Mixed-use investment property and retail premises for sale in Tiverton, Devon with development potential
Tiverton, DevonEst. 35 years
- Status
FOR SALE
- Advert ID
658881
- Reference
INV37362N / Rightbiz
- Call Agent:
- Freehold: £279,000
- Turnover: £20,400 (£392 per week)
- Profit: Not Applicable
Business Details
INVESTMENT PROPERTY DEVELOPMENT OPPORTUNITY EMPTY RETAIL PREMSIES
Versatile INVESTMENT PROPERTY opportunity which also offers DEVELOPMENT potential subject to obtaining the necessary permissions. Situated in popular and developing MID DEVON town, located on the edge of TIVERTON town centre with all amenities close to hand. Fronting busy pedestrian and vehicle thoroughfare with the benefit of pull over car parking, bordering residential areas, close major employer, short walk town centre and attractive riverside.
Deceptive corner sited property extending over 3 levels, currently configured to provide ground floor retail area, 1 bedroom ground floor flat, 1 bedroom first floor flat, and 1 bedroom second floor flat, all benefiting from separate electric, gas, and water meters. The flats being of a good size with potential to create additional accommodation through some re-configuration.
Property in same ownership some 35 years, offered for sale to pursue retirement. The retail area currently occupied by the vendor, will be vacated upon a sale, considered suitable for a variety of trades/uses, either owner operated or could be let generating additional income. Flats enjoying 100% occupancy, some long-term tenants, always in demand, never empty, approaches constantly received, generating income of £1,700 per month/£20,400 per annum, the rents charged considered favourable with scope to increase.
Freehold £279,000 Ref: INV/DEV/E37362N
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.
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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.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.
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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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