Torquay TQ2 Mixed use for sale

>

Torquay TQ2 Mixed use for sale

Torquay TQ2
£65,000

Our Summary

  • Well Presented & Easily Managed Investment Opportunity

Description

This commercial property in Torquay's town centre offers a unique investment opportunity, comprising a shop and two residential ground rents (flats sold on long leases). The property is located on Tor Hill Road, near the main retail high street and town centre facilities. The ground floor shop is a lock-up unit with a retail area, store room, and staff WC's, currently occupied under a commercial lease. The two residential flats above are self-contained, two-bedroom units with parking spaces, sold on separate 125-year leases with a ground rent of £200 per annum per flat. The property is being sold freehold with vacant possession, offering a rare chance to invest in a central location.