Having recently sold an investment property in Bridgeland Street, Bideford, Commercial and Business Agents JD Commercial have received new instructions to market a mixed commercial and residential investment in the same street.
Comprising of a ground floor shop with two self contained flats above the property can offer an estimated rental income of £16,600 per annum. The ground floor, which is currently let for £6,700 pa, has been operated as a take-away establishment for the past 20 years with the two residential units currently vacant.
Both units are one bedroomed, with separate lounge /diners, kitchens and bathrooms, with one of the flats being located over two floors. The residential units have previously achieved £4,800 per annum per unit.
Agents JD Commercial are quoting a price of £215,000 for the Freehold interest to include the benefit of the existing ground floor lease. JD Commercial can be contacted on 01237 424053 or via www.jd-commercial.co.uk. Take a look at this property.