ROI = 34% BMV = 21.91%
Gallery
Description
Fore Street & Macey Street, Torpoint - Mixed-Use Freehold Investment Opportunity We are pleased to present this unique freehold investment comprising two distinct properties: a commercial unit located on Torpoint's premier Fore Street, along with a spacious two-bedroom maisonette offering picturesque views over the River Tamar. This versatile property offers significant potential, whether you choose to maintain the current mixed-use arrangement or explore the possibility of converting the commercial space into residential accommodation, subject to the necessary consents. NO HIGHER RATE STAMP DUTY - As a mixed-use property, the lower commercial rates of Stamp Duty Land Tax are payable. The Commercial Unit Positioned in the heart of Torpoint's established high street, the commercial unit boasts a prime location with excellent visibility and footfall. Currently operating as a café with beauty treatment rooms, the space is flexible and adaptable to suit a variety of business uses. The interior features a generous open-plan layout, currently divided by a temporary partition that can be easily removed to create a larger retail or work area. Complementing the open space are two treatment rooms, a staff kitchenette, a WC, and a storeroom. Whether you're looking to continue its current commercial use or take advantage of the potential to convert it into a residential property (subject to planning permissions), this unit offers a wealth of possibilities. To the rear, the property benefits from an enclosed walled garden - a rare find in such a central location - offering privacy and the potential for outdoor seating or further development. There is also a valuable off-street parking space accessed from Macey Street, enhancing the overall appeal for future buyers or tenants. The Two-Bedroom Maisonette Located above the commercial unit, this self-contained maisonette provides spacious living accommodation with the added benefit of off-street parking and stunning river views. The property is accessed via its own private entrance and is split over two floors, making it an ideal home or rental investment. The property features a flexible layout, currently arranged with one bedroom and a secondary reception room, but also a comfortable two-bedroom apartment with open-plan living space. The apartment has a well-appointed shower room, complete with a contemporary suite. Upstairs, the first floor houses a light-filled living area that combines an open-plan kitchen, dining, and lounge space. The kitchen is equipped with a range of base units, a built-in hob and oven, and space for additional appliances. A large window in the living area floods the room with light. Additionally, the property benefits from a substantial loft space (approximately 7m x 4m), offering great potential for storage or additional use by future buyers. Tenure: Freehold
Find out MoreProperty Details
- Property ID: 87044832
- Added On: 2024-10-01
- Deal Type: For Sale
- Property Price: £155,000
- Bedrooms: 3
- Bathrooms: 1.00
Amenities
- Freehold mixed-use investment opportunity
- Prime high street location in the heart of Torpoint
- Versatile commercial unit with potential for residential conversion (STPP)
- Spacious two-bedroom maisonette with river and countryside views
- Private garden and off-street parking accessed from Macey Street
- Excellent investment potential with both residential and commercial appeal
