flat for sale in Abbey Road, TQ2, Torquay

Harmony Property Lettings

This listing was posted on Harmony Property Lettings (via ListedBuy).

£150,000

flat for sale in Abbey Road, TQ2, Torquay

Price:

£150,000

Location:

Torquay, Devon

Description:

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 sale of?13,163.76, providing an attractive income stream. The property is archiving an impressive yield of 8.7% with the saleal 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'). Still available at ListedBuy!

Posted:

April 10 on ListedBuy