Substantial Investment Property in Devon For Sale

Situated in a parade of shops, Hotel & Bed & Breakfast area, close to town centre and approximately 10 minutes walk from the sea front SOUTH DEVON

Price £270,000

Features

Investment Property Comprising For 2 Shops One office and A 5 Bed Flat

TOTAL RENTAL INCOME IS £30,000 per annum
REDUCED FOR QUICK SALE

Beauticians shop in the region of 335 ft² rented on a 1 year licence at a current rent of £350 pcm = (£4,200 p.a.) Specialising in anti-wrinkle treatment, dermal fillers, medical micro needling

Beauticians in the region of 410 ft² rented on a 1 year licence at a current rent of £450 pcm = (£5,400 p.a.) specialising in bespoke facials, plasma treatment, full body waxing.

Basement, in the region of 740 ft², comprising of 3 large rooms, kitchen area, lounge, shower room and toilet. (The owner advises that they're presently appliy for change of use to domestic). Rented on a 1 year licence at a current rent of £400 pcm = (£4,800 p.a.)

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £1,300 per month. The accommodation comprises:

5 Bedrooms (4 double, 1 Single).
Lounge.
Kitchen.
Dining room.
Bathroom with bath, w.c. and wash hand basin.
Shower room with shower, w.c. and wash hand basin.

Tenure

FREEHOLD.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2013

Price

THE VALUABLE FREEHOLD PROPERTY, £270,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 189,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote