Commercial units (potential combined rental income
Unit 54 boasts a generous double shop frontage, expansive interiors, a rear office/kitchenette, and a separate WC. This unit is currently available for rent at £150 per week.
Unit 54a, currently leased as a barbershop, is rented out for £100 per week. With a spacious shop, large glass frontage, and additional amenities including a kitchenette and WC, this property presents a lucrative investment opportunity.
Flats (combined rental income of £19,800pa)
54E, the largest among the three flats, is currently under an Assured Shorthold Tenancy agreement, generating a monthly rental income of £575. This well-appointed flat features a sizable living area with a modern kitchen, a separate double bedroom, and a WC/shower room, complete with the convenience of gas central heating.
54F offers a comfortable living space with a generously-sized living room leading to a well-appointed double bedroom. The kitchen, accessible through an archway from the living room, is equipped with fitted units and ample space for a breakfast table. A convenient shower room with a shower enclosure, WC, and hand basin completes this unit, which is currently leased on an Assured Shorthold Tenancy agreement, generating a rental income of £550 per month. Electric heating.
54B is a spacious ground floor studio apartment featuring a kitchen area with room for dining, as well as a separate living area with space for a double bed and living furniture. Electric heating.
Services, Tenure and Council Tax
Mains gas, electricity, water and drainage.
Freehold tenure.
54b, 54e, 54f council tax band A.
Sales enquiries
If you have any enquiries, please do not hesitate to contact the office on 01884 257997 or email us at sales@weldenedwards.co.uk.
Tiverton
Tiverton is a market town in Mid Devon with a wide range of amenities, with a range of shops, recreational and educational facilities, as well as superb travel links to Exeter and Taunton via the North Devon link road, the M5 accessible from here via junction 27.
Disclaimer
Whilst every attempt has been made to ensure our sales particulars are accurate and reliable, they are only a general guide to the property, and accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to clarify the position for you.
Property Ref: 18790835
Features
- Great investment opportunity
- Two commercial units
- Three spacious one bedroom flats
- Gas central heating, two flats with electric heating
- Town centre location
- Gross rental yield of 8.3%
- Flats have been subject to recent refurbishment
