Versatile INVESTMENT PROPERTY opportunity which also offers DEVELOPMENT potential subject to obtaining the necessary permissions. Situated in popular and developing MID DEVON town, located on the edge of TIVERTON town centre with all amenities close to hand. Fronting busy pedestrian and vehicle thoroughfare with the benefit of pull over car parking, bordering residential areas, close major employer, short walk town centre and attractive riverside.
Deceptive corner sited property extending over 3 levels, currently configured to provide ground floor retail area, 1 bedroom ground floor flat, 1 bedroom first floor flat, and 1 bedroom second floor flat, all benefiting from separate electric, gas, and water meters. The flats being of a good size with potential to create additional accommodation through some re-configuration.
Property in same ownership some 35 years, offered for sale to pursue retirement. The retail area currently occupied by the vendor, will be vacated upon a sale, considered suitable for a variety of trades/uses, either owner operated or could be let generating additional income. Flats enjoying 100% occupancy, some long-term tenants, always in demand, never empty, approaches constantly received, generating income of £1,700 per month/£20,400 per annum, the rents charged considered favourable with scope to increase.
Freehold £279,000 Ref: INV/DEV/E37362N
