**Standout Features:**
- Prime commercial location on Torquay's main high street
- Ground floor retail unit let to a noodle bar on a 7-year lease at £17,000 per annum
- Spacious 3-bedroom flat currently rented at £675pcm
- Total gross rental income of £25,100 per annum
- Freehold tenure offers flexibility for future renovations or alterations
- Private patio courtyard with the residential unit
- High foot traffic area near Fleet Walk Shopping Centre
**Potential Concerns:**
- Mortgage lenders may be hesitant due to the remaining lease term of just 7 years
- The area has a high crime rate and is classified as very deprived
- Broadband speeds are very slow, which could impact potential tenants or business operations
This mixed-use property in Torquay presents a fantastic investment opportunity right in the heart of the town centre, boasting robust commercial and residential prospects. The ground-floor retail space is securely let to a popular noodle bar with a stable rental income, while the upper-level 3-bedroom flat offers spacious living that appeals to families or young professionals. The property is situated in a vibrant area with excellent foot traffic, ensuring year-round visibility for the commercial unit and a charming residential atmosphere.
Although the location has its drawbacks, including concerns regarding safety and internet connectivity, the overall investment potential remains strong—especially for those looking to capitalize on the commercial lease while enjoying the steady income from the residential flat. With freehold ownership, there’s also the possibility to make future improvements to enhance value. Don’t miss this unique chance to secure a prominent piece of Torquay real estate that blends comfort with investment potential; a property like this won’t be available for long!
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