Fore Street, TORPOINT, Cornwall, PL11

- PROPERTY TYPE
Terraced
- BEDROOMS
2
- BATHROOMS
6
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Freehold mixed-use investment
- Avoids Higher Rate of Stamp Duty
- Prime high street location
- Established commercial tenant
- Self-contained two-bedroom maisonette
- Development potential (STPP)
Description
Currently, the commercial space is let to a professional services company, generating a steady rental income, whilst the maisonette attracts a favourable monthly rent. Combined the two offer an attractive and secure investment. Additionally, there is potential to enhance the site further through redevelopment, subject to the necessary consents.
As a freehold mixed-use property, the standard rate of Stamp Duty applies, offering lower tax liabilities compared to fully residential investments and avoiding the Higher Rate SDLT.
Commercial Premises (Approx. 152m2)
The ground and lower ground floors of The Trot are dedicated to a versatile commercial space, currently occupied by a reputable professional services firm. The tenant has expressed a strong interest in extending their tenancy, ensuring a secure and continuous rental income stream for prospective investors. The premises include a well-appointed conference room, private open offices, staff kitchen, and welfare facilities, alongside substantial storage areas spread across two basement levels. This setup caters to a variety of business needs, making it a highly adaptable commercial asset.
Residential Premises (Approx. 78m2)
The upper two floors house a charming self-contained maisonette, accessible via an entrance on Macey Street to the rear elevation. This residence boasts two generously sized double bedrooms, a spacious living room a fully equipped kitchen, and a modern bathroom. Breathtaking views of the River Tamar can be enjoyed from the roof terrace, kitchen, and rear bedroom, offering a stunning backdrop to everyday living. The maisonette's design seamlessly blends comfort with functionality, making it an ideal living space for tenants seeking the convenience of a town centre residence.
Potential
Trot House presents significant potential for further development. Given its prime location on Fore Street and the precedent of neighbouring properties undergoing successful enhancements, there is ample scope to expand or modify both the commercial and residential spaces. Such developments could increase rental yields and overall property value, subject to obtaining the necessary planning permissions and consents.
Situation
Situated in the heart of Torpoint on Fore Street, the property benefits from high visibility and accessibility. The area is a bustling commercial hub with a variety of local businesses, ensuring consistent foot traffic. Its proximity to the River Tamar not only provides stunning views but also offers convenient transport links, including the nearby Torpoint Ferry, facilitating easy access to Plymouth and surrounding areas. This strategic location enhances the property's desirability for both commercial tenants and residential occupants.
Commercial EPC Band: C
Residential EPC Band: D
Viewings strictly by appointment only, through the vendors nominated agents, Notman & Taylor Estate Agents. Please call to arrange an appointment to view in advance.
Tenure: Freehold
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Fore Street, TORPOINT, Cornwall, PL11
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Visit our security centre to find out moreDisclaimer - Property reference RS0162. 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 Notman & Taylor Estate Agents, Kingsand. 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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