Commercial property for sale in Palace Avenue, Paignton TQ3

Located on the corner of Palace Avenue and Winner Street, the property occupies a visible position, opposite the Co-op convenience store and just up from the Palace Theatre.

Palace Avenue is a busy secondary trading location, with a variety of independent retailers and service providers. Connecting the upper residential areas of Paignton to the Town Centre, it’s a popular trading position.

The property offers a great opportunity to acquire a town centre freehold, either for investment purposes or for an owner occupier.

The units are currently connected to form one larger premises and historically they have been let to one tenant together.

However, they offer the opportunity to split and let to two tenants or to occupy each side with complementary businesses. The property benefits from a useful basement area suitable for storage.

64 Palace Avenue

Retail Area (16' 7'' x 14' 1'' (5.05m x 4.28m))

Store (8' 6'' x 7' 1'' (2.58m x 2.17m))

Stairs to:-

Basement Room (7' 10'' x 5' 6'' (2.40m x 1.68m))

Basement Room (17' 5'' x 13' 5'' (5.30m x 4.10m))

66 Palace Avenue

Retail Area (28' 3'' x 11' 7'' (8.60m x 3.54m))

Tenure

The property is available freehold with vacant possession.

Business Rates

2023 List: £5,800.

Please note that this figure is not the rates payable amount. Eligible parties will be able to claim 100% Small Business Rates Relief on this property. For more information on rates payable, parties are advised to contact the Agents, Bettesworths.

Viewing

Viewing is highly recommended and can be arranged by prior appointment via the sole agents, Bettesworths.

EPC Rating D