Summary -
37a, Sherwell Valley Road,TORQUAY,TQ2 6EJ
TQ2 6EJ
1 bed 1 bath Mixed Use
**Standout Features:**
- Mixed-use property with long-term commercial tenant (pharmacy) generating £6,000 annual rent
- Vacant two-bedroom maisonette with substantial garden—perfect for renovation
- Freehold tenure with rental growth potential
- Located in a well-populated residential area near local amenities
**Notable Concerns:**
- Maisonette needs modernization; may require investment for refurbishment
- Just 5 years left on the lease for the retail unit, which could affect mortgage lending options
**Summary:**
Discover an exceptional mixed-use investment opportunity located on Sherwell Valley Road, in the vibrant Chelston district of Torquay. This property features a long-term rented pharmacy that provides a solid annual income of £6,000, with a lease recently renewed for five years, though potential buyers should be aware of the short lease's impact on financing. Above the commercial unit, a spacious two-bedroom maisonette offers a blank canvas for renovation, allowing for a personal touch or upgrade that could significantly enhance its value.
The maisonette's interior currently requires modernization, making this an attractive prospect for investors or first-time buyers looking to create their dream home. Complemented by a large garden, there’s immense potential to expand living space or add utility features. Set within a residential neighborhood, this property benefits from proximity to essential amenities, including shops, schools, and green spaces. Given the combination of rental income and renovation potential, this property won't last long in the current market—seize the chance to invest in a property with excellent future possibilities.
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