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Town Centre Commercial Residential Investment For Sale

Barnstaple, Devon, UK
Asking Price:
£250,000
Turnover:
Not applicable
Net Profit:
Not applicable

The premises were formerly two lock up shops on the ground floor which in recent years have been interlinked to combine one large shop offering approximately 588 sq ft of retail space with two stock rooms behind and two separate cloakrooms.

The stockrooms comprise on the left hand side of 92 sq ft and on the right hand side of 165 sq ft.

The ground floor were formerly let to the RSPCA charity and are now vacant.

The premises could be let as one unit or could easily revert to two lock up units and the likely rent for each is £8,000 per annum per unit.

The upper floors are currently arranged as a three bedroom self-contained flat, presently let on short hold tenancy agreement at a rental of £615 per calendar month.

Therefore this investment which is a mixed residential and commercial investment has the potential to achieve a gross rental income of £23,380 per annum.

Property Information

Property:

Freehold

Living Accommodation:

With a very spacious 3 bedroom flat over first and second floor above which has a separate door entrance at ground floor level

Location:

In a busy town centre trading position, opposite the cinema and adjoining on one side a tattoo parlour and on the other side a hairdressers.

The premises are within only yards of the Barnstaple High Street and within level walking distance of the town centre amenities.

Barnstaple is North Devon’s regional centre having a population in the region of 35,000 inhabitants, which is boosted during the summer months with an influx of tourists.

Contact Webbers Commercial

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