* Investor Opportunity
* Available Now
* Freehold
* Great location next to the cinema
* Large versatile property
* Loads of storage
* Residential income
Versatile Mid Terrace Property with Commercial Space and Residential Income
Are you looking for a property with immense potential in a prime location?
Look no further!
Property Highlights:
Formerly ej's Bar, this substantial mid - terrace property is a hidden gem
awaiting your vision.
Size: With abundant space, this property offers endless possibilities for
those with creativity and ambition.
Prime Location: Situated in the heart of Torquay's vibrant Town Centre, you'll
benefit from a high - traffic area with great visibility.
Versatile Commercial Space: Spread over two floors, the property is a blank
canvas, ready to be transformed into residential accommodation (subject to
planning) or the business of your dreams. Whether it's a restaurant, retail
store, office space, or anything else, the potential is limitless. We advise
an annual income of £6000 for the commercial space can be achieved.
Residential Income: Above the commercial space, you'll find a comfortable
three - bedroom flat spanning the top two floors. Currently occupied by a
tenant, it generates an annual rent of £13, 163. 76, providing an attractive
income stream.
The property is archiving an impressive yield of 8. 7% with the rental income
from the top flat. If the commercial space was to also be let out the
potential yield is a whopping 12. 7%.
Don't miss out on this unique opportunity to shape a property with substantial
potential. Whether you're an investor, business owner, or looking for a mixed -
use property, this is a must - see.
**Entrance / Waiting Area (5. 00m (16' 5") x 3. 00m (9' 10"))**
**Room 1 (4. 00m (13' 1") x 4. 00m (13' 1"))**
**Large Hall / Room 2 (12. 00m (39' 4") x 4. 00m (13' 1"))**
**Large Hall / Room 3 (12. 00m (39' 4") x 4. 00m (13' 1"))**

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