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COMMERCIAL

Tor Hill Road, Town Centre, Torquay

£260,000
Absolute Sales & Lettings Ltd, Torquay
PROPERTY TYPE

Commercial Development

SIZE

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Key features

  • Freehold Investment Opportunity
  • Ground Floor Commercial Unit
  • 3 x 1 Bed Upper Floor Flats
  • All Currently Let Out
  • Annual Income Circa £20,000
  • Established Hair Salon with Kitchenette & Toilet
  • 4 Parking Spaces to Rear
  • Flats are all let on AST's
  • Town Centre Location
  • Potential To Increase Income (Rent Review in 2016)

Description

NO STAMP DUTY SURCHARGE TO PAY - Freehold Investment Opportunity. Ground floor unit, 3 upper floor 1 bed flats all currently let and producing an income of around £20,000 pa. Gross yield of 7.5%+. Potential to increase income to circa £23,600 which would produce a yield of over 9%. 4 parking spaces to rear. New front roof in 2015. 

Tor Hill Road, Town Centre, Torquay

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Torquay Station0.6 miles
  • Torre Station0.7 miles
  • Paignton Station2.7 miles

About the agent

Absolute Sales & Lettings Ltd, Torquay

10 Tor Hill Road, Castle Circus, Torquay, TQ2 5RA

Absolute Sales and Lettings are Torquay's most innovative Estate Agents specialising in the sale and rental of all types of property across Torbay.

Independently owned and managed by Directors Simon Fisher & Darren Hole, the Absolute Team have over 70 years combined agency experience offering exceptional levels of service, local knowledge and expertise coupled with the benefits of using the latest technology.

Absolute offer an unrivalled package of marketing including full colour

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Notes

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Disclaimer - Property reference 2541082. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Absolute Sales & Lettings Ltd, Torquay. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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