Bideford, Devon

This is an exciting opportunity to acquire a lucrative House of Multiple Occupation (HMO) property, currently generating an impressive annual gross rent of £39,120. Skilfully converted from the former Moreton Park Stores, this thriving investment is ideally situated near Bideford Town Centre along the desirable Moreton Park Road.

The property has undergone substantial renovation, particularly on the ground floor, transforming what was originally retail space into contemporary accommodation comprising 3 spacious Bedrooms, a generously sized Kitchen / Living Room, a modern Shower Room and an additional Cloakroom. The ground floor exudes a fresh, contemporary feel and further benefits from a convenient Store Room.

On the first floor, there are 3 further Bedrooms complemented by another spacious Kitchen / Living Room and a Bathroom. Although the first floor accommodation does not have the same contemporary finish as the ground floor, it remains comfortably liveable and functional, following a thoughtful reconfiguration to maximise bedroom space.

Adding further value and versatility to this property are 2 Garages included in the sale - one situated immediately behind the building and another within a nearby block. With garages in high demand in this locality, there is significant potential to boost rental income by leasing these separately or selling them individually.

This attractive investment opportunity is offered with the convenience of the existing tenants remaining in situ, ensuring immediate rental income upon completion.

Bideford is a peaceful olde worlde market town on the River Torridge. The main district is on the west bank and its narrow streets filled with white painted houses sprawl from the working quay, up the slopes to the outer suburbs. A former historic port town, Bideford is a great place to explore, whether it’s a trip to the shops or a restaurant outing there's something for everyone. The Pannier Market is a brilliant example of the town’s originality, with its terrace of artists’ workshops and independent shops. The town also champions sports at a grassroots level with both the local rugby and football teams having healthy followings. There are no end of ways to join in the community spirit of this wonderful white town on the hill.

All the amenities you'll ever need are to be found within easy reach of Bideford. To the north are the coastal towns of Westward Ho!, Appledore and Northam, all of which will figure in your day-to-day routines if you enjoy the sea or the outdoor life. Northam boasts a brilliant indoor swimming pool and gym.

Bideford is within short driving distance of the Atlantic Highway (A39) which is the main feeder route across the region leading to Cornwall in the south-west and to the M5 in the east. A regular bus service provides access to North Devon’s ‘capital’, Barnstaple. Bus users can also reach Westward Ho!, Braunton, Appledore, Croyde and Ilfracombe.

Directions
From Bideford Quay proceed up the main High Street turning left at the very top and take the first right hand turning onto Abbotsham Road. Travel through the traffic lights and past Bideford College on your left hand side. Take the next left hand turning onto Moreton Park Road. Pass the right hand turning for Laurel Avenue and follow the road as it bears right. Number 83 & 83A Moreton Park Road will be situated on your left hand side.