This mixed-use property presents a unique investment opportunity in a central town location, featuring two commercial retail spaces on the ground floor and two residential apartments above. As a Grade II listed building, it boasts character and historical significance, while also offering significant potential for modernization and enhancement.
The property currently includes two long-term tenants in two of the four units, providing immediate rental income. The projected annual income could exceed £30,000 if all units are leased at current market rates. Additionally, there is potential for conversion into Houses in Multiple Occupation (HMO), which could further increase cash flow.
The first commercial unit is home to "Fancy Something Sweet," complete with ample storage space and kitchen facilities at the rear. This shop features an appealing storefront located on one of Bideford's bustling streets, ensuring consistent foot traffic. The second retail space, previously used as a jewelry store, benefits from a prominent position with excellent display opportunities and includes security shutters for added protection.
Accessed through a shared entrance, the two upper-floor maisonette apartments provide additional living space suitable for rental purposes or personal use. One apartment is a spacious two-bedroom layout that requires some updating to maximize its appeal. The second apartment features an inviting lounge area, kitchen, bathroom, and two bedrooms; however, part of the layout allows for potential conversion of additional storage space into another studio apartment if desired.
Given its central location and diverse income-generating possibilities, this property is well-suited for investors looking to expand their portfolio or those seeking a renovation project with promising returns. For further details or to arrange a viewing, please get in touch with our team. The property’s Grade II listing also means it is exempt from EPC regulations.
