Mixed Freehold Property Investment Opportunity in Devon for Sale
Ottery Saint Mary, Devon
- Status
FOR SALE
- Date Submitted:
22/09/23
- Advert ID
600123
- Reference
INV35876N / Rightbiz
- Call Agent:
- Freehold: £495,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Vacant/Empty Premises
Business Details
MIXED FREEHOLD PROPERTY INVESTMENT OPPORTUNITY
Mixed FREEHOLD INVESTMENT PROPERTY OPPORTUNITY, popular and developing EAST DEVON town which continues to expand, within easy reach of EXETER. Occupying valuable OTTERY ST MARY town centre location, situated on The Square, considered one of the best trading positions in the town, surrounded by other popular businesses, short walk from car parks and residential areas, new developments having been constructed.
Occupying a deceptive substantial site, comprising large retail unit and smaller inter-connecting retail unit (currently let as one), outbuildings, yard area, and parking. Self-contained 2 double bedroom flat above to include kitchen/diner, sitting room, shower room, cloakroom and attic room which lends itself to conversion. Additional spacious 2 double bedroom detached house complete with kitchen, sitting/dining room, bathroom and cloakroom together with patio area and car parking space.
All aspects of the site currently let, shop producing £12,250 per annum, flat £6,600 per annum, and house £9,000 per annum. Current total rent roll amounting to £27,850 per annum, potential to increase, the residential rents considered favourable, rental property in the town always in demand.
Freehold £495,000 Ref: INV35876N
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.
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Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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