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For sale

Tavistock, PL19 0AA

Offers over £650,000

Retail
2
EPC Rating: C62/C62

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Key Features

Substantial mixed-use property with established tenants
Ground-floor convenience store & Post Office (£30,000 p.a.)
Two self-contained 1-bed flats generating £1,225 PCM combined
Separate rear office currently let (£3,500 p.a.)
Car Park, Plus Two private parking spaces (£130 PCM total)
Lower ground floor & basement offer untapped potential
Fully occupied - strong, diversified rental income
Excellent opportunity for investors or developers seeking growth
EPCs for Flats are both D- 62 and 64
CEPC for Post Office & Shop C 66
Grade Two Listed

Additional Information

A superb mixed-use investment opportunity comprising a thriving convenience store with Post Office, two well-presented one-bedroom flats, a fully let office suite, and rear parking. Already producing a strong income of around £49,760 per annum, with significant potential to add value through the unused lower ground and basement areas, this property offers both stability and growth in a sought-after location. Grade Two Listed.

An outstanding opportunity to acquire a substantial mixed-use property offering a thriving convenience store with Post Office, two self-contained flats, a fully let office suite, and rear car parking. Located in a prominent and bustling area, this well-established property already generates an excellent income with further scope for expansion and development.

The Property:
The ground floor is occupied by a long-standing convenience store and Post Office, producing a solid annual income of £30,000 per annum, ensuring a stable and reliable return from day one.

Beneath, the lower ground floor and basement offer untapped potential—ideal for additional retail storage, conversion to commercial use, or even residential development (subject to planning).

The first floor comprises two well-presented one-bedroom flats, both let on assured shorthold tenancies and generating a healthy combined rental income of £1,225 PCM.

To the rear, a separate office suite provides further income of £3,500 per annum, appealing to local professionals and small businesses.

Completing this fantastic investment are two private parking spaces, currently let at £65 PCM each, ensuring maximum utilisation of every part of the site.

Current Income Summary:

Shop & Post Office: £30,000 per annum

Flat 1: £600 PCM (£7,200 p.a.)

Flat 2: £625 PCM (£7,500 p.a.)

Office: £3,500 per annum

Parking (x2): £130 PCM (£1,560 p.a.)
Total Current Income: £49,760 per annum

Investment Highlights:

Strong existing yield with diverse income streams

Prominent trading position with established retail tenant

Potential to develop or enhance the lower ground and basement levels

Fully occupied with reliable tenants

Rear car park with income and further development scope

A rare chance to acquire a fully let, income-producing asset with exciting scope for future value growth.

Early viewing is highly recommended to appreciate the scale, flexibility, and potential of this exceptional investment property.