• To be sold by clicktopurchase® online AI auction - 17th May, 11:00am

• Popular retail and tourist location

• Prominent town centre retailing pitch

• Let to William Hill Organisation Ltd

• Highly secure income – Pre-Tax Profits £223.5m

• New lease from June 2016 at re-based rent

• Guide price £265,000, subject to contract

• 10.12% net initial yield

The property is located on the western side of Fleet Street, one of the principal pedestrianised shopping streets in the heart of Torquay town centre. Nearby retailers include Santander (adjacent), Tesco Metro, The Edinburgh Woollen Mill, Subway and Superdrug.

The Fleet Walk Shopping Centre is immediately to the south. Home to over 50 high street names together with a mix of specialist and independent shops, the centre also benefits from 414 car parking spaces. Retailers include Sportsdirect.com, Bonmarche, Starbucks, Greggs and TK Maxx.

Union Street, the prime retailing pitch for the town, is immediately to the north. Occupiers include Primark, H&M, River Island, WHSmith, JD Sports and Carphone Warehouse.

The property comprises a ground floor retail unit. Internally, the retail floor area is predominately open plan with ancillary areas and has been fitted out by the tenant to their usual corporate style.

The upper floors, which are self-contained and accessible from Fleet Street, have been sold off on a long lease.

The property is located in the Torquay Harbour conservation area.

A new 999 year long leasehold interest at a peppercorn rent.

William Hill Organisation Limited (Co. No.278208) has reported the following figures;

The company is a subsidiary of William Hill PLC. Founded in 1934, William Hill is one of the worlds’ leading betting and gaming companies. Employing more than 16,000 people in nine countries, it is the UK’s largest land-based bookmaker with 2,375 licensed betting shops in the UK. For further information, please visit www.williamhillplc.com.

The property has been registered for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).

Guide price £265,000 (Two Hundred and Sixty Five Thousand Pounds), subject to contract, reflecting a net initial yield of 10.12%, assuming purchaser’s costs of 2.54%.

1. An opportunity to acquire a freehold retail investment;

2. The property occupies a prominent retailing pitch in the heart of Torquay town centre;

3. Let on a new lease from June 2016 at a re-based rent;

4. The investment provides highly secure income, being let to William Hill Organisation Ltd – Pre-Tax Profits £223.5 million,

5. Attractive lot size to an investor;

6. A purchase at the asking price reflects an attractive net initial yield.