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Torquay

South West

£300,000
Listed on 08/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This freehold office building, located prominently at the end of a one-way system in central Torquay, presents a strategic investment opportunity. Currently leased to Almy & Thomas Solicitors under a 5-Year Full Repairing and Insuring lease, this property showcases a solid income stream while also holding significant potential for future redevelopment. The area is known for its high foot traffic and accessibility to local amenities and transport links, making it an attractive option for professional tenants. Comprising four levels with a total floor area of 485m² (5,220 sq ft), the layout includes well-distributed office spaces along with storage areas in the basement. The property's adaptability under Class E usage allows for continued commercial operation or potential conversion to residential use, pending planning permissions in the future. As demand for commercial properties continues in the Torbay area, this site not only serves as a reliable yield-generating asset but offers exciting possibilities for enhancement or redevelopment down the line.

Investment Analysis

(TQ2 area)
Area Average
£282/sq ft
Avg Rent (weekly)
£213
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (TQ2)

Area prices are falling by -5.0% over the last 12 months
3 year growth: -2.6%
5 year growth: +9.1%
Investment Disclaimer: Analysis based on TQ2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Torquay
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,082
Based on a loan of £225,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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