Torquay TQ2 Mixed use for sale

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Torquay TQ2 Mixed use for sale

Torquay TQ2
£160,000

Price History

Initial price £180,000
08/11/24 £160,000
Price Change -11.11%

Description

This is a large mixed-use investment property located on Abbey Road, a busy and central location in the town centre. The property comprises a commercial unit with office, storage, and workshop space, currently let on a 3-year lease, and a three-bedroom maisonette above, let on an Assured Shorthold Tenancy. The commercial unit has a gross rental income of £7,000 per annum, while the maisonette generates £12,151.20 per annum. The property is being sold freehold, subject to the residential tenancy, and has a business rates list value of £7,100 for 2023. The property is connected to gas, water, and electricity and is available to view by prior appointment with the sole agents.