Commercial Property for sale

Mixed Residential and Commercial Property Bridgeland Street, Bideford

£260,000

Property Description

Key features

  • Total Rental Income £14'400 per annum
  • Return on Investment of 5.2% per year
  • Situated in a busy location in the centre of Bideford
  • Single Tenant with Full Repair lease on whole building

Full description

Commercial Freehold Investment with an income of £14400 per annum - 5.2% Return on Investment per year.

LOCATION
Bideford is the administrative centre of the Torridge area and has a static population in the order of 13,000. Barnstaple, the sub-regional centre of North Devon, lies approximately 9 miles to the east, with access along the North Devon Link Road to the M5 at Tiverton. Barnstaple has a static population in the order of 25,000 with a shopping catchment population of 141,000.

THE SITUATION
The premises are situated within Bridgeland Street which is considered to be a preferred location for professional office occupiers as well as retailers. Bridgeland Street adjoins the main pedestrian thoroughfare known as Mill Street as well as The Quay.

THE PROPERTY AND CONSTRUCTION 
The main building, which fronts Bridgeland Street, is of 4 storey construction under a pitched slate roof, with a single fronted shop unit at ground floor level and separate entrance to the living area above. The first, second floors and third floors are used as a three bedroom living accommodation. To the rear of the property is a courtyard, outside W.C and storage sheds which are accessed from the rear of the ground floor shop unit. 

THE PROPOSAL 
Our clients are inviting offers for the Freehold interest with the property being sold with the benefit of the existing lease. The Prince of India currently rent the whole property for £14'400 per annum on a full repair lease.


Entrance Hall 
Provides access to retail unit or accommodation above

Seating Area 
22' 4'' x 13' 9'' (6.803m x 4.179m)
Carpeted with electric heater

Customer W.C 
6' 2'' x 4' 11'' (1.88m x 1.49m)
W.C, hand basin and vinyl flooring

Ground Floor Kitchen 
12' 11'' x 17' 5'' (3.93m x 5.30m)
Tiled floor with stairs to the storage Room on the first floor. Access to courtyard.

Courtyard and Outside W.C 
Concrete Courtyard with a storage area and W.C. Metal steps leading to a outside patio area

Store Room 
6' 11'' x 8' 2'' (2.12m x 2.48m)
Carpet and various shelf units

1st Floor Landing 
Carpeted. Provides access to Lounge and Kitchen Area and 2nd Floor

Kitchen and Lounge Area 
25' 3'' x 13' 5'' (7.69m x 4.10m)
Kitchen area consists of; vinyl flooring a selection and floor and wall mounted cupboards. Built in hob, oven and extractor and a stainless steel sink and drainer. Window to rear elevation The Lounge area consists of carpeted floor, radiators and a bay window to front elevation

Bathroom 
6' 11'' x 4' 6'' (2.11m x 1.37m)
3 piece bathroom set and varnished floorboards

2nd Floor Hallway 
Carpeted. Gas boiler in airing cupboard. Provides access to Master Bedroom and 2nd Bedroom. Stairs to Bedroom 3

Bedroom 2 
12' 4'' x 8' 6'' (3.76m x 2.59m)
Carpetted with radiator and window to rear elevation

Master Bedroom 
13' 0'' x 12' 10'' (3.96m x 3.92m)
Carpeted with radiator and window to front elevation.

Bedroom 3 
14' 5'' x 15' 6'' (4.40m x 4.72m)
Part Carpet and Floor board. Window to side elevation

More information from this agent

Nearest station

  • Barnstaple (7.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Collyers, Barnstaple

43 Bear Street, Barnstaple, EX32 7DB

03339 873593 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:

Collyers, Barnstaple

43 Bear Street, Barnstaple, EX32 7DB

03339 873593 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

  • Barnstaple (7.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Collyers, Barnstaple

43 Bear Street, Barnstaple, EX32 7DB

03339 873593 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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