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An ideal investment opportunity to purchase the freehold of a double front lock up retail premises and a first floor 1 bedroom flat close to the centre of Barnstaple. The current combined potential rental value is around £11,100 which gives a return of around 7.8%.
The small double fronted lockup retails premises has a rental valuation of £450pcm. It has a total square footage of 242 sq foot. consisting of a shop front, kitchen area and W.C.
The 1st floor flat has a current rental valuation of £475pcm. It comprises of communal entrance hall with stairs to first floor and useful store cupboard at the top.
The good size lounge/dining room has a feature fireplace and a window to the front elevation.
The kitchen has a range of wall and base units with work surfaces over. The kitchen also benefits from 4-ring electric hob and electric oven with extractor over and a sink drainer unit.
There is a good size double size bedroom which has a window to the side elevation. It also has some handy storage cupboards.
The shower room has a shower cubicle, wash hand basin, low level w.c and a opaque window to the rear elevation.
The property has mains electrics and water. The property is Council Tax Band A.
COVID-19 VIEWING PROCEDURES -
For the safety and well-being of the staff and customers of Collyers Properties and in keeping with the governments social distancing guidelines we have implemented a new system for viewing sales properties.
Initially you will be asked to view our virtual tour of the property (if applicable) as well as marketing material including photos, comprehensive write up, floor plan and room measurements.
If you are still interested in the property and are in a position to move forward, then Collyers would be delighted to arrange a viewing at the property.
When viewing the property, the agent will let you into the house and you will have the opportunity to look around. You will be asked to wear basic PPE during the viewing that can be provided by Collyers if you do not have your own***. We ask that you limit the surfaces you touch while viewing the property and keep to social distancing measures with the agent at all times.
Once you have finished the viewing, we would ask for you to take the PPE provided and dispose of it safely. Collyers will contact you shortly after your viewing for your feedback.
*** Please note any potential tenant who refuse to follow social distancing or wear either provided PPE or their own PPE will be refused a viewing.
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