Tavistock, Devon · PL19
Abbey Place, Tavistock
Abbey Place, Tavistock, Devon, PL19
Offers in excess
A superb mixed-use investment opportunity comprising a thriving convenience store with Post Office, two well-presented one-bedroom flats, a fully let office suite, and rear parking. Already producing a strong income of around £49,760 per annum, with significant potential to add value through the unused lower ground and basement areas, this property offers both stability and growth in a sought-after location. Grade Two Listed.
The home, in the agent’s words
- Substantial mixed-use property with established tenants
- Ground-floor convenience store & Post Office (£30,000 p.a.)
- Two self-contained 1-bed flats generating £1,225 PCM combined
- Separate rear office currently let (£3,500 p.a.)
- Car Park, Plus Two private parking spaces (£130 PCM total)
- Lower ground floor & basement offer untapped potential
- Fully occupied – strong, diversified rental income
- Excellent opportunity for investors or developers seeking growth
- EPCs for Flats are both D- 62 and 64
- CEPC for Post Office & Shop C 66
Read the full agent description
An outstanding opportunity to acquire a substantial mixed-use property offering a thriving convenience store with Post Office, two self-contained flats, a fully let office suite, and rear car parking. Located in a prominent and bustling area, this well-established property already generates an excellent income with further scope for expansion and development.
The Property:
The ground floor is occupied by a long-standing convenience store and Post Office, producing a solid annual income of £30,000 per annum, ensuring a stable and reliable return from day one.
Beneath, the lower ground floor and basement offer untapped potential—ideal for additional retail storage, conversion to commercial use, or even residential development (subject to planning).
The first floor comprises two well-presented one-bedroom flats, both let on assured shorthold tenancies and generating a healthy combined rental income of £1,225 PCM.
To the rear, a separate office suite provides further income of £3,500 per annum, appealing to local professionals and small businesses.
Completing this fantastic investment are two private parking spaces, currently let at £65 PCM each, ensuring maximum utilisation of every part of the site.
Current Income Summary:
Shop & Post Office: £30,000 per annum
Flat 1: £600 PCM (£7,200 p.a.)
Flat 2: £625 PCM (£7,500 p.a.)
Office: £3,500 per annum
Parking (x2): £130 PCM (£1,560 p.a.)
Total Current Income: £49,760 per annum
Investment Highlights:
Strong existing yield with diverse income streams
Prominent trading position with established retail tenant
Potential to develop or enhance the lower ground and basement levels
Fully occupied with reliable tenants
Rear car park with income and further development scope
A rare chance to acquire a fully let, income-producing asset with exciting scope for future value growth.
Early viewing is highly recommended to appreciate the scale, flexibility, and potential of this exceptional investment property.
A feel for the area
Connected for everyday life
0%of premises in the postcode can access 100+ Mbps broadband.
Available speed bands
- 30+ Mbps
- 100%
- 100+ Mbps
- 0%
- 300+ Mbps
- 0%
- 1,000+ Mbps
- 0%
Getting about
4 milesto Gunnislake Rail Station
Approximate straight-line distance · DfT NaPTAN · 13 Sept 2026Background air quality
- Fine particles · PM₂.₅
- 5.0 µg/m³ · Above the WHO guideline · well within the UK legal limit
- Nitrogen dioxide · NO₂
- 3.6 µg/m³ · Meets the WHO guideline
Annual background levels. For scale: the WHO 2021 guideline is 5 µg/m³ for PM₂.₅ and 10 for NO₂; the UK legal limit is 20 and 40. Lower is better; this is a 1 km model, not a reading at the door.
Defra · 2024 annual model · 1 km areaLocal information is approximate. Distances are straight-line estimates from the available location. Broadband describes postcode coverage, not the speed or service available at this home; check the address with a provider. Air quality is a modelled annual background estimate.
Picture your everyday
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The information provided in this listing is for general information purposes only and does not constitute property particulars. We make no warranties or guarantees, express or implied, regarding the accuracy, completeness, or availability of the information.
Property details are provided by the listing agent, developer, or other third parties, and we have no control over the content provided. Prospective buyers or tenants should make their own enquiries and verify all information directly with the agent or relevant party.
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