Summary - FIRST FLOOR, LOCKYER HOUSE, PADDONS ROW PL19 0HF
1 bed 1 bath Commercial Property
Freehold, seven-unit town-centre block with immediate rental income and refurbishment potential.
- Seven self-contained retail and office units, total ~3,600 sq ft
- Freehold sale with occupational leases in place
- Gross yield quoted at 10.17% (price £515,000)
- Attractive courtyard location just off Brook Street, town centre
- Units 1–3 share water supply with sub-metering (Old Dairy)
- Only two first-floor units have mains gas; others may need services
- Character stone facades; some units likely require maintenance
- Area records above-average crime; due diligence recommended
A compact, income-producing freehold in the heart of Tavistock’s town centre, this courtyard terrace comprises seven self-contained retail and office units totalling about 3,600 sq ft. The mix of ground-floor shops and first-floor offices sits in a traditional stone façade setting that appeals to independent retailers and professional occupiers.
The lot is offered with existing occupational leases and reflects a gross yield of 10.17% at the asking price, making it a clear proposition for yield-focused investors. Services are largely connected (mains water, drainage and electricity), though Units 1–3 at The Old Dairy share a metered water supply, and only two first-floor units have mains gas.
Buyers should note practical considerations: the courtyard cottages have historic character but will need ongoing maintenance, some utilities are sub-metered, and the immediate area records above-average crime. Business rates and EPC details are provided separately; interested parties should verify those and confirm planning enquiries with West Devon Borough Council.
This is a straightforward freehold, town-centre investment offering hands-on asset management potential—suitable for investors seeking a mid-sized, characterful property with immediate rental income and scope to improve occupancy or rents through refurbishment and active leasing.
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