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2 bedroom flat for sale
78 Fore Street, Kingsbridge
£160,000
78 Fore Street, Kingsbridge
£160,000
Our Summary
- The property is accessed from the alley and the entrance door enters to the ground floor hallway with access to one room which has potential to be a bedroom or office (all subject to planning) and a further access to a potential shower room
- Stairs lead to first floor with further potential bedroom (subject to planning), WC and open plan living space with beautiful bay window
- Planning was previously approved for a 2 bedroom flat but that planning would need to reinstated
- The accommodation requires refurbishment to be completed subject to planning permission and building regulations
- Once completed this accommodation could offer a rental potential
Description
This property is a unique opportunity to purchase a small commercial unit on Fore Street in Kingsbridge, with partly renovated accommodation above. The first floor features a partially converted flat with potential for two bedrooms, a shower room, and an open-plan living space with a bay window. The kitchen is fully fitted and new, but the property requires further renovation to complete the conversion. The ground floor commercial space has a large display window and benefits from a small kitchenette and WC, and has previously achieved £7,000 per annum in rent. The property also comes with a private parking space and has a rateable value of £5,900, with no business rates to pay due to business rates relief. The freehold property has a 3/4 liability for the main structure and 1/4 liability for the roof, and is advised to be freehold with the second floor owned on a leasehold basis.