High Yielding Investment Property in Tiverton

Tiverton, Devon

£390,000Freehold
60 Bampton StreetTivertonDevonEX16 6AHView Map

A high yielding property investment for sale situated in the very heart of Tiverton, Devon. Comprising of seven units of which three are retail units, three residential flats and one office which is used by the owner. All the retail units qualify for 100% business rates relief. The total gross income for the six units is approx. £30,200 and the owner-occupied office would add to this already impressive income. The whole property is fully occupied, presented in an overall good condition and offers parking too. Early viewings are highly recommended.

LOCATION

The investment for sale occupies a highly visible location at the top end of Bampton Street, Tiverton. With a large car park nearby, easy access to all main arterial road links (M5), mainline Paddington railway station and with convenient free one hour parking immediately opposite. Bampton street is a thriving part of Tiverton shopping area, with an array of smaller independent traders. The town is equal distance (22 min) between Taunton and the cathedral city of Exeter which also benefits from an International airport.

ACCOMMODATION

Retail Unit Hairdresser

Retail Unit Printer / Uniform Outfitters

Retail Unit Beauty Therapy

Residential Unit Two Bedroom Flat

Residential Unit Two Bedroom Flat

Residential Unit Two Bedroom Flat

Office Unit Owner Occupied

INCOME

Currently the income from six of the units is approx. £30,200 but two of the units are with concessionary low rents. With the renting of the office too, we the agents firmly belief a more realistic income of just over £35,000 should be achieved. All the tenants are up to date with rental income and all are either on AST or commercial lease agreements. Actual trading accounts will be made available following successful formal viewing.

SERVICES

Main’s gas, electricity water, broadband and drainage are all connected. No testing of these services has been undertaken by the agents, Ware Commercial.

LEGAL FEES

Each party to be responsible for their own legal fees.

BUSINESS RATES

Please make enquiries on the local valuation website (VOA) at www.voa.gov.uk (currently the business owners are fully exempt from business rates because of small business rates relief)

TENURE

Freehold

VIEWINGS

All viewings and enquiries are to be made through the agents Ware Commercial.

TEL. 01803 328880 Email. [email protected] www.warecommercial.com

Misrepresentation Act

Misrepresentation Act 1967. The Particulars are not considered a formal offer, they are for information only and give a general idea of the property. They are not to be taken as forming any part of a resulting contract nor be relied upon as statements or representations of fact. Whilst every care is taken in their preparation, no liability can be accepted for their accuracy. Intending purchasers must satisfy themselves by personal inspection or otherwise as to the correctness of these particulars.