Summary - Fore Street, Torrington, Devon EX38 8HQ
5 bed 5 bath Not Specified
Mixed-use freehold with five flats, active retail income and attic conversion potential..
Investment freehold producing £35,400 p.a. (6.49% yield)
A rare freehold investment in the heart of Great Torrington, this mixed commercial and residential building produces a current income of £35,400 per year (circa 6.49% yield at the asking price). The property comprises a prominent ground-floor retail unit let to a long-established business plus five self-contained flats (four x one-bed, one x two-bed). Communal areas and the flats are described as well presented; EPC ratings for the flats range C–E and the commercial EPC is to be confirmed.
There is clear upside: the large attic offers scope to create a sixth apartment subject to planning permission and building regulations, and the building’s corner position and high street frontage help tenant demand and visibility. Parking for residents and visitors is available off-street plus public pay-and-display car parks nearby; annual permits are available for local workers.
Buyers should note material points plainly. Overall internal area is modest (total approx. 645 sq ft residential listed per summary) and some individual flats are small. The attic conversion is potential only and requires permissions and cost to implement. EPCs include D and E ratings for some flats, which may mean upgrade works are needed to meet future regulations or reduce operating costs.
This is best suited to an investor or portfolio buyer seeking a town-centre asset with immediate income and short-to-medium term value-add potential through space reconfiguration and energy improvements. The current retail business continues to trade unaffected, providing stable commercial income alongside the residential rents.
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