Key Features

• Mixed use investment with fantastic water views to the rear
• Central location in Torpoint
• Parking for 5 cars to the rear
• 4 tenants, 2 commercial, 2 residential
• Combined income: £28,500 PAX
• Asking price £285,000 – reflecting a 10% gross yield

Description

We are delighted to offer to the market this mixed-use investment where Done Brothers (Cash Betting) Ltd who trade as Betfred are the ground floor shop tenants and have a lease in place until 31st December 2026. The annual rent achieved is £10,500 PAX.

The lower ground floor is let to a Slimming World franchisee who has a lease in place until 30th September 2026. The annual rent achieved is £4,200 PAX.

Flat one is on an assured shorth hold tenancy with an annual income of £6,900 per annum. Flat two is also on an assured short hold tenancy with an annual income of £6,900 per annum.