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Fore Street Northam, Bideford Offers in the Region Of £165,000

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First Floor 2 Bedroom Flat and Ground Floor Commercial Shop
Current Rental Income of £11,000 per annum
Return of Investment of 6.1%
Parking to the Rear

This is an opportunity to acquire a well-presented commercial property with a self-contained 2 Bedroom apartment above situated in the heart of this highly sought after village of Northam. As this property is mixed use investors won't be subject to the additional 3% stamp duty.

The property has a potential rental income of £11,000 per annum which represents a £6.1% return of investment. The commercial unit is vacant but could be let between £5K and 6K per annum.The first floor flat is on a standard AST at £6000 per annum.

The ground floor commercial premises briefly comprises of the main shop front with large display window, a second office of storage are, a back office or storage area and a W.C. The unit also benefits from a door to the side of the property.

The flat is accessed through a private entrance to the rear of the building. There is an entrance area and stairs to the flat on the first floor. The flats has 2 good size double bedrooms, a kitchen, lounge and a family bathroom.

The property also benefits from a covered car parking space.

COMMERCIAL UNIT (GROUND FLOOR)

Main Shop / Office Area

20' 6'' x 15' 0'' (6.24m x 4.57m)

Large shop window looking onto Fore Street. Part glazed entrance door off. Feature cast iron fireplace with tiled surround and timber mantle, cornice ceiling, down lighting.

Middle Office / Store

15' 0'' x 9' 0'' (4.57m x 2.74m)

Cornice ceiling. UPVc double glazed window to side elevation

Rear Lobby

UPVC double glazed door providing useful side access.

Back Office / Rear Store

13' 6'' x 10' 6'' (4.11m x 3.20m)

UPVC window to side elevation

Cloakroom

WC and wash hand basin.

FIRST FLOOR FLAT

Having its own independent access to the rear of the property. With Entrance Lobby and Entrance Hallway. Staircase rising to First Floor.

Bedroom 1

15' 0'' x 13' 0'' (4.57m x 3.96m)

Double glazed window. Louvre fronted storage cupboards.

En-suite Cloakroom

Plumbing but no sink or W.C. Currently being used as storage.

Kitchen

15' 0'' x 10' 0'' (4.57m x 3.05m)

Equipped with a range of fitted units comprising 1½ bowl sink unit, formica worktop surfaces with storage cupboards and drawers below, glass fronted display cabinets over, Larder cupboard, gas cooker point.

Lounge

20' 0'' x 11' 10'' (6.09m x 3.60m)

Window to front elevation.

Bedroom 2

12' 0'' x 11' 6'' (3.65m x 3.50m)

Double glazed window looking onto Fore Street.

Bathroom

A spacious room with 3-piece coloured suite comprising enamel panel bath with shower over, pedestal wash hand basin and low level WC. Extensive wall tiling, access to loft space.

Outside

To the rear of the property is useful hard standing with Car Port over providing off-road parking.

Measurements

All measurements are approximate. While we endeavour to make our particulars accurate and reliable, if there is any point which is of particular importance please contact us and we will be pleased to provide

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Consumer Protection from Unfair Trading Regulations 2008

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are not included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.