Iceland, Paignton
18-20 Victoria Street Devon TQ4 5DFBasic Facts
| Property ID: 4083 | Post Updated: 2019-06-24 10:41:38 |
| Status: Acquired | Type: Supermarket |
| Tenure: Freehold | Gross Rent: £ 63,000 |
| Lease Term: 15 years from Mar '13 | VAT applicable: No |
Property Description
- Freehold blue-chip convenience store & residential ground rent investment
- The property is arranged on ground and three upper floors to provide a ground floor retail unit together with storage and ancillary accommodation on the first floor, and residential on the second and third floors which has been sold off on a long lease
- The upper floors are separately accessed from Victoria Street and comprise 227.3 sq m (2,446 sq ft) in total
Location Description
- Paignton has a resident population of some 40,000 and is a popular resort town which, together with Torquay and Brixham, is known as the English Riviera.
- The property is situated in the town centre, on the pedestrianised section of Victoria Street, close to the junction with Dendy Road.
- Occupiers close by include NatWest (opposite), Tesco, Boots, Specsavers, W H Smith, Costa and Santander.
Features
£500k - £1m
Blue-chip tenant
Finance available
Freehold
Lease term: 10 - 15 years
No Break clauses
Residential element
Reversionary Opportunity
