Devon Square, Newton Abbot, TQ12 2HN

Offers Over £700,000

13 Devon Square, Newton Abbott

Property Type: Commercial units, with planning consent for additional units including a detached cottage

Size: 3380 square feet

Please ask for any more details and planning application links can be sent.

https://publicaccess.teignbridge.gov.uk/online-applications/applicationDetails.do?activeTab=summary&keyVal=S4Y4DQPZJUI00

https://publicaccess.teignbridge.gov.uk/online-applications/applicationDetails.do?activeTab=documents&keyVal=QMXCUWPZJCJ00

Nestled within the heart of Newton Abbott's historic centre, Devon Square stands as a beacon of architectural distinction and commercial opportunity. This Grade II listed property, spanning an impressive 3380 square feet, presents a rare chance to invest in a piece of local heritage while capitalising on its potential for diverse commercial ventures. From its classic façade to its meticulously preserved interiors, this property offers a blend of historic charm and modern functionality, making it an enticing prospect for discerning investors and entrepreneurs.

Historic Significance: Dating back to between 1840-1860, Devon Square holds a storied past that adds to its allure and character. As a Grade II listed property, it enjoys protection under heritage laws, ensuring its preservation for generations to come. The architectural details, including its distinctive façade and period features, serve as a testament to its rich heritage and timeless appeal.

Versatile Layout: Spanning 4510 square feet across multiple levels, this property offers a versatile layout suitable for a wide range of commercial uses. Currently configured as two separate commercial units, it holds planning consent for the addition of three units, including a detached cottage. This flexibility allows for creative adaptation to accommodate various business models, from retail shops and boutique galleries to office spaces and hospitality ventures.

Expansion Potential: With planning consent already secured for additional units, including a detached cottage, this property presents an exceptional opportunity for expansion and diversification. The proposed units offer the flexibility to cater to different market segments, enhancing the property's appeal and revenue-generating potential. Whether utilized for rental income or owner-occupied businesses, the added units promise to maximise the property's value and profitability

Prime Location: Situated in the bustling heart of Newton Abbott, Devon Square enjoys a prime location with high visibility and accessibility. Surrounded by a mix of residential dwellings, commercial establishments, and cultural attractions, it benefits from a steady flow of foot traffic and passing trade. The property's proximity to public transportation hubs, major roadways, and popular landmarks further enhances its desirability and convenience for tenants and customers alike.

Architectural Integrity: Meticulously maintained and preserved, the architectural integrity of Devon Square remains intact, offering a rare glimpse into the past while meeting modern standards of comfort and functionality. Original features such as sash windows, decorative mouldings, and a cellar space contribute to the property's character and charm, creating an inviting ambiance that resonates with visitors and occupants.

Investment Potential: Beyond its intrinsic value as a historic landmark, Devon Square represents a sound investment opportunity with promising returns. The property's prime location, expansion potential, and versatile layout make it an attractive proposition for investors seeking to diversify their portfolio or capitalise on the growing demand for commercial real estate in Newton Abbott. Whether purchased as a long-term asset or redeveloped for resale, its enduring appeal ensures enduring value and appreciation over time.

Local Amenities: Surrounding Devon Square are a plethora of local amenities, including shops, restaurants, cafes, and recreational facilities, catering to the diverse needs of residents and visitors alike. The property's proximity to Newton Abbott's centre offers convenient access to essential services and leisure activities, enriching the quality of life for tenants and enhancing the overall appeal of the locale.

Community Engagement: As a focal point of the local community, Devon Square has the potential to become a hub for cultural events, community gatherings, and collaborative initiatives. Its spacious interiors and adaptable layout make it ideal for hosting exhibitions, workshops, and other public activities that foster engagement and interaction among residents and businesses. By nurturing a sense of belonging and shared ownership, the property can contribute to the vibrancy and cohesion of Newton Abbott's social fabric.
Conclusion:

In summary, Devon Square epitomises the timeless allure of historic architecture coupled with the promise of modern opportunity. From its distinguished heritage to its strategic location and expansion potential, this Grade II listed property offers a compelling proposition for investors and entrepreneurs seeking to make their mark in Newton Abbott's dynamic commercial landscape. With its versatile layout, architectural integrity, and investment potential, it stands ready to embark on a new chapter of prosperity and growth, enriching the community and preserving its legacy for generations to come.

For further details and inquiries, please contact me on 01752 746700