Savills · 21 Oct 2026 · in 3 days
Mixed-Use Retail and Industrial Investment
53-55 & 59 Market Street, Torquay, Devon, TQ1 3AW · South West
LiveMixed-useFreeholdLet
- Guide
- £160,000
- Rent a year
- £24,000
- Yield on the guide
- 15.0%
- Payback
- 6.7 yrs
- Net yield, after buying costs
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- C
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.
The cost breakdown and net yield: included with access, £49 a month. Start with a free account.
Create an accountWhat it's likely to sell for
From what comparable lots actually sold for against their guide, in Cornerlot's results.
The likely sale range: included with access, £49 a month. Start with a free account.
Create an accountEnergy rating
- A
- B
- C
- D
- E
- F
- G
C from the government EPC register, lodged 31 Mar 2025 (certificate 4580-0908-8895-0845-1445). Meets today's minimum for letting commercial property in England and Wales (E or better).
How it compares
Market comparisons: included with access, £49 a month. Start with a free account.
Create an accountHistory
- First listed on Cornerlot 11 Oct 2026.
Savills' record
Savills' results: included with access, £49 a month. Start with a free account.
Create an accountAbout the lot
Freehold mixed use lot in Torquay. Producing £24,000 a year, a 15.0% gross yield at the guide.
Mixed-Use Retail and Industrial Investment with Evident Asset Management Potential Two Retail Units Plus Rear Warehouse of 15,991 sq ft (1,485.56 sq m) Fully Let on a Single Lease expiring 04.12.2026 Investment Let at £24,000 per annum reflecting a very low £1.50 per sq ft. Mixed-Use Retail and Industrial Investment. Two Retail Units Plus Rear Warehouse. Fully Let on a Lease Expiring 04.12.2026. Evident Asset Management Opportunities. Development Potential (subject to consents). Established and Popular Location. Investment Let at £24,000 p.a. (15% GIY on Guide Price). The property comprises a mixed-use retail and industrial investment with a number of asset management and development opportunities (subject to obtaining the requisite consents). Arranged as two retail units and a large warehouse to the rear the property is fully let on a single lease to a tenant trading as a furniture superstore. The ground floor retail units have been merged to form a single retail space and also link through to the rear warehouse, all are let on a single lease expiring 04.12.2026 and paying £24,000 per annum, reflecting a very low £1.50 per sq ft. We therefore consider the property offers evident asset management potential via improvement of the rents. The upper parts of the retail units comprise residential accomodation and are sold off on a long leasehold basis. Alongside the evident asset management potential via improvement of rents. We consider the property may also offer development potential via conversion to alternative uses, including residential (subject to the existing leases and any requisite consents). The property benefits from a prominent frontage to Market Street, an established retail street close to the prime pitch of Union Street, with the surrounding area comprising similar mixed uses and local tenants. Tenure: Freehold
Figures come from Savills' published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.