Summary - 15, BANK STREET TQ14 8AW
1 bed 1 bath Mixed Use
**Standout Features:**
- **Mixed-Use Property:** Ground floor takeaway and a self-contained 1-bedroom cottage
- **Strong Rental Income:** £21,840 p.a., with a Gross Initial Yield of 7.40%
- **Ideal Location:** Situated in the heart of Teignmouth, meters from amenities and the train station
- **Freehold Tenure:** This property offers straightforward ownership
**Summary:**
Discover an exceptional investment opportunity with this mixed-use property at 15 Bank Street, Teignmouth. Featuring a thriving ground-floor takeaway and a self-contained 1-bedroom cottage at the rear, this freehold building generates a robust rental income of £21,840 annually, yielding an impressive 7.40%. Situated in a bustling seaside town just a short stroll from the train station, you will benefit from a prime location surrounded by popular retailers and eateries.
The takeaway boasts a charming storefront with dining potential, offering great visibility and foot traffic. Meanwhile, the cozy, quaint cottage provides a comfortable living space with room for future enhancements, creating excellent potential for increased value. Proximity to excellent local amenities, including transport links and essential services, makes this property an ideal choice for first-time buyers, investors, or those looking to explore mixed-use opportunities.
Despite the attractive features, it's crucial to consider the local area's high crime levels and socio-economic challenges. Therefore, perfect for savvy investors seeking long-term gains or families looking to step into a community-oriented environment. Don’t miss out on securing this versatile property as investments like this, with dual purposes, rarely stay on the market for long!
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