Freehold mixed use investment

What it costs to own

The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.

What it's likely to sell for

From what comparable lots actually sold for against their guide, in Cornerlot's results.

Energy rating

How it compares

History

• First listed on Cornerlot 11 Oct 2026.

BTG Eddisons' record

About the lot

Freehold mixed use lot in Newton Abbot. Producing £5,000 a year, a 2.6% gross yield at the guide.

Lot 158, Mixed Use. Freehold mixed use investment. Comprising shop, rear office suite, 1 x 1 bedroom flat, 1 x 2 bedroom flat and potential studio flat. Current rent £12,200 p.a. Potential rent £35,200 p.a. Guide price: £190,000 - £200,000. EPC Rating: D D. The building is approximately 2,447 sq ft gross internal over ground, first and second floors, with a loft above. The ground floor shop is let to Wellbeing in Action, a registered charity, on a periodic tenancy at a rent of £5,000 per annum which reflects the tenant's charitable status. Let on a periodic year to year tenancy. We understand that notice has been served to the tenant which expires on 31st December 2026. We refer bidders to the legal pack for details. We refer bidders to the auction legal pack for details. Flat 1 on the first floor is let on an assured periodic tenancy at £600 per calendar month. Flat 2 on the second floor is available with vacant possession. Two further parts of the building are vacant. The rear offices at the rear of the property has its own access from the rear and do not form part of the charity's lease. They are currently being used for temporary storage. They comprise two rooms with a kitchenette and w.c. and would potentially suit letting as a self-contained office suite at an estimated rent £350 per calendar month. On the first floor, the bedsit has its own kitchen area (sink, water heater and base cupboards) and w.c. but no shower. Fitted out with one, it could potentially let at around £500 per calendar month, or alternatively it could be let as a small self-contained office at approximately £250 per calendar month. Occupancy: Part Let Part Vacant. Accommodation: Ground floor Shop, office suite to the rear First floor 1 bedroom flat comprising living room/kitchen, bedroom, bathroom Studio/bedsit comprising living room with kitchenette, separate w.c. and was hand basin, there is currently no shower Second floor 2 bedroom flat comprising living room with kitchen, 2 bedrooms, bathroom Tenure: Freehold Occupancy: Part Let Part Vacant General: Note Please be advised that whilst our joint agent has conducted an inspection, the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding. Address: 56 Queen Street, Newton Abbot, Devon TQ12 2EW