Summary - 12, POTACRE STREET EX38 8BH
3 bed 1 bath Terraced
Freehold shop plus three‑bed duplex with reliable tenants and c.6% return.
Freehold semi‑commercial building, total c.1,617 sq ft
A straightforward freehold semi‑commercial investment in the centre of Great Torrington. The ground floor comprises a shop with a 410 sq ft trading area plus two store rooms, kitchen and WC (617 sq ft commercial area total). Above sits a three‑bedroom duplex maisonette of almost 1,000 sq ft, making the whole building roughly 1,617 sq ft.
Both units have long‑standing, reliable tenants and currently produce a combined income equating to an approximate 6% gross return. The business is unaffected by the sale, so the property offers immediate rental income to a new owner‑occupier or investor looking for low‑work, cashflow-positive stock in a market‑town location.
The building has period character (Georgian/19th-century terraced façade) with a mix of rustic and modern fittings inside — exposed stonework, wood beams and a recently fitted kitchen and flooring in parts. There is good local footfall, easy access to town amenities, and public pay-and-display car parks a short walk away.
Important considerations: the property is sold with tenants in situ so access for refurbishment is limited unless agreed. The maisonette has a single bathroom and the shop layout will suit traditional retail or similar uses but may need updating for other commercial uses. Council tax banding and some service details are not provided. No flood risk is indicated.
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