Summary - 33 BROOK STREET TAVISTOCK PL19 0HE
1 bed 1 bath Retail Property (high street)
Town-centre retail with immediate income and a strong initial yield.
Ground-floor shop, 45.3 sq.m (488 sq.ft.)
A compact ground-floor retail investment in the heart of Tavistock’s secondary shopping pitch, directly opposite the Co-op and main car park. The mid-terraced Georgian/Victorian frontage provides good street visibility and straightforward shop layout with rear storage and a toilet.
The property is let on a six-year lease from 1 March 2023 producing £10,020 pa, giving a quoted gross initial yield of c.10.02% at the guide price. There is a rent review due on 1 March 2026 and the upper self-contained flat has been sold off on a 999-year lease (flat includes the rear garden).
Practical considerations: EPC Band E (112), medium flood risk and above-average local crime levels. The retail unit is modest in size (45.3 sq.m / 488 sq.ft.) and the shop forms part of a period terrace, so major modernisation may be needed to change use or upgrade energy performance.
This lot will suit an investor seeking a readily manageable town-centre rental with immediate income and potential to re-let or refurbish at tenancy expiry. Buyers should allow for future maintenance, the upcoming rent review, and any costs to improve EPC and flood resilience.
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