Torquay, Devon

Situated in Ellacombe, Torquay, the properties form part of a small parade of shops in a largely residential area. Located just outside the town centre, Ellacombe is a popular residential area with its convenience to the amenities of the town centre, local parks, and primary school.  



The property itself is located on a busy corner, opposite Ellacombe Primary School. The commercial premises are well positioned to benefit from the high levels of passing vehicular traffic.   



A mixed commercial/ residential investment opportunity. The property is currently arranged as 2x commercial units across ground and lower ground floor and 2x residential units across first and second floor.   



The commercial units are currently let to family members of the vendor on tenancy at wills. We are informed the current occupiers would like to stay on after the sale, but only on tenancy at will agreements. Combined, the commercial units generate a rental income of £960pcm.   



The residential units are currently let on ASTs. The three-bedroom flat is arranged over first and second floor and is let at £866pcm. The one-bedroom flat is tidy, with a large lounge and is let at £628pcm.   



The property is an excellent investment for someone looking for a multiunit investment with scope for future growth. The commercial units are potential residential conversion opportunities (STP) or could be let to new commercial tenants on standard commercial terms.