Summary - SECOND FLOOR FLAT, 19 LUCIUS STREET, TORQUAY TQ2 5UW
1 bed 1 bath Mixed Use
**Key Features:**
- Freehold mixed commercial investment with annual income of £25,200
- Prime location in a busy trading area near Torquay Town Centre
- Large commercial space (996 sq ft total) with basement and ground floor shop currently let to Fiver Fabric
- Additional residential accommodation with one 1-bedroom flat at £675 pcm and one 2-bedroom flat at £725 pcm, both on AST agreements
- Off-street parking available
- Mixed-use property with both commercial and residential elements
**Summary:**
This multi-use freehold property in the heart of Torquay presents a compelling investment opportunity generating a solid income of £25,200 per annum. Situated on the bustling Lucius Street, just off Belgrave Road, it's surrounded by a mixture of retail and service businesses, ensuring consistent foot traffic and accessibility. The commercial unit, currently occupied by a tenant paying £9,000 per year, is complemented by two fully tenanted flats, enhancing the property’s rental potential.
While the building is fully let, ideal for investors looking for immediate income, it does require modernization—particularly the living areas echoing the 1970s aesthetic. Potential buyers should also be aware of the very high local crime rates and varying school ratings in the vicinity, which may impact long-term rental stability. With off-street parking and excellent transport links, this property not only offers immediate returns but also the possibility for renovations that could boost its appeal in a constrained rental market. Given its advantageous location and unique mixed-use appeal, act quickly to seize this investment opportunity before it’s gone!
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