Summary - Susans Flower Shop,16 Lucius Street,TORQUAY,TQ2 5UN TQ2 5UN
1 bed 1 bath Mixed Use
**Standout Features:**
- Mixed-use property comprising a renovated 1-bedroom flat, retail unit, and workshop/storage space.
- Gross rental income of £21,000 per annum from all units, all currently let.
- Convenient edge-of-town location near Torquay's main amenities and seafront.
- Recently refurbished flat, ideal for long-term residential tenancy or holiday rental.
- Ground floor retail space and lower ground workshop both let on 3-year leases.
- Substantial lower ground unit (approx. 125m²) with vehicular access.
**Summary:**
Discover a lucrative investment opportunity in Torquay with this mixed-use freehold property on Lucius Street. This well-positioned building houses a newly renovated 1-bedroom flat above a vibrant retail unit and spacious workshop/storage area below. Currently yielding a strong gross rental income of £21,000 per year, this property provides instant cash flow for investors. The residential flat features modern finishes, making it attractive for both long-term tenants and holiday guests, while the commercial spaces boast secure leases, ensuring stability.
Situated on a bustling street close to the town centre and seafront, this property benefits from excellent foot traffic and accessibility. The lower ground space is a significant advantage, presenting potential for further investment or storage solutions, all while accommodating your business needs. While the area has a noted high crime rate—potentially impacting future development plans—affordable council tax adds to its appeal. This mixed-use property won’t last long; seize the opportunity to own a piece of Torquay's flourishing market!
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