Summary - 14, BANK STREET TQ14 8AW
1 bed 1 bath Mixed Use
**Standout Features:**
- Mixed-use property with ground floor café (currently let) and self-contained 2-bedroom cottage.
- Strong rental income: £21,300 p.a. with a gross initial yield of 7.22%.
- Attractive central location in Teignmouth with high foot traffic.
- Nearby amenities include popular retailers and leisure options, enhancing accessibility.
**Potential Concerns:**
- Property is located in a high-crime area.
- Future renovations may be necessary to refresh the residential cottage.
This mixed-use property at 14 Bank Street in Teignmouth presents a fantastic investment opportunity, combining a vibrant café space with a charming two-bedroom cottage at the rear. With a solid gross initial yield of 7.22%, investors can enjoy a reliable annual rental income of £21,300 from established tenants in a bustling town center. The ground floor shop covers 732 sq ft, while the self-contained cottage boasts an additional 850 sq ft, creating versatility for various uses or renovations.
Situated close to numerous amenities and just a short distance from the train station, this property offers the urban convenience today's renters crave, making it a practical choice for both investors and potential homeowners. While there may be some need for updates, especially in the cottage area, this dual-purpose location offers excellent potential for growth and customization. Don’t miss your chance to secure this unique investment in a desirable seaside town—opportunities like this rarely last long!
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