Mixed Commercial and Residential Investment Going to Auction

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The Town Square in Barnstaple is a busy old place.  On a generally day to day basis it is the entrance to the Town Centre with thousands of vehicular and pedestrian movements each day as well as being just a few yards away from the High Street.  Add to this how attractive the former banking hall known as Lloyds Chambers is you can see why the property that consists of commercial ground floor premises and 4 flats is being sold fully let.  The ground floor is currently let as a restaurant / take-away with 15 years remaining on the lease, whilst the 4 flats are let on Assured Shorthold Tenancy Agreements.  Throughout the property is ceiling coving and period features as well as the rooms being typical of the period with high ceilings as well as having views over the Albert Clocktower and River Taw.  The property has a total rental income of £53,440 per annum and is being taken to auction on 20th September by way of an online auction at a guide price of £535,000.  For further information JD Commercial can be contacted on 01237 424053 or via their website www.jd-commercial.co.uk or joint agents website www.247propertyauctions.co.uk