Terraced house for sale in Potacre Street, Torrington EX38
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Utilities and more details
Property features
- Semi commercial investment
- Shop front with 410 square foot trading area and two separate store rooms
- Three bedroom duplex apartment above approaching 1000 square feet
- Long standing reliable tenants
- 6% return on your investment
- Freehold investment - Business unaffected
Property description
A fantastic investment opportunity in the heart of the town for this semi commercial period property. The building consists of a shop front and store room with kitchen and toilet totalling 617 square feet with a trading space of 410 square feet. Above this is a large three bedroom duplex maisonette approaching 1000 square feet. Both the flat and the shop have enjoyed long standing and reliable tenants that are happy to remain adding a real bonus to any future investing landlord. Currently the income from both units give you a return of 6% on your investment, better than the high street banks and building societies currently have on offer.
Great Torrington is a lovely little market town steeped in history dating back to the English civil war and still retains a real sense of tradition and community spirit. Conveniently located right in the heart of the town nestled amongst a lovely mix of shops, eateries and homes, this is a true opportunity. A short walk around the corner is the Plough Arts Centre and theatre as well the panier market that is still going strong.
Torrington is surrounded by Torrington Commons, 365 acres of countryside allowing for miles of scenic walks with access to the locally renowned Tarka trail, a footpath / cycle way mainly built on the bed of a disused railway where the gradients are gentle. It winds its way following the course of the river Torridge as far North as Ilfracombe or going inland South towards Meeth.
There is plenty of parking in town for visitors and residents alike with the use of two large public pay and display car parks a short walk away. For those that live and work in the town an annual permit can be purchased from as little as £1 a day giving you the use of all the Torridge district council run car parks in the area with the exception of Westward Ho!<br/><br/><b>Directions</b><br/>From our office by foot, turn right out of the door and follow round to the right passing Nationwide and Sandfords bakery. The property will be found further down on the right hand side.
Property info
For more information about this property, please contact
Bond Oxborough Phillips - Torrington, EX38 on +44 1805 447002 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bond Oxborough Phillips - Torrington, and do not constitute property particulars. Please contact Bond Oxborough Phillips - Torrington for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.