4 bed flat for sale

East Street, Newton Abbot TQ12

For sale by traditional auction with bids invited by 4th September 2026 at 12.00 noon. For viewings, please call to book into one of the scheduled block appointments. A two storey, mid terraced Grade 2 Listed period property comprising three flats all being let on an assured periodic tenancy basis with total rents received per annum of £24,000. The property, which is located in a town centre position, will of course appeal to letting landlords on the lookout for a strong yielding investment. Others may consider the formal break up and sale of the individual flats following vacant possession subject to all necessary consent being obtainable.

An attractive multi unit residential investment comprising three separately let units, currently producing a combined rental income of £24,000 per annum. The property benefits from a 999 year lease commencing in 2022 and is offered subject to the existing assured periodic tenancies.

The accommodation comprises a mix of one and two bedroom units, providing a diversified rental profile and broad appeal within the local rental market. The existing tenancies provide an established income stream for the incoming investor, with potential for future rental growth subject to market conditions, tenancy arrangements and any necessary consents.
Accommodation


55A: A self contained one bedroom unit comprising a kitchen/living room, bedroom and bathroom/WC.

55B: A self contained two bedroom unit comprising an entrance hallway, kitchen/living/dining room, two bedrooms and bathroom/WC.

53A: A self contained one bedroom unit comprising a kitchen/living/dining room, bedroom and shower room/WC.
Tenancy information


55A: Let on an assured periodic tenancy at a current rent of £7,200 per annum.

55B: Let on an assured periodic tenancy at a current rent of £9,000 per annum.

53A: Let on an assured periodic tenancy at a current rent of £7,800 per annum.

The three units currently produce a combined rental income of £24,000 per annum, providing the incoming investor with an established rental income stream from completion, subject to the existing tenancy arrangements.
Tenure


Leasehold with a 999 year lease commencing in 2022, subject to the existing tenancies.