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Mixed Residential/commercial Grade Ii Listed Investment For Sale

Barnstaple, Devon, UK
Asking Price:
£400,000
Turnover:
Not applicable
Net Profit:
Not applicable

Within a short walk of the town square by the Museum and close to all High Street shops and Rock Park, this property is ideally placed for access to all amenities. Litchdon Street is a historic street which has old alms houses and many character buildings and this property is directly opposite the rear of the Imperial Hotel.

THE PROPERTY
Two Grade II-listed commercial mid-terraced premises arranged as two shops, a central store room and two residential letting units behind and over the main shops. There is a central communal yard and to the rear is a small, terraced cottage.

At the time of our inspection on April 2, 2024, only one residential unit and one shop were let but the potential rental income is as follows:

8 Litchdon Street, £560 pcm (commercial, currently vacant)
9 Litchdon Street, £850 pcm (residential, currently vacant)
9a Litchdon Street, £875 pcm (residential, currently vacant)
10 Litchdon Street, £210 pcm (commercial, tenanted)
10a Litchdon Street, 800 pcm (residential, tenanted)
Store Room: £100 pcm (commercial, used by the owners)

Potential annual gross income of £40,740 when fully let.

The owners of the property are actively looking to have the whole property occupied.

Property Information

Property:

Freehold

Energy Performance Rating:
E