- Investment Opportunity
- Sought After Location
- Three One Bedroom Flats (all tenanted)
- Income £17,760.00
- Genuine Reason for Sale
- Business on Ground floor unaffected
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.
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 Shop
35 Sqm - (375 SqFt)
Retail area, Kitchen and W.C
Gound Floor Flat
29 Sqm - (312 SqFt)
Bedroom, Lounge/Kitchen, Bathroom
First Floor Flat
48 Sqm - (527 SqFt)
Kitchen, Lounge, Bedroom, Bathrrom
Second First Floor Flat
33 Sqm - (335 SqFt)
Lounge, Bedroom, Kitchen and Bathroom
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 £300,000 for the benefit of the investment.
We will need a few days notice for a viewing to be arranged with the tenants.