3 bedroom terraced house for sale

Kingsbridge, Devon

Sold STC £299,950

Property Description

Key features

  • Excellent investment opportunity
  • Prominent position on Fore Street
  • Spacious maisonette above
  • 3 Bedrooms
  • High pedestrian footfall

Full description

Tenure: Freehold

DESCRIPTION An excellent investment opportunity. A large retail shop together with a spacious maisonette over located in a highly visible retail trading area of the town with a high pedestrian footfall. The property is mid-terrace with dressed stone facade under a slated roof.

The ground floor, currently A1 permitted use is currently let under lease to Axminster Oak at a rent of £14,500 per annum. The Maisonette that occupies the first and second floors is normally let on an assured shorthold tenancy that is likely to produce around £8,000 per annum in rent. Overall the anticipated income is likely to be in the region of £22,500 per annum. 

THE GROUND FLOOR RETAIL SHOP COMPRISES A double fronted entrance. Overall it is 8.83m wide max x 8.10m depth max including the

Vestibule, the area is approximately 71.62m² (770SQFT), extensive shelving, laminated floor covering and spotlights. 

INNER STOCK ROOM/KITCHEN Stainless steel sink and electric water heater. 

SEPARATE WC With basin (In courtyard to rear).  

THE MAISONETTE Is situated directly above the shop and approached via a self-contained doorway access next to the shop which leads into a Courtyard Area, ground floor access to a: 

HALL  

UTILITY ROOM With stainless steel sink.
Staircase to the: 

FIRST FLOOR  

KITCHEN With a 1 ½ bowl resin sink, base cupboards, drawers, laminated worktops, electric four plate hob and electric oven under. 

DINING ROOM With a Victorian Fireplace and oil fired radiator. 

LANDING  

LOUNGE Overlooking Fore Street with a marble fireplace, bay window, oil filled radiator and wall lights. 

BEDROOM 1 With built in cupboards, Victorian fireplace, window seat overlooking Fore Street. Oil filled radiator. Door to: 

DRESSING ROOM/STUDY  

BATHROOM With bath and electric shower over. Pedestal basin and WC. Electric downflow heater. 

SECOND FLOOR  

BEDROOM 2 With skylight window, eaved ceilings, undereaves walk In Attic Store, recessed lighting. 

BEDROOM 3 With a dormer window, undereaves storage cupboards and recessed lighting. 

OUTSIDE Right of way over a courtyard to access the flat. 

SEPARATE WC (As used by the shop) 

OUTGOINGS Uniform Business Rates, based on a rateable value of £16,500, the rates payable are likely to

be in the region of £7,950 per annum. Although some transitional relief may be available. 

POSTCODE TQ7 1NY 

COUNCIL TAX  

BAND A (for the flat only) 

VAT All figures quoted are exclusive of VAT which may be charged. 

TENURE The premises are being offered as a freehold sale however the tenancy of the shop is contracted out of the Landlord and Tenancy Act security of tenure provisions. 

SERVICES We understand that there is main electricity, water and drainage connected to the

property and that gas is available. 


More information from this agent

Listing History

Added on Rightmove:
30 October 2015

Nearest station

  • Ivybridge (9.4 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Luscombe Maye, Kingsbridge - Sales

62 Fore Street, Kingsbridge, TQ7 1PP

01548 466008 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Luscombe Maye, Kingsbridge - Sales

62 Fore Street, Kingsbridge, TQ7 1PP

01548 466008 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Ivybridge (9.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Luscombe Maye, Kingsbridge - Sales

62 Fore Street, Kingsbridge, TQ7 1PP

01548 466008 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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