Torquay, Devon

Market Street is located in the Tormohun ward of Torquay, which covers the town centre and its surrounding densely populated residential area. Market Street links the popular residential area of Ellacombe and the town centre, making it a high footfall location.   



Market Street is home to a range of independent business and the Indoor Market which hosts a range of traders and retailers. The area has recently benefited, from a notable development of the Torquay’s new NHS community diagnostic centre which should boost visitors to the area.   



Mixed use investment property, with large ground floor commercial unit of approximately 171m² (1,840 sq ft) and 5x self-contained flats over.   



The commercial unit is let on a 6-year lease expiring November 2028, at a rent of £7,800 per annum. The current tenant utilises the property for their removals and second-hand goods business.   



The residential units are arranged over 1st and 2nd floors and consist of 4x 1-bedroom flats and 1 studio flat. Two of the 1-bedroom flats are recently renovated and in excellent condition, the other two are occupied by longstanding tenants. The flats are fitted with their own electric sub meters and are separately charged for council tax.