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Commercial Development for sale

Tor Hill Road, Town Centre, Torquay

Withdrawn from Market £260,000

Property Description

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)

Full 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. 

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