Fore Street, Totnes, Devon Freehold : £725,000

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Full Details

LOCATION
A rare opportunity to acquire a substantial mixed commercial and residential investment property in this sought after historic town in an excellent location.

DESCRIPTION
The residential accommodation has recently been the subject of considerable updating and modernisation to ensure compliance with current safety/fire regulations.

ACCOMMODATION
The accommodation briefly comprises:

Ground floor retail shop unit 63.58m² (684 sq ft) approx.
(taken from Business Rating list)

Side self-contained entrance to residential Ground floor rear apartment - a large studio unit nearing completion First Floor
Landing with communal walk-in cupboard containing washing machine and tumble dryer.

Apartments 2, 3, 1, 4 - all bedsits (not inspected) each containing bed sitting room with kitchenette, bathroom/wc.
Apartment 5 - 1 bedroom, lounge kitchen, bathroom.

Second Floor
Apartment 6 - 2 bedrooms, lounge, kitchen, bathroom.

SERVICES
We have not carried out any tests on the services and are therefore unable to comment on their condition or adequacy.

TERMS
Tenancy Schedule
Ground floor Shop
Lease details awaited currently holding over £17,600 pa

Estimated rental on completion:
Apartment 1 Bedsit £525pcm or £6,300pa
Apartment 2 Bedsit £400pcm or £4,800pa
Apartment 3 Bedsit £400pcm or £4,800pa
Apartment 4 Bedsit £400pcm or £4,800pa
Apartment 5 1 bed flat £525pcm or £6,300pa
Apartment 6 2 bed flat £650pcm or £7,800pa
Total inc. £52,400

VAT
All figures quoted are exclusive of VAT whether chargeable or not. Interested parties are recommended to establish VAT implications before entering into any agreement.

LEGAL COSTS
Each party to be responsible for their own legal costs incurred.

VIEWING
Viewing by appointment only please WAYCOTTS COMMERCIAL 01803 403060

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WAYCOTTS (DEVON) LIMITED Trading as WAYCOTTS

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