4.8/5
Independent Service Rating based on 40 verified reviews.
British Property Awards 2017 Gold Winner estate Agent Barnstaple

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Their service, from beginning to end of the purchase, was excellent from being shown around the property, then chasing as required, through to a successful completion.
 Mrs Smith

Property

BICKINGTON

Guide £275,000

3 bedrooms | 3 bathrooms | 3 reception rooms
  • Investment Opportunity
  • Sought After Location
  • Three One Bedroom Flats (all tenanted)
  • Freehold
  • Genuine Reason for Sale
  • Business on Ground floor unaffected
This investment property is in the middle of Bickington Village. To the rear is a one bedroom flat and on the first floor are two further one bedroom apartments, all currently occupied. On the ground floor is a successful hairdressing business on a current lease, the buyer to benefit from the rental income. To the rear of the property is a good sized garden area mostly paved.

The property is fully let providing a current income of £17,160.00 with an increase to £17,700.00 imminently. There is potential to increase the rent further refurbishment. The landlord has continually maintained the property and is all up to date with fire regulations.

Location

Situated in Bickington, a convenient location with local shops, store, pub, restaurant and nearby villages including Fremington. Barnstaple is within short driving distance and easily accessible via a regular bus service giving access to the town which is the historic and regional centre of North Devon. Situated in the valley of the River Taw it is surrounded by beautiful countryside and some of the areas best beaches. As the commercial centre of the region, the town centre offers a variety of banking, schooling and recreational facilities including a theatre, cinema, leisure centre and restaurants. The vibrant town combines modern shopping amenities with a bustling market atmosphere. Popular sandy beaches of Woolacombe, Croyde and Instow are within easy reach and the A39 Atlantic Highway provides convenient access to the M5 motorway network and beyond. The working port and market town of Bideford lies approximately 10 miles away and the cathedral city of Exeter with its university, airport, inter-rail and motorway links are less than 50 miles away.

Ground Floor

Ground Floor Shop

35 Sqm - (375 SqFt)
Retail area, Kitchen and W.C

Gound Floor Flat

29 Sqm - (312 SqFt)
Bedroom, Lounge/Kitchen, Bathroom

First Floor

First Floor Flat

48 Sqm - (527 SqFt)
Kitchen, Lounge, Bedroom, Bathrrom

Second First Floor Flat

33 Sqm - (335 SqFt)
Lounge, Bedroom, Kitchen and Bathroom

Tenancies

Shop

Current tenant have been in occupation for several years. Current rent as of end of August 2017 - £450 per calendar month.

Ground Floor Flat - £360.00 PCM
First Floor Flat - £350.00 PCM
Second Floor Flat - £320.00 PCM

Total Rental - £17,760 per annum.

Our clients are seeking a guide price of £275000 for the benefit of the investment.

Viewings

We will need a few days notice for a viewing to be arranged with the tenants.