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Torrington, Devon

PROPERTY TYPE

Terraced

BEDROOMS

3

BATHROOMS

1

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Semi commercial investment
  • Shop front with 410 square foot trading area and two separate store rooms
  • Three bedroom duplex apartment above approaching 1000 square feet
  • Long standing reliable tenants
  • 6% return on your investment
  • Freehold investment - Business unaffected

Description

A fantastic investment opportunity in the heart of the town for this semi commercial period property. The building consists of a shop front and store room with kitchen and toilet totalling 617 square feet with a trading space of 410 square feet. Above this is a large three bedroom duplex maisonette approaching 1000 square feet. Both the flat and the shop have enjoyed long standing and reliable tenants that are happy to remain adding a real bonus to any future investing landlord. Currently the income from both units give you a return of 6% on your investment, better than the high street banks and building societies currently have on offer.

Great Torrington is a lovely little market town steeped in history dating back to the English civil war and still retains a real sense of tradition and community spirit. Conveniently located right in the heart of the town nestled amongst a lovely mix of shops, eateries and homes, this is a true opportunity. A short walk around the corner is the Plough Arts Centre and theatre as well the panier market that is still going strong.

Torrington is surrounded by Torrington Commons, 365 acres of countryside allowing for miles of scenic walks with access to the locally renowned Tarka trail, a footpath / cycle way mainly built on the bed of a disused railway where the gradients are gentle. It winds its way following the course of the river Torridge as far North as Ilfracombe or going inland South towards Meeth.

There is plenty of parking in town for visitors and residents alike with the use of two large public pay and display car parks a short walk away. For those that live and work in the town an annual permit can be purchased from as little as £1 a day giving you the use of all the Torridge district council run car parks in the area with the exception of Westward Ho!



Directions
From our office by foot, turn right out of the door and follow round to the right passing Nationwide and Sandfords bakery. The property will be found further down on the right hand side.

Brochures

Particulars
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: TBC
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Torrington, Devon

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About Bond Oxborough Phillips, Torrington

2 Well Street, Torrington, EX38 8EP
Industry affiliations:
About Bond Oxborough Phillips

  • Our business has always been, and always will be, about people. We believe that people like talking to people who understand their needs, people they can meet face to face when they want. For us, this level of personal service is key to any move.

    Understanding our customers personal needs and requirements can only be maximised when you have close personal contact with the customer. We have built our business on people and will continue to build it that way for the future.

Your mortgage

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Years
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Monthly repayments
£887
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Disclaimer - Property reference TOS190043. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bond Oxborough Phillips, Torrington. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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