Torquay TQ1 Mixed use for sale

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Torquay TQ1 Mixed use for sale

Torquay TQ1
£275,000

Price History

Initial price £320,000
05/02/25 £300,000
29/04/25 £275,000
Price Change -14.06%

Description

This is a mixed-use investment property located in the heart of Torquay's town centre, with a prime commercial pitch on the main high street. The property features a ground-floor catering unit, currently let to a noodle bar operator on a 7-year lease, and a 3-bedroom flat above, let to a tenant on an Assured Shorthold Tenancy. The commercial unit benefits from a high footfall area, with many locals and tourists walking past the property throughout the year. The residential accommodation is a spacious 3-bedroom property with a private patio courtyard, and the flat is currently let at a rent of £675 per month. The property is being sold freehold, subject to the commercial lease and the assured shorthold tenancy, and offers a unique investment opportunity with potential for future growth.