Asking price

£400,000

Litchdon Street, Barnstaple, Devon, EX32

Retail for sale

Retail, Shop

Key Features

  • Mixed residential/commercial investment
  • 2 Apartments plus mews cottage
  • 2 Shops plus store which faces the main street
  • Rear courtyard and paved garden
  • Income potential circa £40,000 p/a
  • In one of Barnstaple oldest streets
  • Grade II Listed Property
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Tony Foster

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Property Description

LOCATION
Within a short walk of the town square by the Museum and close to all High Street shops and Rock Park, this property is ideally placed for access to all amenities. Litchdon Street is a historic street which has old alms houses, many character buildings and this property is directly opposite the rear of the Imperial Hotel.

THE PROPERTY
Two Grade II Listed commercial mid-terraced premises arranged as two shops, a central store room and two residential letting units behind and over the main shops. There is a central communal yard and to the rear is a small end terraced cottage.

At the time of our inspection on the 2nd of April 2024 only one residential unit and one shop was let but the potential rental income is as follows:

8 Litchdon Street - £560 pcm (commercial, currently vacant)
9 Litchdon Street - £850 pcm (residential, currently vacant)
9a Litchdon Street - £875 pcm (residential, currently vacant)
10 Litchdon Street - £210 pcm (commercial, tenanted)
10a Litchdon Street – 800 pcm (residential, tenanted)
Store Room - £100 pcm (commercial, used by the owners)

Potential annual gross income of £40,740 when fully let.

The owners of the property are actively looking to have the whole property occupied.

Key Information

Tenure:

Freehold

Council Tax:

A

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