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Teignmouth
Well located Freehold Investment Property in the centre of Teignmouth

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Price £89,500

Size approx. 797sq.ft. (74sq.m.)

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Key features

Well presented property in central location
2 upper floor flats sold off on 999 year leases
Spacious accommodation
Long standing tenant
Offering a return of over 8% before purchase costs

Description

An opportunity to acquire this well-located freehold Investment property in the centre of the popular coastal town of Teignmouth, in a mixed commercial and residential area. The property comprises a double fronted Ground Floor Retail unit with Workshops / Stores and Office to the rear plus a small courtyard. The 2 flats over have been sold off on 999 year leases at ground rents of £100 per annum each.