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7 bedroom commercial property for sale

Market Place, Bideford


Property Description

Full description

PROPERTY INVESTOR or DEVELOPER? A substantial detached grade II listed building with planning consent for development to create a residential/commercial mix comprising 2 retail units and 7 residential flats situated in a prominent position in the center of the busy port town of Bideford. The property offers significant scope for investment income or re-sale once completed and early enquiries are advised. Plans available on request.

Property ref: 121_2098_3997286

Bideford is the administrative centre of the Torridge area with Barnstaple, the regional centre of North Devon, approximately 9 miles to the east, with access along the North Devon Link Road to the M5 at Tiverton. Bideford is recognised as being a busy tourist centre and the home of Torridge district council. Nearby coastal villages popular with tourists and locals alike include Westward Ho!, Northam, Appledore and Instow and offer a wealth of leisure activities and facilities.

The property is located opposite the busy historic Pannier Market on Market Street just off the High Street in Bideford. An area of considerable improvement and development over recent years there are many retail, commercial and residential units in the vicinity creating a vibrant mix.

The Property 
A grade II listed three storey detached building with cellars below under a pitched slate roof with rendered elevations. A character property retaining many original features and architectural details the property currently has open plan ground floor retail units with accomodation split over the remaining floors above.

Currently all mains services and gas fired central heating are connected to the ground floor shops and gas central heating is supplied to part of the accomodation area above unit one. There is currently a 2 bedroom maisonette with separate entrance which has night storage heating.

There was planning consent granted in 2010 for the creation of 4 flats and a 2 bedroom maisonette. There is currently listing building consent to form 7 flats and 2 seperate retail units with independent entrances, full cellars and frontage.

The Opportunity 
The property is being sold as a development opportunity with significant investment income to be had when completed with 7 residential letting units and 2 retail letting units currently proposed. There is also the possibility of re-sale of the completed development in the future, again with substantial potential.

Agents Notes 
Proposed and current plans available on request. Viewings by arrangement with the selling agent only. Call Match Property Estate Agents on 01271 410108.

VAT Payable, if applicable, at the prevailing rate.


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