Key Features

• Quality Mixed use investment opportunity
• Prime location in Kingsbridge Town Centre
• Two well-proportioned retail units let to a great covenant until 2033
• Two spacious well-presented first floor flats
• Communal rear courtyard utilized by all occupiers
• Total combined income £49,000 per annum.
• Freehold asking price £650,000 reflecting a blended net yield of 7.10% after purchaser costs.

Description

An excellent opportunity to acquire this superb well-proportioned mixed-use investment located in a prime position in the centre of Kingsbridge town. The two ground floor retail units are occupied by Oxfam with two sizeable residential flats above, a one-bedroom flat and an exceptionally good size two bedroom with accommodation arranged over two levels. The flats are accessed via a communal passageway which runs in between both retail units. To the rear of the properties there is a large courtyard area which is utilized by both the shop and flat occupiers. We are advised by our clients that a new roof was installed in 2021.