This substantial freehold property presents an excellent opportunity for both immediate income generation and long-term investment potential. Comprising five commercial units and one residential flat, the layout is versatile, making it ideal for a range of business or developmental endeavors.
Positioned at the entrance to Winner Street, the property benefits from high visibility and foot traffic on Totnes Road. This area is increasingly popular, hosting a mix of independent shops, services, and professional offices that cater to a diverse clientele. The vibrant atmosphere of Winner Street enhances its appeal as a location for businesses looking to capitalize on the local market.
Currently, three of the commercial units are leased to a single tenant, but there is significant potential for reconfiguration to optimize rental income by splitting these units in the future. The office space spans three floors within the historically significant Grade II listed ‘Belgrave House.’ Currently, two floors are occupied by a solicitor's firm while the second floor and attic space remain vacant. Previously yielding £800 per month when let as office space, this level of rental return presents an attractive opportunity for prospective landlords.
Accessed via a private courtyard at the rear, the basement level houses a two-bedroom flat currently rented out at £800 per month. This adds another layer of revenue to your investment strategy while allowing room for enhancements that could increase value over time.
The property's various features include individual electricity meters for each floor and apartment, ensuring clear utility management. Furthermore, with ongoing demand for commercial spaces in this thriving location, potential exists for further development or renovation that could enhance rental yields or increase overall property value.
Overall, this property not only provides stable current income but also offers significant scope for renovation and strategic upgrades in an area poised for growth.
