Summary - 2A THE PLAINS TOTNES TQ9 5DR
1 bed 1 bath Commercial Property
**Standout Features:**
- Grade II listed, three-storey mid-terrace property in Totnes
- Prominent, central location with high foot traffic
- Current net rental income of £30,000 per annum, solid investment potential
- Spacious layout with 170 sq m (1833 sq ft) of internal space
- Good condition with historical charm and character
**Concerns:**
- Lease length only has 6 years remaining; potential lending complications
- Difficulties anticipated in renovations due to listed status
- High local crime rates may be a concern for some buyers
Discover the unique opportunity to invest in a charming Grade II listed period property in the vibrant market town of Totnes. This spacious three-storey building, currently leased to "The Curator" café, guarantees a net income of £30,000 per year, making it a beneficial addition to any investment portfolio. Boasting approximately 170 square meters of flexible space, the ground floor features an open café area, while the first and second floors contain additional potential office space or could be converted for residential use.
Embrace the captivating character of this beautiful property, situated in a lively area known for its independent shops, eateries, and community vibe. However, prospective buyers should be mindful of the property's lease duration, as the remaining 6 years may present challenges with financing. Additionally, the listed status restricts extensive renovations, and there is a notable crime rate in the local area. Despite this, the property's history and potential for income make it a noteworthy investment opportunity that won't last long. Don't miss out on your chance to own a piece of Totnes' colorful heritage!
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