Freehold Mixed-Use Investment Opportunity
Freehold Mixed-Use Investment Opportunity, comprising a self-contained two-bedroom flat to the first floor with private rear terrace, above popular pizza takeaway occupying the ground floor. Both units are individually let to established tenants. Total income is £26,400 pa which is a 9.1% yield from the guide price
The property has recently undergone a full refurbishment, including new external render and compliance with current building regulations, ensuring a modern, well presented investment requiring minimal immediate expenditure.
The accommodation comprises:
Fully fitted Pizza Takeaway, including customer service area, kitchen/preparation space, storage, and staff facilities.
Let to a well-established tenant operating a successful local business.
The commercial interior maintenance is the responsibility of the current tenant.
First Floor - Residential Flat:
Self contained 2 bedroom flat accessed via a separate entrance.
Features a kitchen, lounge, two double bedrooms, and a family bathroom.
Benefits from a private rear terrace.
Internal maintenance of the flat is the responsibility of the landlord.
External Features:
Four private parking spaces to the side of the building, each fitted with bollards.
The spaces offer potential for an additional income stream from local residents or can be allocated to current or future tenants if required.
Tenancy Details:
Residential Flat: Tenanted until May 2026. £1,000 pcm/£12,000 pa
Pizza Takeaway: Tenanted until January 2032. £1,200 pcm/£14,400 pa
Both tenants are on separate leases.
Ideally situated in a central position, the property offers easy access to the town centre, seafront, and train station, making it a highly desirable and convenient location for both residents and businesses. A new housing development directly to the rear of the property further enhances its appeal, increasing local footfall and future demand for both residential and commercial space in the area.
D
Freehold
For Sale by Online Auction on 29 April 2026
FREEHOLD Commercial Mixed Use
Total Income is £26,400pa - 9.1% yield from the guide price
Pizza Takeaway Ground Floor
2 Bedroom Flat First Floor
4 Parking Spaces
CLOSE TO TOWN, STATION & BEACH
PRIME POSITION
Plus Fees
Material information will be provided within the legal pack - to download this register your interest at tcpa.co.uk.
Bidding Security Deposit:
In order to bid, you are required to provide a bidding deposit of £2500 for each lot you wish to bid on, via the registration process.
A ‘hold’ is placed on this amount.
If your bid is successful on auction day, this amount will taken from your account and is included as part of your deposit payment for your property purchase.
If your bid is unsuccessful, the ‘hold’ is automatically removed and the funds are immediately released. The speed at which the funds will be back in your account will depend on your bank or building society.
Please note that bidding for a property is FREE. The bidding deposit forms part of your property purchase deposit and is therefore only taken from your account if successful.
Fees and Deposits:
All auctioneer fees and deposits stated are non-refundable. The deposit will be applied toward the final purchase price. Auctioneer fees, while not contributing to the purchase price, will still be included in the total chargeable consideration of the property when calculating Stamp Duty Land Tax, Land Transaction Tax, or Land and Buildings Transaction Tax (as applicable depending on whether the property is located in England, Wales, or Scotland).
FREEHOLD Commercial Mixed Use
Pizza Takeaway and 2 Bed Flat Above
Total Income is £26,400pa - 9.1% yield from the guide price
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.
All auctioneer fees and deposits stated are non-refundable. The deposit will be applied toward the final purchase price. Auctioneer fees, while not contributing to the purchase price, will still be included in the total chargeable consideration of the property when calculating Stamp Duty Land Tax, Land Transaction Tax, or Land and Buildings Transaction Tax (as applicable depending on whether the property is located in England, Wales, or Scotland).
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
By subscribing here you agree to receive relevant emails, news and updates from Town & Country Property Auctions. You can unsubscribe at any time.
No fuss, fast & free*
Town and Country offer a free selling service to a growing number of people choosing to sell their property quickly and easily through auction.
*Contact individual regions for cost
How to bid
Our buying at auction guide will help you throughout the process providing you with guidance to confidently secure your purchase.
Back to search results
Gallery
