Auction Lot: Mixed Use Investment in Newton Abbot Town Centre, Devon
Property Features
- Business Types: Auctions, Flat, Investment, Mixed Use, Vacant Retail
- Our Ref: CD-90344
- To be Sold by Public Auction 28/10/26
- Five units: shop, rear office suite, bedsit and 2 flats
- Two units let, producing £12,200 per annum
- Rear offices, bedsit and Flat 2 all available to let
- Fully let ERV of around £35,200pa,
- Approx 227 sq m (2,447 sq ft) gross internal
- Flats and offices separately accessed off a communal hallway
Summary
Property Summary
The building runs to approximately 227 sq m (2,447 sq ft) gross internal over ground, first and second floors, with a loft above. The ground floor shop is let to Wellbeing in Action, a registered charity, on a periodic tenancy at a rent presently below market to reflect the tenant's charitable status. We understand that notice has been served to the tenant which expires on 31 December 2026. We refer bidders to the auction legal pack for details. Flat 1 on the first floor is let on an assured periodic tenancy at £600 per calendar month. Flat 2 on the second floor is available wi
An opportunity to acquire a mixed-use freehold investment in the heart of Newton Abbot, a market town of around 26,000 people serving a wide rural catchment in South Devon. The property sits on Queen Street, the town's principal retail thoroughfare, within a parade of independent and national occupiers and a short walk from the railway station, the market and the main town centre car park at Cricketfield.
The building runs to approximately 227 sq m (2,447 sq ft) gross internal over ground, first and second floors, with a loft above. The ground floor shop is let to Wellbeing in Action, a registered charity, on a periodic tenancy at a rent presently below market to reflect the tenant's charitable status. We understand that notice has been served to the tenant which expires on 31 December 2026. We refer bidders to the auction legal pack for details. Flat 1 on the first floor is let on an assured periodic tenancy at £600 per calendar month. Flat 2 on the second floor is available wi
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