Gold Street, Tiverton, Devon, EX16 3 bed property for sale

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Gold Street, Tiverton, Devon, EX16 3 bed property for sale

Gold Street, Tiverton, Devon, EX16
£295,000

Our Summary

  • This would make a great tea garden or similar (subject to planning)
  • The property offers a potential rental income of approx

Description

This freehold property in Tiverton's town center offers a unique opportunity to own a shop and maisonette. The shop unit, located on the ground floor, is approximately 100 square meters and features a kitchenette, storage in the basement, and a large frontage with ample advertising display space. The basement also has two store rooms and a kitchen area. The shop has been completely renovated and offers a potential rental income of £12,500. The maisonette, located above the shop, is spacious with four bedrooms over three floors, a roof terrace, and a large bathroom. The property also has a surprisingly large garden, which wraps around the back of the neighboring property, perfect for a tea garden or similar (subject to planning). The maisonette has a current rental income of £995 per month or £11,940 per year, offering a potential total rental income of approximately £24,000 per year, with a yield of almost 8.2%.
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