3 bedroom property for sale

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3 bedroom property for sale

New Street, Honiton
£425,000

Our Summary

  • INVESTMENT OPPORTUNITYRETAIL UNITS WITH FIRST AND SECOND FLOOR STORAGE PLUS SELF CONTAINED FLAT

Description

This investment opportunity comprises two interconnected retail units with first and second floor storage and a self-contained flat above. The shops are located in the heart of Honiton, a busy market town with a population of around 12,000, and are well-presented with modern shop fronts and suspended ceilings. The retail units have a combined total of approximately 1,266 square feet and are currently let to Clarks Shoes for a period of four years at a rental of £22,000 per annum. The first floor flat is let on a periodic tenancy at a rent of £700 per month, bringing the total annual rent to £30,400. The property has an EPC rating of C for the shop and D for the flat, and is not registered for VAT. Viewings are strictly by appointment with the agents.
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