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Bear Street, Barnstaple £280,000

Updated
  • Bear Street
  • Bear Street
  • Bear Street
  • Bear Street
  • Bear Street
  • Bear Street
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    Bear Street
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    Bear Street
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    Bear Street
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    Bear Street
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    Bear Street
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    Bear Street
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    Bear Street

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  • Investment Property (Mixed Use)
  • Being Sold with No Onward Chain
  • Ideal Investment Purchase
  • 6.5% RTI
  • Rental Income of £18,300 per annum
  • Situated in Town Centre

An ideal investment opportunity to purchase the freehold of a lock-up retail premises, a first floor 1 bedroom flat and one-bedroom cottage with a garden area, close to the centre of Barnstaple. The property genrates an income of £17,700 per annum with an expected ROI of 6.3%

Shop
The small double-fronted lockup retail premises is vacant with a proposed rental of £450pcm (£4800 per annum). It has a total square footage of 242 sq foot, consisting of a shop front, kitchen area and W.C. It is currently being operated as a beauty parlour.

First Floor Flat
The 1st floor flat is currently occupied at a rental value of £550pcm.
It comprises of communal entrance hall with stairs to the first floor and a 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 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 an opaque window to the rear elevation.

The property has mains electricity and water.

The property is Council Tax Band A.

Lounge/Diner (5.13 x 4.42 (5.14 x 4.43) (16'9" x 14'6" (16'10" x)

Kitchen (3.30 x 1.83 (10'9" x 6'0"))

Bedroom (4.32 x 2.97 (14'2" x 9'8"))

Shower Room (2.39 x 1.12 (2.38 x 1.13) (7'10" x 3'8" (7'9" x 3')

The Cottage
The property is accessed through Bear Street. A short corridor leads you into the Cottage’s garden area that with some work could be a turned into a delightful, private and peaceful outside space.
The Cottage has all quirks you'd expect from a property such as this but it also benefits from more modern features like a modern kitchen area and UPVC double glazing. The open-plan living area has 2 windows and a part glazed door which lets in plenty of light and there is enough room for lounge furnishing and a small dining table. The bathroom has a standard-size bath with an electric shower fitted above, W.C, and a pedestal hand washbasin. A good size double bedroom is situated on the first floor.

The property is currently let and achieving £550pcm (£6600 per annum)

Lounge / Kitchen / Diner (6.96 x 2.90 (22'10" x 9'6"))

Bathroom (2.90 x 1.47 (9'6" x 4'9"))

Bedroom (3.11 x 3.45 (10'2" x 11'3"))


Request A Viewing

EPC

No EPC available

Floorplans (Click to Enlarge)

Bear Street
Barnstaple, Devon EX32 7BU
County: Devon
Sale Type: For Sale
Ref #: 31142807
Last Updated: Friday, 20 May 2022 09:33