Description

We are delighted to present Trot House, a professionally converted former public house offering a mixed-use freehold investment in a prime Fore Street location. The property comprises a commercial unit on the ground and lower ground floors, complete with a conference room, welfare facilities, and extensive basement basement storage. The upper floors feature a self-contained two-bedroom maisonette with spectacular views over the River Tamar. Currently, the commercial space is let to a professional services company, generating a steady rental income, whilst the maisonette attracts a favourable monthly rent. Combined the two offer an attractive and secure investment. Additionally, there is potential to enhance the site further through redevelopment, subject to the necessary consents. As a freehold mixed-use property, the standard rate of Stamp Duty applies, offering lower tax liabilities compared to fully residential investments and avoiding the Higher Rate SDLT. Commercial Premises (Approx. 152m2) The ground and lower ground floors of The Trot are dedicated to a versatile commercial space, currently occupied by a reputable professional services firm. The tenant has expressed a strong interest in extending their tenancy, ensuring a secure and continuous rental income stream for prospective investors. The premises include a well-appointed conference room, private open offices, staff kitchen, and welfare facilities, alongside substantial storage areas spread across two basement levels. This setup caters to a variety of business needs, making it a highly adaptable commercial asset. Residential Premises (Approx. 78m2) The upper two floors house a charming self-contained maisonette, accessible via an entrance on Macey Street to the rear elevation. This residence boasts two generously sized double bedrooms, a spacious living room a fully equipped kitchen, and a modern bathroom. Breathtaking views of the River Tamar can be enjoyed from the roof terrace, kitchen, and rear bedroom, offering a stunning backdrop to everyday living. The maisonette's design seamlessly blends comfort with functionality, making it an ideal living space for tenants seeking the convenience of a town centre residence. Potential Trot House presents significant potential for further development. Given its prime location on Fore Street and the precedent of neighbouring properties undergoing successful enhancements, there is ample scope to expand or modify both the commercial and residential spaces. Such developments could increase rental yields and overall property value, subject to obtaining the necessary planning permissions and consents. Situation Situated in the heart of Torpoint on Fore Street, the property benefits from high visibility and accessibility. The area is a bustling commercial hub with a variety of local businesses, ensuring consistent foot traffic. Its proximity to the River Tamar not only provides stunning views but also offers convenient transport links, including the nearby Torpoint Ferry, facilitating easy access to Plymouth and surrounding areas. This strategic location enhances the property's desirability for both commercial tenants and residential occupants. Commercial EPC Band: C Residential EPC Band: D Viewings strictly by appointment only, through the vendors nominated agents, Notman & Taylor Estate Agents. Please call to arrange an appointment to view in advance. Tenure: Freehold