Summary - 26a Courtenay Street, NEWTON ABBOT TQ12 2DT
1 bed 1 bath Commercial Property
Freehold income with immediate footfall and short-term security.
Let to Superdrug and Peacocks with strong national covenants
A prime freehold retail block in the centre of Newton Abbot, let to two national tenants: Superdrug Stores Plc and Peacocks Stores Properties Ltd. The combined contracted income of £97,750pa and prominent frontage opposite Market Walk provide immediate rental security and strong daytime footfall.
The three-storey building offers substantial internal area with ground-floor retail and ancillary first-floor stores/offices, plus a dedicated rear loading bay. Physical attributes — brick facade, large windows and modern shopfronts — suit continued retail use or reconfiguration subject to consents.
Buyers should balance the secure income against local market limitations. The wider area is classified as deprived with high recorded crime and constrained local spending power, which may restrict long-term rental growth and repositioning prospects. The plot is compact, so expansion on-site is limited.
This freehold investment is best suited to a purchaser seeking immediate, hands-off rental income from national covenants while accepting a need for active asset management to mitigate area-related risks and to explore future value-add options.
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