Investment property portfolio in Honiton Devon with retail units and a large flat available for sale
Honiton, Devon
- Status
FOR SALE
- Advert ID
656450
- Reference
INV37323N / Rightbiz
- Call Agent:
- Freehold: £700,000
- Turnover: £54,600 (£1,050 per week)
- Profit: Not Applicable
Business Details
INVESTMENT PROPERTY PORTFOLIO
Prime HIGH STREET INVESTMENT PROPERTY PORTFOLIO, centrally positioned within HONITON TOWN CENTRE, fronting main shopping Hight Street, also forming part of popular shopping centre. Surrounded by national names – Coffee 1, Superdrug, Boots, Specsavers, and on route to main shopper's car park, adjacent bus stops, with free restricted on street car parking available in front and opposite.
Substantial property offering a mixed use investment opportunity, comprising large retail unit (approx. 1,464 sq. ft.) fronting High Street, 2 smaller retail units (approx. 721 sq. ft. & 754 sq. ft.), fronting pedestrianised shopping centre development. Additional substantial 5 bedroom flat (more than 2,000 sq. ft.), potentially offering conversion to 2 flats subject to obtaining the necessary planning consents.
Units currently let and producing rental income of £54,600 per annum (7.8% yield), with scope to increase and produce £61,600 per annum (8.8% yield). Tenants include 'Blue Chip' national retailer with 1,000 stores, additional multi-site retailer, and residential tenant in respect of self-contained flat. Commercial leases on Full Repairing & Insurance basis, and flat managed through local letting agent.
Freehold £700,000, Ref: INV37323N
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.
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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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