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Studio, in 17 Strand, £700,000
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0 bed property

17 Strand, Torquay TQ1
£700,000
Freehold

The property, The Apple & Parrot, occupies a prime trading position at a highly visible corner location on The Strand in Torquay, directly overlooking the inner harbour, with a large traditional public house on the ground floor and a stage door adult entertainment venue, The Stage Door, on the first floor. Additionally, the property comprises six self-contained studio flats, accessed from the rear, which are sub-let to private tenants and the tenant's staff. The property is held on a freehold tenure, but is subject to a 25-year commercial occupational lease from 2017 with Jam Leisure (TS) Limited, with full repairing and insuring obligations, at a rent of £60,000 per annum.