Summary - 48a East Street TR7 1BE
1 bed 1 bath Commercial Property
Large Victorian mixed-use building with rental income and refurbishment potential close to station..
- Current income £25,500 per annum
- Large ground-floor retail with forecourt trading
- Separately accessed maisonette currently let on an AST
- EPC rating C; fast broadband and excellent mobile signal
- Built before 1900 with granite walls, likely uninsulated
- Electric storage heaters; mains electricity fuel only
- High local crime rates; area classed as very deprived
- Requires modernization to maximise rental/value uplift
A substantial Victorian mid-terrace on East Street, offered as a mixed retail and residential investment. The large ground-floor retail unit benefits from a forecourt for trading and is complemented by a separately accessed upper maisonette currently let on an AST, producing a combined current income of £25,500 pa. The property has a traditional granite facade, dormer windows and three storeys that provide flexible space across approximately 1,212 sq ft.
This is a clear opportunity for an investor or owner-occupier seeking rental income and uplift through refurbishment. The building has an EPC rating of C and good digital connectivity with excellent mobile signal and fast broadband, and it sits opposite the main Post Office and close to Tesco Extra and the railway station — strong footfall for retail use.
Buyers should note material drawbacks: the building dates from before 1900 and the stone walls have no assumed insulation, so thermal performance may be limited despite double glazing of unknown installation date. Heating relies on electric storage heaters and mains fuel is electricity, which can be costly. The area records high crime levels and is classified as very deprived, factors that can affect tenancy risk and future rental values.
The property will suit a hands-on investor prepared to modernise the retail unit and improve energy performance, or a buyer seeking a mixed-use holding in a busy coastal town. Clear potential exists to increase income by refurbishing the shop and improving residential amenity, but allowances should be made for renovation costs and for managing risks linked to location and building age.
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