The Shop, 26 Tor Hill Road, Torquay, Devon

Description

A spacious ground floor shop which fronts directly onto Tor Hill Road within a short walk of Castle Circus, Union Street and the town centre. In total extending to approximately 1,906 sq. ft. including 2 retail areas, kitchen and generous storage and stock rooms.

Accommodation

Ground floor: Retail area 18'6" x 20'8", secondary Retail Area 17'4" x 19'9", kitchen 16'3" x 10'4", rear stock room 11'1" x 4'9", store 7'2" x 8'0", w.c. store cupboard, further stock rooms

Location

Within a short walk of Castle Circus, Union Street and the town centre. The property fronts directly onto Tor Hill Road.

Tenure / Property Information

Investment Analysis

The £25,000 guide is not independently supported by the supplied evidence. The £150,000 sale of 26B Tor Hill Road was a flat/maisonette and is not a sufficiently specific comparable for this 1,906 sq. ft. shop. The other local sales are either materially different, historic or too limited to support a commercial market value. No commercial rental, valuation or condition evidence is supplied.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. First verify the commercial lease, service-charge and other lease liabilities, condition, planning/use position, rental potential and all special-condition costs.

Works Required

No specific repair, refurbishment or compliance works are evidenced. Obtain a commercial survey, inspect the shop, and review the lease and special conditions before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be underwritten from the supplied evidence. There is no supported GDV, rent, refurbishment budget or refinance valuation, while the property is long leasehold and additional special-condition fees may apply.

Buy-to-Let Analysis

This is a commercial shop rather than a residential buy-to-let property. No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent, yield and cash-flow performance cannot be established.

Flip Analysis

A flip assessment is unsupported because no commercial resale valuation, refurbishment allowance or selling-cost allowance is supplied. The local comparables do not provide a reliable basis for a shop GDV.

Investor Risks & Due Diligence

• No sufficiently specific commercial rental evidence or passing rent is provided.

• No reliable shop valuation or directly comparable commercial sale is supplied.

• Property condition and any required works are unknown.

• The property is long leasehold, but lease liabilities and other lease terms are not supplied.

• Additional fees may be payable under the Special Conditions of Sale.

• EPC, council tax, parking and heating information are not supplied.

Recommendation

Do not bid on the current evidence alone. First verify the commercial lease, service-charge and other lease liabilities, condition, planning/use position, rental potential and all special-condition costs.

Strategy Rating

Analysis Confidence

The property description and guide price are supplied, but there is no reliable commercial valuation, rental evidence, condition assessment, EPC, operating-cost information or complete fee schedule.