Summary - The Square, Holsworthy, Devon EX22 6DL
1 bed 1 bath Retail Property (high street)
Prime corner retail freehold with tenant in place and first-floor development potential..
Freehold high-street corner shop in Holsworthy Square, compact 498 sq ft
Let to established jewellers — immediate rental income
Two-storey Victorian/Georgian character with arched windows
First-floor conversion potential to studio, subject to consents
Only 2 years remain on lease — mortgage lending likely restricted
Small plot in a relatively deprived area; factor local demand
No flood risk; excellent mobile signal, average broadband speeds
Requires refurbishment/consent work for development and modernisation
This compact freehold retail building occupies a prominent corner position in Holsworthy Square, a busy market-town centre location that benefits from pedestrian flow and nearby national occupiers. The property is currently let to a successful jeweller, providing immediate rental income and an entry-price freehold at £125,000.
The two-storey Victorian/Georgian building has period character, street-facing arched windows and scope to add value. There is clear development potential to convert the first floor into a studio apartment (subject to planning and building regulations), creating either additional income or a mixed-use asset.
Important cautions are clear: only two years remain on the current lease, which is likely to make mortgage finance difficult or impossible for some buyers. The building sits in a small plot within an area showing relative deprivation and average crime statistics — investors should factor local demand and rental prospects into valuations.
Practical positives include no flood risk, excellent mobile signal and a central conservation-area setting that supports long-term town-centre footfall. However, the property will suit buyers prepared to manage or refurbish a period building and to pursue any necessary consents for upper-floor conversion.
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