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
£330,000

Our Summary

  • This is currently allocated to the maisonette but for future commercial tenancies could be allocated to the shop which would widen the scope of commercial use – a café or similar perhaps (subject to planning)
  • GREAT INVESTMENT OPPORTUNITY
  • Great investment opportunity

Description

This freehold property in Tiverton's primary trading area offers a rare commercial investment opportunity with a shop and maisonette returning an annual income of £29,940. The shop, with a kitchenette and storage in the basement, is let on a 5-year lease from 2025, generating £18,000 per annum. The maisonette, arranged over three floors, includes a roof terrace and private access from the street, and is currently rented for £11,940 per annum. The property benefits from a gross yield of 9% and is being sold in excellent condition, having been renovated in 2014. The shop has a large frontage, perfect for advertising, and a useful basement space, while the maisonette has a large bathroom and three double bedrooms. The property offers a unique opportunity for investors to generate a high income and is located in a prime trading area with plenty of foot and vehicular traffic.