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13 Fore St 1,167 sq ft 100% Let Retail Property Torpoint PL11 2AB £285,000 (£244.22/sq ft)
INVESTMENT HIGHLIGHTS
- Mixed use investment with fantastic water views to the rear
- Parking for 5 cars to the rear
- Combined income: £28,500 PAX
- Central location in Torpoint
- 4 tenants, 2 commercial, 2 residential
- Asking price £285,000 – reflecting a 10% gross yield
EXECUTIVE SUMMARY
Investment for Sale. Asking price £285,000 – reflecting a 10% gross yield.
We are delighted to offer to the market this mixed-use investment where Done Brothers (Cash Betting) Ltd who trade as Betfred are the ground floor shop tenants and have a lease in place until 31st December 2026. The annual rent achieved is £10,500 PAX.
The lower ground floor is let to a Slimming World franchisee who has a lease in place until 30th September 2026. The annual rent achieved is £4,200 PAX.
Flat one is on an assured shorth hold tenancy with an annual income of £6,900 per annum. Flat two is also on an assured short hold tenancy with an annual income of £6,900 per annum.
Torpoint is a thriving town located in South East Cornwall across the River Tamar opposite Plymouth. The catchment population of Torpoint and the Rame Peninsula is in excess of 12,000. Located in the town is the Royal Navy Training Base, HMS Raleigh. The main employer, apart from the Royal Navy, is Devonport Dockyard located across the River in Plymouth. Road communication is via the A374 with a vehicle ferry link to Plymouth, which runs an all-night service.
We are delighted to offer to the market this mixed-use investment where Done Brothers (Cash Betting) Ltd who trade as Betfred are the ground floor shop tenants and have a lease in place until 31st December 2026. The annual rent achieved is £10,500 PAX.
The lower ground floor is let to a Slimming World franchisee who has a lease in place until 30th September 2026. The annual rent achieved is £4,200 PAX.
Flat one is on an assured shorth hold tenancy with an annual income of £6,900 per annum. Flat two is also on an assured short hold tenancy with an annual income of £6,900 per annum.
Torpoint is a thriving town located in South East Cornwall across the River Tamar opposite Plymouth. The catchment population of Torpoint and the Rame Peninsula is in excess of 12,000. Located in the town is the Royal Navy Training Base, HMS Raleigh. The main employer, apart from the Royal Navy, is Devonport Dockyard located across the River in Plymouth. Road communication is via the A374 with a vehicle ferry link to Plymouth, which runs an all-night service.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,167 sq ft
Costar Property Class
B
Year Built
1950
Price
£285,000
Price per sq ft
£244.22
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Plot ratio
0.50
Total Plot Size
0.05 ac
Frontage
14 ft on Fore Street
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13 Fore St
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