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Land Commercial
Cross Street, Barnstaple EX31
£400,000
Cross Street, Barnstaple EX31
£400,000
Our Summary
- An excellent short-term commercial investment with long-term development potential
- Plans have been drawn up for its development to provide 4 townhouses and 4 Flats subject to planning but this will require some flood alleviation works to be resolved downstream before these can be realised but these are in hand
- Plans have been drawn up for its development/redevelopment to provide 4 Townhouses and 4 Flats together with garaging and off road parking, subject to planning but this will require some flood alleviation works to be resolved downstream before these can be realised but these are in hand
Description
A substantial former quayside warehouse of approximately 4800 square feet, located in a short walk from a major town center with parking for 8-10 cars. The property is currently let as commercial premises with a separate 3-bedroom flat, generating a good return on investment. Plans have been drawn up to redevelop the property into 4 townhouses and 4 flats, subject to planning, but will require flood alleviation works to be completed downstream. The property offers excellent short-term commercial investment potential with long-term development potential.