Freehold shop with 1-bed flat above — renovation opportunity in busy Teignmouth town centre..
- Busy pedestrianised high street with immediate footfall
- Freehold includes a 1-bed flat above, offers rental income
- Small enclosed rear courtyard plus covered storeroom and WC
- Recently run as takeaway/cafe; suits retail or food use (consents needed)
- Requires modernisation and renovation throughout
- Narrow building footprint limits reconfiguration or expansion
- Medium flood risk; area shows high crime and very deprived indicators
- Business rates currently nil after 100% relief; check longevity
A compact freehold shop with a one-bedroom flat above, positioned on a busy pedestrianised high street in popular Teignmouth. The ground floor has recently traded as a takeaway/cafe and offers immediate town-centre footfall; the first-floor flat provides supplementary income or owner-occupation potential.
The property is Victorian in character, two storeys with a glazed shopfront, small rear courtyard, and a covered storeroom. Accommodation is functional but small: customer servery and catering kitchen at ground level, with a sitting room, double bedroom, kitchen and bathroom on the first floor. All mains services are reported connected.
This is a renovation-focused purchase suited to an investor or an owner-operator prepared to update fittings and décor. The building requires modernisation throughout and has a narrow footprint and limited internal depth, which constrains layout and expansion potential. Any change of use will require the usual consents.
Considerations: the area shows higher crime and significant social deprivation indicators, and the site sits in a medium flood-risk zone. Business rates relief is currently in place (nil payable), and the flat is in council tax band A — useful short-term trading and holding advantages, but the buyer should factor in refurbishment costs and due diligence on planning, flood risk mitigation, and security improvements.
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