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Our Summary
- The current set up lends itself perfectly to either retaining under one freehold as a mixed-use investment or, to split the units on separate titles to realise a potential capital uplift
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Description
The property is a stunning period, Grade II listed terrace on Torbay Road, dated from the 1890-1900's, comprising of a commercial unit on the ground floor and three self-contained, 2-bedroom flats on the upper floors. The commercial unit is currently let to a pasty shop franchise at a rent of £11,000 per annum until 31st December 2028, while the three flats are let on ASTs, generating a gross rental return of £20,160 per annum. The flats have high ceilings, large windows, and views over local sports fields and towards Roundham, with two of the flats also benefitting from balcony areas.
The property has off-road parking for four vehicles, including a rented spot, and the current set up allows for either retaining under one freehold as a mixed-use investment or splitting the units on separate titles.