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Substantial Town Centre Mixed Use Freehold Investment
  • £295,000

Overview

  • Business, Commercial Properties, Investment Properties
  • Property Type

Description

This substantial freehold property is situated on Market Street, Torquay. Market Street is a mixture of independent businesses and residential accommodation, linking directly into the town centre and connecting the residential areas of Ellacombe, Plainmoor and Babbacombe.



19 Market Street is currently arranged as a mixed-use investment with ground floor commercial unit and a licensed HMO on the first & second floors. The commercial unit has been let to a new tenant on a 12 month lease, at an annual rent of £4,800 from June 2024. Recently refurbished to a high standard. On the upper floors, the licensed HMO has been renovated to a good standard and managed well by the current owner, producing a gross rental income of £34,612 per annum (when fully let). 



The property is offered for sale as a going concern investment and early viewing is highly recommended.

Details

Updated on February 16, 2025 at 7:15 pm
  • Price £295,000
  • Property Type Business, Commercial Properties, Investment Properties
  • Property Status For Sale
  • Tagline Investment Properties

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