Tiverton, Devon

Asking Price £350,000
5 Beds
2 Bathrooms
  • Freehold
  • Excellent yield
  • Long term, reliable tenants
  • Central location
  • 2 retail units
  • Large maisonette
  • Current annual income £22,340

Full Property Details

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A fantastic investment opportunity - A large, mixed residential and commercial let, providing a strong yield, in the centre of Tiverton.

Situated in a busy trading area within the centre of Tiverton, this is a fantastic opportunity to purchase a secure investment proposition.

The ground floor offers two commercial lets, between them generating an annual income of £14,000: and a large maisonette currently generating £8,340 - a total of £22,340 p.a.

The tenants of both the shop units and the maisonette above have declared their intent to remain. All tenants have been trading / occupying the property for several years and the current level of rent offers a gross yield in excess of 6%.

Both businesses have been successfully trading for some time, are well known in the area and have a strong following. Each shop unit has access to additional storage in the cellar.

The maisonette is sizeable and arranged over three floors. It has its own private entrance between the two shop units. The accommodation is versatile, currently arranged as four bedrooms. Two attic rooms provide excellent storage and subject to planning, there is further potential. The maisonette is served by a gas combination boiler which is housed in the dressing room to the main bedroom. The property is Grade II listed and retains the rather attractive sash windows.

This is a secure investment that is worthy of serious consideration.

Local Authority:
Mid Devon District Council - 01884 255255

Services: Main's electricity, gas, water and drainage

From our office on foot, turn left and walk along Fore Street. Turn left into Bampton Street and number 24 will be seen on the left, about halfway up, just before the vehicular exit from the market car park.

Property Location Map

Floor Plan

Property Floor Plan

EPC

EPC