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

EPC Rating D (78)

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