Established in 1985, The Wright Property specialises in all aspects of property including Property Management, Residential and Commercial Estate Agency covering all areas of North Devon. We operate from our Barnstaple town centre offices and pride ourselves on our approachable, friendly and professional manner always willing to go that extra mile to deliver the best possible service.

Our deposits are equal to 1 ½ times the monthly rent. Our administration fees for referencing are £125 (inc vat) per adult.

The Wright Property - Barnstaple

14%+ YIELD HMO RESIDENTIAL INVESTMENT FOR SALE 85 HIGH STREET BARNSTAPLE EX31 1SS SITUATION Barnstaple is the regional centre for North and Mid Devon situated some 40 miles north-west of Exeter and 45 miles west of Taunton. The town is the regional administrative centre and houses the North Devon District Hospital with many medical and admin professionals seeking placement accommodation. Barnstaple has a largely unopposed retail catchment population within 5 miles in excess of 50,000 inhabitants. LOCATION The property occupies a prominent town centre corner position on the junction of High Street and Cross Street adjacent to numerous local facilities including Marks & Spencer, Wimpy, Tesco, Caffe Nero, Bars, restaurants, Take Aways etc. DESCRIPTION & ACCOMMODATION The fully licensed premises comprise an HMO with 11 letting rooms plus back up over first and second floors. Having been fully developed less than 4 years ago, the property is presented in excellent order and is furnished, with fixtures, fittings and equipment included in the asking price. To the first floor are 5 letting rooms, kitchen/diner, shower room with w.c, further shower room and separate w.c. The second floor comprises 6 letting rooms, kitchen/diner, 2 shower rooms with w.cs and 2 separate w.cs. GROSS INCOME The units have been fully let (on ASTs) since development with a continuing and strong local demand. All Tenants are private and professional (predominately medical). Currently yielding c.£81,900 per annum (5 rooms at £650 per month and 5 rooms at £600 per month and 1 at £575 per month) representing a gross yield of c.13.88% TERMS We are instructed to offer the premises on a virtual freehold basis (120+ year lease) as a whole at OIRO £590,000. LEGAL COSTS Each party to be responsible for the payment of their own costs incurred in any transaction. EPC The EPC and other relevant certification will be provided to interested parties.

Property reference 3197. 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 The Wright Property - Barnstaple.

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 Super-fast: Between 30 Mbit/s and 300 Mbit/s 
 Ultra-fast: Over 300 Mbit/s

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 Clear: No bars, no signal predicted 
 Red: One bar, reliable signal unlikely 
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 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: obtained on September 8, 2021 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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Block of apartments on High Street for sale

11 bedroom block of apartments for sale

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Our Lady's Catholic Primary School, Barnstaple

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Barnstaple

14%+ YIELD HMO RESIDENTIAL INVESTMENT FOR SALE85 HIGH STREETBARNSTAPLE EX31 1SSSITUATIONBarnstaple is the regional centre for North and Mid Devon situated some 40 miles north-west of Exeter and 45 miles west of Taunton. The town is the regional administrative centre and houses the North Devon...

11 bedroom block of apartments for sale

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