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Commercial Investment for Auction Newton Abbot TQ12
Auction Date
24 October 2024
Guide Price
£310,000
Property Summary
Reserve Price Not Higher Than £310,000. Town centre freehold investment. Ground floor (1759 sq ft, source VOA) let to Specsavers producing £32,250 pa, upper parts (2 x 2 bedroom flats), held on reversionary leases (2 x 62 year terms) producing ground rent of £50 pa each. Flat 2 (first floor) recently enquired about extending their lease, this is yet to be formalised (see legal pack for details).
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