Office for sale

Abbey Place, Tavistock, Devon PL19

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.

Tucked away behind a gated entrance along one of Tavistock’s most desirable roads, this impressive and substantial residence enjoys a discreet setting that combines privacy with exceptional convenience. Located less than half a mile from the town centre, the property offers easy access to Tavistock’s excellent range of amenities, all while enjoying far-reaching views across the town towards the surrounding countryside and Dartmoor National Park.

For those who enjoy the outdoors, the open moorland at Whitchurch Down is just over a mile to the east, offering a gateway to Dartmoor’s vast natural beauty.

Tavistock itself is a vibrant and historic market town, steeped in heritage dating back to the 10th century. Today, it boasts a fantastic mix of independent shops, cafés, and cultural attractions, along with well-regarded educational options – including the renowned Mount Kelly School. The town’s heart lies around the picturesque Bedford Square and the historic Pannier Market, where regular farmers’ markets bring a lively community feel.

Further afield, the maritime city of Plymouth lies approximately 15 miles to the south, offering a comprehensive range of amenities and coastal attractions, including the popular Mayflower Marina. The cathedral city of Exeter, around 40 miles northeast, provides excellent transport links to the rest of the country via its mainline railway station and access to the M5 motorway.