Property for sale

Union Street, Newton Abbot TQ12

Freehold Mixed-Use Investment Property For Sale. Ground Floor Commercial Premises with Three Self-Contained Flats Above.

The property is situated on Union Street, a secondary commercial street close to the main shopping area and town centre of Newton Abbot.

Union Street is an established mixed commercial and residential location, popular with independent businesses, service providers and professional occupiers seeking accessible premises within easy reach of the town centre. Newton Abbot itself is one of South Devon’s principal market towns and provides a comprehensive range of shopping, leisure and professional services together with excellent transport connections.

The property comprises a mid-terrace, freehold mixed-use investment arranged as a ground floor commercial unit with three self-contained residential flats on the upper floors. The commercial premises are currently vacant but were previously occupied as a hair salon at a rent of £10,000 per annum.

The unit remains fitted out for salon/beauty use and comprises a principal trading area together with WC, kitchenette and a separate beauty/treatment room.

The three residential units are independently accessed via a communal staircase positioned to the left-hand side of the property and comprise two one-bedroom flats and one studio flat. Each flat is self-contained and independently metered for electricity. There is no gas connection to the property.

Ground Floor Commercial Unit

Trading Area

Width: Approximately 4.44m (14' 7") and increasing to 7.00m at the rear.

Depth: Approximately 13.81m (45' 4").

Gia: Approx: 61m2 (660 sq ft).

WC

Kitchenette

Beauty / Treatment Room

Flat 1

Hallway

Bedroom With En-Suite (3.15m x 2.27m (10' 4" x 7' 5"))

Lounge / Kitchen (4.30m x 3.64m (14' 1" x 11' 11"))

Flat 2

Hallway

Lounge (4.40m x 4.05m (14' 5" x 13' 3"))

Opening into:-

Kitchen / Diner (4.19m x 1.85m (13' 9" x 6' 1"))

Bedroom (2.95m x 4.00m (9' 8" x 13' 1"))

With:-

En-Suite (2.40m x 1.21m (7' 10" x 4' 0"))

Flat 3

Hallway

Kitchen (3.26m x 2.92m (10' 8" x 9' 7"))

Bathroom (2.13m x 1.84m (7' 0" x 6' 0"))

Lounge (4.02m x 3.22m (13' 2" x 10' 7"))

Bedroom (4.41m x 2.67m (14' 6" x 8' 9"))

Tenure

The property is offered for sale freehold subject to the existing residential tenancies.

The three residential flats are currently let and generate a combined rental income of £22,300 per annum.

The ground floor commercial premises are currently vacant and were previously let at £10,000 per annum.

EPC Ratings

Flat 1: C.
Flat 2 (4A): E.
Flat 3 (4B): D.
Commercial: Awaited.

Business Rates

2026 Rating List: £11,750.

Please note that the Rateable Value is not the amount of Business Rates payable. Interested parties are advised to make their own enquiries with the Local Billing Authority regarding the rates payable and any relief which may be available.

Council Tax

Each flat has a council tax band A rating. The tenants are responsible for payment.

Viewing

Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.