Mixed Use for sale

Torquay

£169,950

Property Description

Key features

  • Mixed Commercial & Residential Investment (Business Unaffected)
  • Ground Floor Shop, Plus 2 Self Contained 1 Bedroom Flats
  • Situated in a Densely Populated Residential Area with Good Letting Prospects
  • Gross Rental Income: 13,620 Per Annum (8% Initial Yield)
  • Viewing can be arranged via the Agents

Full description

The property is situated on Hele Road in Torquay. The area is a densely populated residential location, close by there are shops such as a frozen foods supermarket, news agents, petrol station, fish and chip shop and chinese take away. The property comprises a terrace property arranged as a: ground floor shop (currently let as a barbers) and two one-bedroom flats.All are currently let, giving a rental income of £13,620 per annum giving an 8% gross investment yield.


GROUND FLOOR SHOP 

RETAIL AREA 
21' 2'' x 13' 0'' (6.45m x 3.96m)
Small store room and WC. Let on a 3 year lease from 2015 at a rent of £4,500 per annum.

GROUND FLOOR GARDEN FLAT 

OPEN PLAN LOUNGE/KITCHEN  
17' 4'' x 11' 5'' (5.29m x 3.49m)
With door to rear garden.

BEDROOM  
13' 0'' x 9' 11'' (3.95m x 3.01m)
Currently let at £400 per month.

FIRST FLOOR FLAT  

KITCHEN 
7' 10'' x 5' 2'' (2.38m x 1.58m)

LOUNGE  
11' 1'' x 10' 5'' (3.38m x 3.17m)

BEDROOM 
10' 0'' x 11' 10'' (3.05m x 3.60m)

SHOWER ROOM 
With WC and wash hand basin. Currently let on an assured shorthold tenancy agreement at £360.

NOTE  
We are informed both flats and the shop have separate electricity supplies.

VIEWING 
Viewing is by prior appointment with the Agents, Bettesworths.

EPC RATING D 

More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Torre (0.9 mi)
  • Torquay (1.6 mi)
  • Paignton (3.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bettesworths, Torquay

29 - 30 Fleet Street, Torquay, TQ1 1BB

01803 367002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Torre (0.9 mi)
  • Torquay (1.6 mi)
  • Paignton (3.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bettesworths, Torquay

29 - 30 Fleet Street, Torquay, TQ1 1BB

01803 367002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 8302073. 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 Bettesworths, 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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