Summary - MERCHANTS HOUSE, 3D, BARLEY MARKET STREET PL19 0JF
1 bed 1 bath Commercial Property
**Standout Features:**
- Prominent mixed-use property in Tavistock.
- Four ground-floor commercial units, recently leased.
- Seven residential flats, with five sold off on long leases.
- Gross initial yield of approximately 11% with rental increase potential.
- Traditional construction with historical architecture.
- Recent upgrades for safety compliance.
- Freehold tenure and no VAT on the sale price.
**Summary:**
Discover a fantastic investment opportunity in the heart of Tavistock with this substantial mixed-use building. Rich in historical charm, this property features four generously-sized ground-floor commercial units currently generating £35,880 annually. Above, you’ll find seven residential flats, offering a steady income stream with five units already under long-term leases—meaning you can start benefiting from returns right away! Positioned strategically near the main shopping area, this property is a blend of residential and commercial appeal, ideal for investors looking to maximize yield in a thriving market town.
While the property is in good condition following recent upgrades for fire safety compliance, it also holds the potential for further development opportunities. As Tavistock continues to grow in popularity, don’t miss out on this rare chance to invest in a valuable asset, available for £725,000. With a blend of urban amenities and community resources within walking distance, this property could be the key to significant long-term gains—act now before it’s gone!
High street retail property for sale in 4 Market Road, Tavistock, Devon, PL19 — £150,000 • 1 bed • 1 bath • 615 ft²
Commercial property for sale in Lockyer House & The Old Dairy, Paddons Row, Tavistock, Devon, PL19 — £515,000 • 1 bed • 1 bath • 3600 ft²
3 bedroom terraced house for sale in West Street, Tavistock, PL19 — £325,000 • 3 bed • 2 bath • 3648 ft²
Commercial property for sale in Russell House, 3-3A Duke Street And 1-3 Pepper Street, Tavistock, Devon, PL19 0BA, PL19 — £550,000 • 1 bed • 1 bath • 1423 ft²
Commercial development for sale in 6 Bedford Square, Tavistock, Devon, PL19 — £450,000 • 1 bed • 1 bath • 3229 ft²
Commercial property for sale in West Street, Tavistock, PL19 — £325,000 • 3 bed • 2 bath • 3648 ft²
