Terraced house · TQ2 5UW
Sold STCListed 36 daysAuction 8 Oct · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by online auction - Lot 49 - Retail Unit Bidding opens: 06/10/2026 12:00 Auction scheduled to end: 08/10/2026 15:34 online auction from 6th October-8th October 2026 A compact retail unit arranged as three connected shop areas, providing approximately 29.6 sq m (319 sq ft) of accommodation in total.
The unit has a glazed frontage and entrance from Lucius Street.
The flexible internal layout may suit a range of retail, office, salon, studio or other business uses, subject to any necessary planning permissions and consents.
Location Lucius Street is situated close to Torquay town centre, its shops, services, public transport links and the seafront.
Potential Continued retail use or reconfiguration for a range of alternative commercial uses, subject to planning and other necessary consents.
Suited to Owner-occupiers, small businesses and investors seeking a low-overhead commercial unit on an effectively freehold-length lease. Key Facts 999-year lease from completion.
Ground rent: £1 per annum. Approximate total floor area: 29.6 sq m (319 sq ft).
Tenure: Advised Leasehold - 999 years from completion - to be verified by solicitor Tenancies: To be sold with vacant possession Annual Ground Rent £1.00
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Unit 2, 21 Lucius Street, Torquay
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