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Torquay TQ2 Mixed use for sale
Torquay TQ2
£330,000
Torquay TQ2
£330,000
Our Summary
- Freehold Mixed-Use Investment Opportunity
- Vacant Ground Floor & Mezzanine Restaurant with Conversion Potential (STP)
- The commercial element offers strong potential to be let at an estimated rent of £10,000 per annum
- There is also potential to convert part of this commercial space into a fourth residential unit, subject to obtaining necessary planning consent
- This opportunity will appeal to owner-occupiers seeking prominent commercial space, investors seeking strong yield rental returns, or developers exploring further conversion potential
- Vacant Ground Floor and Mezzanine Restaurant with Conversion Potential (STP)
Description
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Here is a summary of the property description in a single paragraph:
A freehold mixed-use investment opportunity is available in Torre, consisting of a vacant ground floor and mezzanine restaurant with conversion potential, and three self-contained residential flats above. The commercial space offers strong potential to be let at an estimated £10,000 per annum, and there is also scope to convert part of this space into a fourth residential unit, subject to planning consent. The three residential apartments are fully let on Assured Shorthold Tenancies, with a total current income of £1,650 per month and estimated fully let income of £29,800 per annum. The property is available freehold, subject to the existing tenancies, and has an asking price of £330,000.