Lot
033
Auction: April 2022 Online Auction 27/04/2022

The Isaac Merritt, 54, 56 & 58 Torquay Road, Paignton, Devon TQ3 3AA

Property Details
Location
Auction Details
Location
The property is located in the popular tourist town of Paignton, approximately 0.5 miles from Paignton beach and 3 miles south of Torquay on the south west coast. The property is situated on the A3022 Torquay Road, close to the junction with Hyde Road, in the centre of the town.
Description
A substantial end terrace public house in the popular tourist destination of Paignton in Devon. The pub provides accommodation over three levels and comprises bar, servery and seating areas together with beers stores, kitchen, office, plant room, toilets , separately accessed manager's flat and a beer terrace area to the rear. We are advised the property was fully refurbished during lockdown adding an additional bedroom to the manager's flat.
Accommodation
We have not inspected the property but understand the accommodation to extend to approximately 671 Sq M (7,223 Sq Ft).

Ground Floor:Bar, Servery, Seating Areas, Cooled Bottle Store, Wine/Spirit Store
First Floor:Catering Kitchen, Beer Store, Manager's Office, Plant Room, Customer W/C's, Staff Room, Stores, 3 Bed Manager's Flat
Second Floor:Storage Rooms, Walk-in Freezer

Outside
There is a beer terrace to the rear of the property.
Approx Site Area
Approximately 578 Sq M (691 Sq Yds).
Planning
We are informed that plans were being drawn to construct a five storey residential development that would sit above the current building and comprise 33 apartments with a mixture of 1 and 2 bedrooms, subject to obtaining the necessary consents. It is not known whether those plans were completed.

Interested parties should consult direct with the Local Planning Authority: Torbay Council, The Planning Department, Town Hall, Castle Circus, Torquay, TQ1 3DR. Telephone: 01803 207 801. Email: [email protected]
Tenancy
We have been informed that the company, detailed as being the tenant in the lease in the legal pack, has been dissolved. We are advised that the current person in occupation is by way of an informal agreement on a weekly rent of £500. We are further advised that no rent has been received since the appointment of the Joint Fixed Charge Receivers.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 26TH APRIL AND CLOSES ON WEDNESDAY 27TH APRIL.

3. The property is entered in the 2017 Rating List as "Public House and Premises" with a Rateable Value of £92,700.

4. The residential accommodation is listed with a Council Tax assessment in Band B.

5. Energy Performance Certificate = E.
Addendum
We have been informed that the company, detailed as being the tenant in the lease in the legal pack, has been dissolved. We are advised that the current person in occupation is by way of an informal agreement on a weekly rent of £500. We are further advised that no rent has been received since the appointment of the Joint Fixed Charge Receivers.
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