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Property
Property description & features
- Tenure: Freehold
- Excellent Investment Opportunity
- Former Bank Building
- Full Planning Consent To Convert Into Three 1 Bedroom Flats
- Ideal For Conversation With Suspended Concrete Floors Throughout
- Suiting A Number Of Different Propositions
- Could Be Utilised To Retain A Commercial Element
- Potential £21,000 Yield Once Converted
- Approximately 1,625 ft2 of Accommodation
- Arranged Over 3 Floors
- Good Sized Enclosed Private Courtyard To The Rear
Having been re-built in the early 1980's after a substantial fire destroyed all but the ground floor, suspended concrete floors were reconstructed throughout, making the construction of the building ideal for conversion to residential units.
Full planning permission was granted in August 2023 to change the existing accommodation into three 1 bedroom flats. However, the property still lends itself to a number of propositions to suit those seeking a fantastic investment opportunity.
Whilst many High Street's across the country are changing, Bideford's High Street is still well supported with a selection of national & local independent shops. Number 71a is also ideal for those looking for a business/home under one roof, retaining the ground floor commercial element if desired.
One bedroom rental properties are always in high demand in Bideford and it believed a current rental figure in the region of £600pcm would be achievable on each flat, yielding £21,000 per annum.
The existing layout of approximately 1,625ft2 (151m2) doesn't require to many substantial changes for the conversation into flats and with two entrance doors onto the High Street, the ground floor accommodation would benefit from its own entrance, whilst spacious stairwells & landings will also be a feature, serving the other two flats.
A useful & good sized courtyard will be found at the rear, which provides a secure area enclosed by high retaining walls.
Torridge District Council Planning No.1/0235/2023/FUL
Services: Mains water, drainage & electricity
Energy Performance Certificate: Exempt
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Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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Property reference 3082_REGY. 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 Regency - Bideford.
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Broadband availability and predicted speed: obtained from Ofcom on January 14, 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 January 14, 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
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