- 1 Bedroom First Floor Flat
- Being Sold with No Onward Chain
- Ideal Investment Purchase
- 6.9% RTI
- Potential Rental Income of £475pcm
- Situated in Town Centre
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.