Small freehold roadside unit with established takeaway trading history.
Gross yield 9.1% at asking price £60,000
A compact, high-visibility retail investment on the main Torquay–Paignton route, offered freehold at a strong gross yield. The ground-floor unit extends to about 35m2 (379 sq ft) and is fitted as a pizza and burger takeaway, with a commercial kitchen, food-prep area and staff WC. The lease is a 6-year full repairing and insuring (FRI) term from August 2025 producing £5,500 pa (gross yield 9.1%), and the tenant has over 15 years’ trading experience.
The property benefits from prominent roadside exposure, close proximity to Paignton town centre and a parade of independent traders that support steady footfall. Practical advantages include gas services, fast broadband and excellent mobile signal, plus no recorded flood risk — important for a catering business.
Buyers should note a mixed condition picture: the brochure states recent refurbishment, yet images and descriptions also show unfinished areas and dated kitchen fittings that may need further work. The surrounding area is classified as deprived with above-average crime; factor this into pricing, insurance and management plans. As an FRI lease, day-to-day repairs and most outgoings fall to the tenant, but prospective purchasers should verify lease start/occupation dates and service liabilities before exchange.
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