Summary - YATES, 15-16, THE STRAND TQ1 2AA
1 bed 4 bath Retail Property (high street)
**Standout Features:**
- Prime waterfront location in Torquay, part of the prestigious 'English Riviera'
- Freehold retail property with a significant income secured by Stonegate Pub Co Ltd and an established restaurant
- 21.5 years remaining on the lease, offering stability for investors
- Attractive 8% net initial yield with a low capital value of £106 per sq ft
- Excellent transport connectivity, including fast train access to London and proximity to Exeter Airport
- High potential for tourism-related business ventures due to the area's popularity during peak seasons
**Concerns:**
- Mortgage lenders may have reservations regarding the remaining 21-year lease term
- High crime rate and area deprivation could impact appeal
This charming Victorian commercial property presents a lucrative opportunity for investors looking to tap into the thriving tourist market of Torquay. Nestled along the stunning waterfront, this property offers character with its classic red brick facade and period features, making it ideal for both retail and potential conversion. With a robust income anchored by Stonegate Pub and a reputable restaurant, this location promises a return on investment in a bustling area poised for further regeneration. Though the high crime rate and socio-economic challenges may pose concerns, the area's ongoing development and strong demand for leisure options could pave the way for future growth. Act now to seize this unique investment opportunity while it lasts!
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