AUGUST 20, 2008
For details of residential and commercial property for sale visit www.waycotts.co.uk
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E‐PROPERTY NEWS .................................
TORBAY LANDMARK BUILDING SOLD BY
TORBAY LANDMARK BUILDING SOLD BY WAYCOTTS
About Waycotts Commercial ...................
Waycotts are pleased to announce the sale of local landmark, Concord House
SPOTLIGHT ON DEVELOPMENT
at Preston, Paignton off an asking price of £1.5 million. The building generated
September Tenders ..........................
much interest from prospective tenants and potential developers, with
About Waycotts Land & Development
agreement finally being reached with Plymouth‐based developers.
How the market has changed ..................
About Waycotts Residential: .................
Concord House was vacated in
About Hotels and Leisure: ...................
The Professional Services Department ......
2006 following the relocation of
Who is this e‐mail from? .....................
the Job Centre and the local
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Valuation Office (part of H M
Revenue & Customs). This left a
hole in the centre of the Preston
business community and
question marks about the future
of the building.
Waycotts are pleased to reveal that the new owners have secured Tesco as
tenant for a large part of the ground floor to trade as a Tesco Express
convenience store. The store, combined with the refurbishment and
renovation of the upper floors to create flexible business space, and further
retail space to let on the ground floor, should result in the creation of jobs in
the area, and bring fresh and much needed economic impetus to this area of
Tesco Corporate Affairs Manager, Juliette Bishop said; "We are delighted to
confirm that we have agreed a lease to open a new Tesco Express store on
A Tesco Express is a small neighbourhood convenience food about the size of a
tennis court designed to bring choice, quality convenience and value for money
as well as more fresh food. They are designed to give local residents who want
to walk or cycle to shop, access to really good daily shopping and a wider range
In our experience, we have found that Tesco Express encourages more people
to shop locally without having to drive to large out of town supermarkets,
which can strengthen existing local centres and generate investment. We feel
that a Tesco Express will be a positive addition to this area of Paignton.
We will carry out work on the new Express over the coming months and we
hope to be able to open late this year, offering between 20 and 30 jobs for
Waycotts have been retained by the developers; Claybrook Developments SW
Ltd, to let the three upper floors of accommodation arranged flexibly as office
suites or other business space to suit the requirements of potential occupiers.
Some of the space has sea views. Parking is available on site or nearby. Suites
are available from 104m2 (1,119 ft2) to 1,527m2 (16,436ft2) at rents and lease
terms to be negotiated.
For further information contact Richard White FRICS (firstname.lastname@example.org)
or Lee Southan BSc(Hons) (email@example.com) Top
About Waycotts Commercial
Waycotts Commercial sells and lets freehold and leasehold shops, businesses,
offices, warehouses and industrial property. Experts in commercial sales and
lettings, the department also advises on investment property opportunities.
For further information contact Lee Southan BA(Hons) or email
t: 01803 403070 Top
SPOTLIGHT ON DEVELOPMENT OPPORTUNITIES
Waycotts Land & Development Department has a number of interesting
opportunities for acquisition this autumn. Further details, pictures of the sites,
and the sale particulars are all available from our web site – click the links
below to go direct to the details:
A former clubhouse – Tender date 12 September 2008
a former church with planning permission for demolition and a 4‐house
development, ‐ Tender date 12 September 2008
a car‐repair workshop and garage with planning permission for
redevelopment with 12 flats and 2 houses – Tender date 26 September
5 Fleet Street
About Waycotts Land & Development Department
T 01803 403060
F 01803 403061
Whether your interest is in a single plot, a possible conversion or a large
site, we have up‐to‐date, detailed knowledge of the Local Plan Policy which
may affect you, and in‐depth knowledge of planning procedures. As a result
the department has earned a good reputation for successful negotiation and
For more information contact Martin Wells‐Brown FRICS or email
t :01803 403060 Top
Regulated by RICS
How the market has changed
It comes as no surprise to anyone that house prices still continue to fall, nor
that the credit crunch still has the housing market in its grip.
In a report earlier this week the RICS said “sales expectations have improved,
driven by sellers beginning to offer more realistic asking prices”. This has been
borne out with Waycotts already having sold more than 75% of the previous
quarter’s residential sales in the last six weeks.
With mortgage lending at its lowest rate since the early 1990s, Waycotts advise
that sellers will need to work hard to attract those buyers who do have funds
with competitive pricing and tiptop internal and external presentation of their
properties. Potential buyers have been further influenced by the thought of
reducing stamp duty rates, or even no stamp duty at all, which has caused
some to sit on their hands until a clear statement from the Government is
“Despite the difficult trading conditions, we remain optimistic about the
future,” said Mike Barber, Director of Waycotts Residential Department, “It is
encouraging that the number of households at risk of negative equity now is
much smaller than in the early 1990s. It is reported that the price fall which
pushed 7% of households into negative equity then would affect only 2% in
that way now, which is good news for the general stability of the housing
RICS report Top
About Waycotts Residential:
Our residential property team benefits from an intimate knowledge of the
market in the Torbay and South Devon gained over many years, and has wide
experience of local market conditions and residential property histories. For
more information contact Michael Barber, Paul Leaver or Louise Vautier or
t: 01803 403060
About Hotels and Leisure:
A busy and successful specialist department selling hotels, guest houses, self‐
catering businesses, pubs and other holiday accommodation in the Torbay
area, and working closely with the commercial department to provide
business and property information. For more information contact Sue Frost
or email firstname.lastname@example.org
t: 01803 403070
The Professional Services Department
A team of experienced and highly qualified professionals who can both
advise on and undertake a range of issues connected with property, whether
residential or commercial. These include valuations, rent reviews, rating, and
litigation including expert witness and dispute resolution, and property
management. For more information contact Bill Gater FRICS, Richard White
FRICS or email email@example.com
t: 01803 403080 Top
Who is this e‐mail from?
This e-mail has been sent to you by Waycotts Limited.
Waycotts Ltd is registered in England and Wales. Registration number:
2231160. Registered Office: 5 Fleet Street Torquay TQ1 1BU
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