This mixed-use Grade II listed property offers a unique investment opportunity in a central location. Comprising two commercial shops and two residential apartments, the building presents considerable potential for renovation and income generation.
The ground floor features two well-positioned shops. The first, currently operating as "Fancy Something Sweet," includes a generous storage area, kitchen, and additional back rooms, all benefiting from an attractive storefront on one of Bideford's busiest streets. The second shop, previously a jewelry store, boasts a prominent front display with excellent visibility for any business venture, complemented by rear storage space and an outside WC.
Above the commercial units are two maisonette-style apartments that are both accessible through a shared entrance. The left apartment encompasses two bedrooms along with a kitchen and bathroom that require updating but offer ample living space. On the right side, the layout includes an additional hallway leading to a storeroom that has conversion potential into a studio apartment. This unit features a spacious lounge, kitchen, bathroom, and two bedrooms.
Currently, two of the four units are occupied by long-term tenants, indicating steady rental demand in the area. Should all units be fully leased at market rates, projections suggest annual income could exceed £30,000. Alternatively, there is also potential for converting some spaces to HMO (House in Multiple Occupation), which could further increase rental yields.
Located in the heart of town with high foot traffic and visibility makes this property not only a promising investment but also an opportunity for creative renovation to maximize its potential. With its history and charm as part of a Grade II listing, it stands out as a remarkable prospect for those looking to expand their property portfolio or create residential and commercial spaces that cater to evolving community needs.
