Newton Abbot
Business rates & charges may apply
- SIZE
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- SECTOR
Mixed use property for sale
Key features
- Freehold Mixed-Use Investment Property For Sale
- Ground Floor Commercial Premises with Three Self-Contained Flats Above
- Residential Flats Currently Producing £22,300 Per Annum
- Commercial Unit Previously Let at £10,000 Per Annum
- Potential Gross Rental Income of £32,300 Per Annum When Fully Let
Description
The property is situated on Union Street, a secondary commercial street close to the main shopping area and town centre of Newton Abbot. Union Street is an established mixed commercial and residential location, popular with independent businesses, service providers and professional occupiers seeking accessible premises within easy reach of the town centre. Newton Abbot itself is one of South Devon’s principal market towns and provides a comprehensive range of shopping, leisure and professional services together with excellent transport connections.The property comprises a mid-terrace, freehold mixed-use investment arranged as a ground floor commercial unit with three self-contained residential flats on the upper floors. The commercial premises are currently vacant but were previously occupied as a hair salon at a rent of £10,000 per annum. The unit remains fitted out for salon/beauty use and comprises a principal trading area together with WC, kitchenette and a separate beauty/treatment room. The three residential units are independently accessed via a communal staircase positioned to the left-hand side of the property and comprise two one-bedroom flats and one studio flat. Each flat is self-contained and independently metered for electricity. There is no gas connection to the property.
GROUND FLOOR COMMERCIAL UNIT
TRADING AREA
Width: approximately 4.44m (14' 7") and increasing to 7.00m at the rear.
Depth: approximately 13.81m (45' 4").
GIA: approx: 61m² (660 sq ft).
WC
KITCHENETTE
BEAUTY / TREATMENT ROOM
FLAT 1
HALLWAY
BEDROOM WITH EN-SUITE
3.15m x 2.27m (10' 4" x 7' 5")
LOUNGE / KITCHEN
4.30m x 3.64m (14' 1" x 11' 11")
FLAT 2
HALLWAY
LOUNGE
4.40m x 4.05m (14' 5" x 13' 3")
Opening into:-
KITCHEN / DINER
4.19m x 1.85m (13' 9" x 6' 1")
BEDROOM
2.95m x 4.00m (9' 8" x 13' 1")
With:-
EN-SUITE
2.40m x 1.21m (7' 10" x 4' 0")
FLAT 3
HALLWAY
KITCHEN
3.26m x 2.92m (10' 8" x 9' 7")
BATHROOM
2.13m x 1.84m (7' 0" x 6' 0")
LOUNGE
4.02m x 3.22m (13' 2" x 10' 7")
BEDROOM
4.41m x 2.67m (14' 6" x 8' 9")
TENURE
The property is offered for sale freehold subject to the existing residential tenancies.
The three residential flats are currently let and generate a combined rental income of £22,300 per annum.
The ground floor commercial premises are currently vacant and were previously let at £10,000 per annum.
EPC RATINGS
Flat 1: C.
Flat 2 (4A): E.
Flat 3 (4B): D.
Commercial: Awaited.
BUSINESS RATES
2026 Rating List: £11,750.
Please note that the Rateable Value is not the amount of Business Rates payable. Interested parties are advised to make their own enquiries with the Local Billing Authority regarding the rates payable and any relief which may be available.
COUNCIL TAX
Each flat has a council tax band A rating. The tenants are responsible for payment.
VIEWING
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
Energy Performance Certificates
Energy Performance CertificateBrochures
Newton Abbot
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newton Abbot Station0.4 miles
- Torre Station4.8 miles
- Torquay Station5.6 miles
Notes
Disclaimer - Property reference 12903661. 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, Devon. 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.