Summary - 68, QUEEN STREET TQ12 2ES
1 bed 1 bath Commercial Property
**Standout Features:**
- Prime town center location on Queen Street, Newton Abbot
- Entirely let to Ladbrokes Betting & Gaming Ltd with a renewed 15-year lease starting September 2024
- Annual rental income of £24,450
- Total space of approximately 1,830 square feet
- High foot traffic area close to the pedestrianized Courtenay Street
- Strong surrounding retail mix with both national and independent operators
**Potential Concerns:**
- Lease term may limit financing options; potential mortgage challenges
- High crime rates in the local area
- Area classification categorized as deprived
- Some maintenance concerns may arise given property age
**Summary:**
Discover the investment potential of this substantial commercial property located in the bustling center of Newton Abbot, TQ12. Spanning an impressive 1,830 square feet, this mid-terrace Victorian storefront is fully leased to Ladbrokes Betting & Gaming Ltd, ensuring a secure annual income of £24,450 and a renewed lease for 15 years beginning September 2024. The property boasts a strategic position on Queen Street, with excellent visibility and foot traffic, surrounded by a vibrant mix of established retailers, from national chains to independent businesses.
While the lease term may present financing challenges and the area has higher crime rates and notable deprivation, the property's central location offers significant potential for future value appreciation. This is an excellent opportunity for investors seeking a solid commercial asset or those looking to tap into the lively retail atmosphere of South Devon. Act quickly to secure this rare find in a dynamic market.
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