3 bedroom property for sale
Key information
Property description & features
- Freehold
- Shop and Maisonette
- Total floor area approx. 310 sq. mtrs
- Excellent condition
- Rear Garden
- Potential for a cafe/eatery
- Potential rental income of £24,000 p.a
- Potential Yield of 6.8%
Occupying a perfect trading position in the very centre of Tiverton, with plenty of passing foot and vehicular traffic, the freehold of 4 Gold Street is offered in excellent condition.
A single storey shop unit with a kitchenette and storage in the basement, a cloakroom, and at the rear, the garden is a surprising size and extends around the back of the neighbouring property. The maisonette above is also very spacious with four bedroomed accommodation over three floors.
The Shop
Trading Space approx.100 sq. mtrs / Basement Space approx. 32 sq. mtrs - Potential rental income of £12,500
The owners purchased the building in 2014 and completely renovated the ground floor space, including replastering, new electrics, networking, air conditioning and a security system. The large paned frontage offers plenty of advertising display space. At the very rear, just beyond the back door is a cloakroom, and from the middle of the unit, stairs lead down to a useful basement space. The basement so separated in to two store rooms and a kitchen area. A door from the rear of the shop leads out to a surprisingly large, tiered garden, which wraps around the back of the neighbouring property. This would make a great tea garden or similar (subject to planning).
The Maisonette
Floor space approx. 183 sq. mtrs (1969 sq. ft) - Current rental income of £995 pcm. or £11,940 p.a
The maisonette is arranged over three floors, has a roof terrace and currently has use of the garden.
A private front door opens to an inviting entrance hall leading to the stairwell which takes you up to the large first floor landing. The sitting room at the front of the property retains some of the orignal character with an ornate ceiling rose, a fireplace with an attractive surround, cornice wall mouldings and attractive wall panelling. The high ceilings also increase the feeling of space.
The kitchen dining room offers plenty of space for a large dining table, and there is ample storage with wall and base units, space for a dishwasher and washing machine. A door leads out onto a roof terrace, from which steps lead down to the rear garden.
A particularly large bathroom is also the first floor, and offers a bath and a separate shower cubicle, a wash basin and a loo.
Stairs lead up to the second floor, where there are three double bedrooms, two of which are particularly spacious. A further set of stairs lead up to the attic room - another big room with a Velux window, and currently used as a bedroom.
The property offers a potential rental income of approx. £24,000 p.a. and would return a yield of almost 6.8%.
Tenure:
Freehold
Services:
Mains electricity, gas, water and drainage.
Maisonette Council Tax:
Band B
Business Rates: 1st April 2022 to 31st March 2023
Rateable value £14,750 - Rates payable £7,360 but you may be eligible for small business relief and retail discount. The total payable was £3373.16
Please make further enquiries with Mid Devon District Council -[use Contact Agent Button]
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference TIV230047. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Seddons - Tiverton.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 23, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on May 19, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.