Mixed-use investment property for sale in Torquay with retail and residential units
Torquay, Devon
- Status
WITHDRAWN
- Advert ID
652017
- Reference
CD-90336 / Rightbiz
- Call Agent:
- Freehold: £165,000
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
Auction Lot: A freehold mixed use investment property situated in Torquay For Sale in Torquay
41 Abbey Road is a freehold mixed-use investment property situated in Torquay, the largest of the three towns forming the Borough of Torbay on the South Devon coast. The property is arranged over three floors and comprises a ground-floor retail unit, a first-floor one-bedroom flat, and a lower-ground-floor two-bedroom flat. All three units are currently let, providing a combined gross rental income of £22,260 per annum with no voids.This is a rare opportunity to acquire a fully income-producing freehold investment at a guide price offering a gross yield comfortably in excess of 12%. There is no refurbishment requirement and no void risk — the building is tenanted and trading from the moment of purchase.
Guide Price £165,000 to £175,000
Link to Auction https://www.btgeddisonspropertyauctions.com/property/proof/202606011348sq_hdsu/$2y$12$ZlD5/N0L5lOTEF/8JW7ldupC10CqbNpIxYTAssQBrHiDPoHnHHLHa
Our Reference: CD-90336
For Sale by Public Auction 30/7/26
Freehold mixed-use investment
Ground floor retail unit
1 x 1-bedroom flat
1 x 2-bedroom flat
Fully let, producing £22,260 per annum
Rear courtyard garden
EPC Rating: D, D & D
• FH Price: £165,000 Guide Price
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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