**Property Highlights:**
- Mixed-use investment with a ground floor shop and two residential flats.
- Potential annual income of £6,400 from various sources.
- Located in the bustling Castle Circus area of Torquay, close to the main retail high street.
- Off-street parking available for residential units.
- Affordable price of £65,000 with a long lease on residential flats (125 years remaining).
This mixed-use property at 20 Tor Hill Road presents an exceptional investment opportunity in the heart of Torquay. With a well-presented ground floor retail unit generating approximately £6,000 per year, and two self-contained residential flats each with off-street parking, this property is designed for ease of management and income potential.
Nestled in a lively area surrounded by independent shops and essential amenities, this property is an inviting prospect for first-time buyers and seasoned investors alike. The central location offers quick access to Union Street, ensuring foot traffic for the retail space. While the residential flats have a long-term appeal with 125-year leases, potential buyers should be aware of the high crime rate in the area and overall deprivation, which may impact rental demand.
Don’t miss out on this opportunity to add a valuable asset to your portfolio in a vibrant town setting. Act fast—properties with this kind of potential are rare to find!
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