Business for Sale in BARNSTAPLE, DEVON - INVESTMENT PROPERTY OPPORTUNITY - Freehold: £335,000

Key Information

Ref
INV33442N
Type
Commercial Property: Investment Properties
Location
England: Devon
Tenure
Freehold
Status
Sold
Annual Sales
£24,600 Ex Vat
Accomodation
5 Bedrooms
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INVESTMENT PROPERTY OPPORTUNITY, substantial NORTH DEVON village, close BARNSTAPLE, close to coast. Substantial property occupying deceptively large plot, within popular residential area, comprises convenience store in excess of 2,000 square feet, hairdressing salon and 5 bedroom flat, the latter could easily be split to create 2 flats, enclosed rear garden, forecourt/parking/land to front. Convenience Store let on 25 year Lease, produces rental income £10,200 per annum (Rateable Value £15,750), New Lease to be signed on Hair Salon, produces rental income £5,400 per annum, Flat let on Assured Shorthold Tenancy Agreement, produces rental income £9,000 per annum. Current total rental income £24,600 per annum, opportunities for future increase, possible long term development potential subject to obtaining necessary permissions. Freehold £335,000 Ref: INV33442N

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