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105 - 107 Queen Street, Newton Abbot, Devon TQ12 2BG

105 - 107 Queen Street, Newton Abbot, Devon TQ12 2BG

£275,000
Mixed Use
About this Property
2023-10-26
275000
Traditional
Mixed Use
Description

A fabulous investment opportunity to acquire a freehold town centre premises comprising of a ground floor retail unit currently let to a long established tenant, on a fully repairing/insuring lease, with rents passing on a six year renewable term of £12,500 + vat, along with two x 1 bedroom first and second floor self contained flats, both let on assured shorthold tenancies and currently generating incoomes of £8,820 pae and £7,800 pae respectively, with the potential for an increase of the rental income of the second floor flat in 2024. The whole currently providing a combined income of £29,120 pae.

Location
More Information
Not Specified
Queen Street
Planing Authority
Teignbridge LPA
Sold Price History
26 Oct 2023Unsold Lot Countrywide Property Auctions£275,000
26 Oct 2023Unsold Lot Sutton Kersh£300,000

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