Freehold investment property with development potential in Ottery Saint Mary, includes newsagent rental.
Ottery Saint Mary, Devon
- Status
FOR SALE
- Advert ID
646514
- Reference
INV036166N / Rightbiz
- Call Agent:
- Freehold: £149,950
- Turnover: £11,829 (£227 per week)
- Profit: Not Applicable
Business Details
FREEHOLD INVESTMENT DEVELOPMENT OPPORTUNITY
Substantial FREEHOLD INVESTMENT PROPERTY OPPORTUNITY with additional land and buildings offering potential DEVELOPMENT SITE subject to obtaining planning permissions/consents.
Centrally positioned within the popular EAST DEVON town of OTTERY ST MARY, lying just off the main 'Square', surrounded by other businesses and residential areas, the town being within easy reach of EXETER, and popular coastal destinations.
A substantial site, host to several buildings, includes substantial main building, extending over 3 floors, currently trading as a newsagent with the upper floors not currently utilised. To the rear, accessed from the main street, additional 2 storey vacant building, plus outbuildings, all within enclosed walled garden area offering numerous opportunities.
Commercial Lease currently in place in respect of the newsagent only, currently producing rental income of £11,829.84 per annum, subject to 3 yearly reviews and being linked to RPI. Remaining elements of the site unused.
Freehold £149,950 Ref: INV/DEV036166N
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.
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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.'.
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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.
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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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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.
Be safe, use a Rightbiz Solicitor
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