South Street, South Molton, EX36 4AG
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
3
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Tenanted investment opportunity
- Mixed use commercial and residential property
- Prominent South Street location
- Three bedroom flat
- Fantastic net return
- Convenient access to local amenities
- Excellent transport links
- Established market town of South Molton
Description
The residential accommodation comprises three bedrooms, a bathroom and a reception room. Combined with the commercial premises, the property offers two separate rental streams under one freehold title.
Ideal for experienced landlords and investors alike, this ready-made investment offers an established income stream with potential for future rental growth and enhanced returns, subject to existing tenancy arrangements and necessary consents.
South Molton is a historic market town in North Devon, renowned for its independent shops, local businesses and traditional charm. Situated on South Street, the property benefits from a convenient location close to town centre amenities, cafés, shops and local services.
South Molton is an established commercial and residential hub serving the wider North Devon area. Its strong local business community, traditional retail offering and continued focus on supporting local commerce contribute to its appeal. The wider region also attracts residents, businesses and visitors, providing an established market for both residential and commercial property. This makes South Molton an appealing location for investors seeking long-term opportunities in North Devon.
A fantastic opportunity to secure a tenanted mixed-use freehold investment, offering immediate income, dual rental streams and the potential to strengthen your property portfolio.
Please note that letting and management charges may apply.
Financial Breakdown
Gross Rent: £17,100.00
Net income: £16,600.00
Gross yield: 7.13%
Net yield: 6.92%
Please contact agent for full financial breakdown.
IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
yieldit ref: YL-08701
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- 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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Visit our security centre to find out moreDisclaimer - Property reference YL-08701. 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 yieldit, Manchester. 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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