Retail/Shop For Sale, Kingsbridge
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Property ID: 156455
£650,000 Freehold
45-47,Fore Street, Kingsbridge, TQ7 1PG
Type
Retail/Shop
Status
Available
Size
1,839 sq ft
Key Features
- Quality Mixed use investment opportunity
- Prime location in Kingsbridge Town Centre
- Two well-proportioned retail units let to a great covenant until 2033
- Two spacious well-presented first floor flats
- Communal rear courtyard utilized by all occupiers
- Total combined income £49,000 per annum.
- Freehold asking price £650,000 reflecting a blended net yield of 7.10% after purchaser costs.
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Description
An Excellent Opportunity To Acquire This Superb Well-proportioned Mixed-use Investment Located In A Prime Position In The Centre Of Kingsbridge Town. The Two Ground Floor Retail Units Are Occupied By Oxfam With Two Sizeable Residential Flats Above, A One-bedroom Flat And An Exceptionally Good Size Two Bedroom With Accommodation Arranged Over Two Levels. The Flats Are Accessed Via A Communal Passageway Which Runs In Between Both Retail Units. To The Rear Of The Properties There Is A Large Courtyard Area Which Is Utilized By Both The Shop And Flat Occupiers. We Are Advised By Our Clients That A New Roof Was Installed In 2021.
Location
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