Mixed use for sale

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Mixed use for sale

Torquay TQ1
£250,000

Our Summary

  • A mixed commercial/ residential investment opportunity
  • The property is an excellent investment for someone looking for a multiunit investment with scope for future growth
  • The commercial units are potential residential conversion opportunities (STP) or could be let to new commercial tenants on standard commercial terms

Description

This property is a mixed commercial and residential investment opportunity located in Ellacombe, Torquay, just outside the town center. The property consists of two commercial units and two residential units, with a combined rental income of £960 per month. The commercial units are currently let to family members of the vendor on tenancy at will agreements, while the residential units are let on ASTs. The property has potential for future growth, with the commercial units potentially being converted into residential units or let to new commercial tenants. The property is being sold freehold, with a small element of flying freehold, and is priced at £250,000.
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