Summary - 51 FORE STREET ST MARYCHURCH TORQUAY TQ1 4PU
1 bed 1 bath Mixed Use
Secure town‑centre mixed‑use freehold with immediate rental income and mid‑term review potential.
Freehold mixed‑use mid‑terrace in pedestrianised Fore Street
A compact mixed‑use mid‑terrace on Fore Street, St Marychurch, offered as a let investment with secure income. The ground-floor retail has operated as a newsagent for five years and the tenant holds a full repairing and insuring lease, paying £15,000 pa. The lease runs from 20 June 2020 for ten years, with periodic three‑year rent reviews (next due June 2026).
The first floor provides simple two‑bedroom residential accommodation (not available to purchaser) and the property totals approximately 472 sq ft. Constructed before 1900 with granite walls and internal insulation, it benefits from double glazing (installed post‑2002), mains gas central heating and a D EPC rating (recently expired and being reassessed).
Practical considerations: broadband speeds are very slow and the property sits in a very deprived local area, which may affect tenant mix and rental growth. The sale is on a freehold basis but is subject to the existing occupational lease; the business and residential use are not being sold separately. This is best suited to an investor seeking a low‑management, town‑centre income asset with medium‑term rent review potential.
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