The shop is currently let on a 12 year lease with no break clauses. The rent is for 2 years at £8,800 per annum and after that there is a four yearly rent review.

There are two flats above both let on assured short hold tenancies bringing in a rental income of approximately £7,500 PA.

POSSIBLE RENTAL INCOME POTENTIAL £16,000 PAX

IDEAL INVESTMENT OPPORTUNITY

BUSY LOCATION JUST OFF OF THE HIGH STREET

LOCATION
The property is situated within a corner location with return frontage within from the shop frontage with a busy thorough fare namely Mill Street. The two flats above are separately accessed and both let on 6 month assured short hold tenancies.

THE PROPERTY
The property is a Grade II listed property. The ground floor lock-up shop unit is currently let on a rising rent basis. The two first floor flats are let at a rental of approximately £7,500 PA for both.

THE PROPOSAL
Our clients are inviting offers for the freehold interest at a figure of £235,000.

DIRECTIONS TO FIND
From Bideford High Street turn immediately right after Barclays Bank into Mill Street continue pass the Heavitree Arms on your left hand side and the property will be seen a short distance along on the left hand side occupying a corner location.

THE ACCOMMODATION comprises:-
LOCK UP SHOP

RETAIL AREA with return shop frontage
20’8 x 27’2 deep (6.30m x 8.28m) (approximately 500 sq ft)

OFFICE/STORE
6’6 x 7’8 (1.98m x 2.34m) with door to:

REAR OFFICE
35’7 x 9’ max. (10.85m x 2.74m) max

Stairs leading to:

OFFICE/STAFF ROOM
18’3 x 8’7 (5.56m x 2.62m) Incorporating enclosed WC with wash hand basin and a Kitchen Area with single drainer stainless steel sink unit with hot water heater.

REAR OFFICE
17’8 x 10’4 (5.38m x 3.15m)

FIRST & SECOND FLOOR
There are two flats located over the first and second floor both let on assured short hold tenancies with a rental income of approximately £7,500 PA.

THE ACCOMMODATION comprises:-
side entrance door off of main Mill Street leading up to COMMUNAL STAIRWAY
leading in turn to doorway to

FLAT 1, FIRST FLOOR

HALLWAY with fitted carpet and storage cupboard

LOUNGE 15' x 13' (4.57m x 3.96m) fitted carpet, picture rail, fireplace, 2 x sash windows overlooking front elevation, electric heater.

KITCHEN 15'3 X 7'5 (4.65m x 2.26m) narrowing to 4'6 (1.37m) fitted with matching eye and base units, work surfaces, tiled splash backing, single drainer stainless steel sink unit, electric wall heater, window, vinyl flooring.

BATHROOM comprising panel bath, low level w.c, pedestal wash hand basin with tiled splash backing and mirror above, fitted carpet, window overlooking rear elevation.

BEDROOM ONE 9'9 x 8'5 (2.97m x 2.57m) with fitted carpet, wall mounted boiler, window overlooking rear elevation, wall mounted electric heater.

BEDROOM TWO 14'3 x 7'10 (4.34m x 2.39m) with fitted carpet, window, electric wall heater.

FLAT 2, SECOND FLOOR

ENTRANCE DOORWAY off of communal stairs leading into

ENTRANCE HALLWAY with fitted carpet.

LOUNGE 15'5 x 12'6 (4.70m x 3.81m) 2 x windows, fitted carpet, storage heater.

KITCHEN 12' x 6'3 (3.66m x 1.91m) with matching eye and base units, single drainer stainless steel sink unit with tiled splash backing, vinyl flooring.

BEDROOM ONE 14'4 x 11' (4.37m x 3.35m) with window overlooking rear, electric heater.

BEDROOM TWO 15'2 x 7'9 (4.63m x 2.36m) window overlooking front elevation, fitted
carpet.

BATHROOM comprising panel bath with tiled splash backing, wash hand basin with tiled splash backing, w.c, fitted carpet, obscure glazed window.

AGENT’S NOTE
The property has been fitted with a steel back door as well as emergency lighting and smoke detectors throughout with a galvanised security gates to steps at the rear.