54 Victoria Street

The retail unit comprises the ground floor of the three-storey building with independently accessible apartments on the upper floors which have been sold off on a long-leasehold basis. The property provides a large sales area with storage service access available to the rear.

The property occupies a prominent position on the corner of Victoria Street benefitting from both pedestrian and vehicular passing traffic. Victoria Street is the premier pedestrian shopping area of Paignton. Nearby national & regional occupiers include New Look, Coffee #1, Costa Coffee, Santander, Saltrock and Warrens Bakery. The property is located within close proximity of Paignton bus & train stations and the seafront.

All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition).

Ground floor retail area - aprrox 1,279 sq ft (118.82 sq m)
Internal store / kitchen - approx 42. sq ft (3.94 sq m)
External store - total approx 154 sq ft (14.35 sq m)

From the Valuation Office Agency website (www.voa.gov.uk) we understand that the current Rateable Value is £18,500 therefore making the approximate Rates Payable £9,231.50 per annum for 2023/24.

We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

B (39)

Each party to be responsible for their own legal fees in relation to this transaction.

The property has been elected for VAT and therefore VAT will be charged on the rent.