85m): Double room with front aspect (430 pcm).
Facilities: Additional communal shower room and separate guest WC.
Please note we have not inspected this property.
Location
Town Centre Convenience: Located just a 2-minute walk from Union Square Shopping Centre and the new nhs Diagnostic Centre.
Transport Links: Approx. 25-minute walk to Torquay Train Station for direct links to Exeter and London Paddington.
Lifestyle: Moments from Torquay Harbour, the Marina, and the vibrant cafes of the English Riviera.
Accommodation
Principal Shop Floor (8.25m x 4.46m): A high-specification fit-out with a prominent glazed frontage on Market Street.
Ancillary Space: Includes a rear lobby with storage, a dedicated Kitchenette (3.33m x 3.06m), and a versatile Private Office/Treatment Room (3.19m x 2.13m) plus WC.
Business Rates: 2023 Valuation is 5,600; the unit is eligible for 100% Small Business Rate Relief through Torbay Council.
The Residential HMO (Upper Floors)
Spanning the first and second floors with a private street-level entrance, this fully occupied 6-bedroom HMO generates a combined monthly income of over 2,880 pcm.
First Floor:
Room 5 (3.86m x 3.42m): Spacious double with a private En-suite (520 pcm).
Room 4 (5.69m x 3.88m): Grand front-facing double (606 pcm).
Room 3: Comfortable double with wash hand basin (505 pcm).
Facilities: Modern communal shower suite with electric towel rail.
Second Floor:
Social Hub (3.80m x 4.18m): A well-appointed, dual-cooker kitchen and communal dining area.
Room 1 (3.65m x 2.82m): Quiet rear double (411.66 pcm).
Room 2 (4.00m x 2.86m): Bright front double (411.66 pcm).
Room 6 (2.94m x 2.85m): Double room with front aspect (430 pcm).
Facilities: Additional communal shower room and separate guest WC.
Tenure
Freehold, title number DN110759
Council Tax
19a - Band A
EPC
Ratings D and E, full reports available upon request.
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
For sale via secure sale online bidding - terms and conditions apply.
A powerhouse addition to any portfolio, this versatile freehold asset combines a prime retail frontage with a fully licensed, 6-bedroom HMO above. Situated in the heart of Torquay, this property offers a "turn-key" solution for investors looking for multiple, established income streams.
The Commercial Element (Ground Floor)
The street-level retail unit provides a steady anchor. Currently operating under a 12-month agreement (commenced June 2024), it produces an annual return of 4,800 pa.
Principal Shop Floor (8.25m x 4.46m): A high-specification fit-out with a prominent glazed frontage on Market Street.
Ancillary Space: Includes a rear lobby with storage, a dedicated Kitchenette (3.33m x 3.06m), and a versatile Private Office/Treatment Room (3.19m x 2.13m) plus WC.
Business Rates: 2023 Valuation is 5,600; the unit is eligible for 100% Small Business Rate Relief through Torbay Council.
The Residential HMO (Upper Floors)
Spanning the first and second floors with a private street-level entrance, this fully occupied 6-bedroom HMO generates a combined monthly income of over 2,880 pcm.
First Floor:
Room 5 (3.86m x 3.42m): Spacious double with a private En-suite (520 pcm).
Room 4 (5.69m x 3.88m): Grand front-facing double (606 pcm).
Room 3: Comfortable double with wash hand basin (505 pcm).
Facilities: Modern communal shower suite with electric towel rail.
Second Floor:
Social Hub (3.80m x 4.18m): A well-appointed, dual-cooker kitchen and communal dining area.
Room 1 (3.65m x 2.82m): Quiet rear double (411.66 pcm).
Room 2 (4.00m x 2.86m): Bright front double (411.66 pcm).
Room 6 (2.94m x 2.85m): Double room with front aspect (430 pcm).
Facilities: Additional communal shower room and separate guest WC.
Please note we have not inspected this property.
Location
Town Centre Convenience: Located just a 2-minute walk from Union Square Shopping Centre and the new nhs Diagnostic Centre.
Transport Links: Approx. 25-minute walk to Torquay Train Station for direct links to Exeter and London Paddington.
Lifestyle: Moments from Torquay Harbour, the Marina, and the vibrant cafes of the English Riviera.
Accommodation
Principal Shop Floor (8.25m x 4.46m): A high-specification fit-out with a prominent glazed frontage on Market Street.
Ancillary Space: Includes a rear lobby with storage, a dedicated Kitchenette (3.33m x 3.06m), and a versatile Private Office/Treatment Room (3.19m x 2.13m) plus WC.
Business Rates: 2023 Valuation is 5,600; the unit is eligible for 100% Small Business Rate Relief through Torbay Council.
The Residential HMO (Upper Floors)
Spanning the first and second floors with a private street-level entrance, this fully occupied 6-bedroom HMO generates a combined monthly income of over 2,880 pcm.
First Floor:
Room 5 (3.86m x 3.42m): Spacious double with a private En-suite (520 pcm).
Room 4 (5.69m x 3.88m): Grand front-facing double (606 pcm).
Room 3: Comfortable double with wash hand basin (505 pcm).
Facilities: Modern communal shower suite with electric towel rail.
Second Floor:
Social Hub (3.80m x 4.18m): A well-appointed, dual-cooker kitchen and communal dining area.
Room 1 (3.65m x 2.82m): Quiet rear double (411.66 pcm).
Room 2 (4.00m x 2.86m): Bright front double (411.66 pcm).
Room 6 (2.94m x 2.85m): Double room with front aspect (430 pcm).
Facilities: Additional communal shower room and separate guest WC.
Tenure
Freehold, title number DN110759
Council Tax
19a - Band A
EPC
Ratings D and E, full reports available upon request.
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
More information
Listed by
Pattinson - Commercial
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