This mixed-use property features a combination of commercial shops and residential apartments, presenting a unique investment opportunity in a vibrant area. With five bedrooms across two one-bedroom apartments situated on the upper floors and three offices on the ground floor, the layout offers flexibility for various uses.
Spanning three levels, the property is designed to accommodate both commercial and residential tenants, making it ideal for investors looking to capitalize on rental income. Currently, two of the residential units are occupied, providing immediate cash flow and allowing new owners to benefit from existing tenancy while considering future renovation plans.
The ground floor consists of three distinct office spaces, each with its own entrance. This configuration not only supports independent commercial operations but also preserves the privacy of residential access. While some updating is needed throughout the property, this aspect presents an exciting opportunity for renovation that could enhance its appeal and value. Potential improvements could be made to modernize the interior or reconfigure spaces to meet current market demands.
Located in Bideford, a historic market town along the River Torridge in North Devon, this property benefits from a lively community atmosphere complemented by local amenities. The town features a variety of independent shops, cafés, and recreational facilities such as gyms and swimming pools. Nearby Victoria Park provides green space for leisure activities, while Northam Burrows Country Park offers beautiful coastal views ideal for outdoor enthusiasts.
Surrounding areas include several picturesque coastal villages such as Westward Ho!, known for its sandy beaches and surf schools, and Appledore with its charming maritime character. Instow further enhances the locale with its tranquil waterfront setting and access to scenic walking trails. Collectively, these nearby communities contribute to Bideford's charm as both a thriving town and an inviting place for relaxation by the sea.
This property stands out as an excellent investment prospect due to its location and versatile usage options—ideal for developers or owners looking to unlock its full potential while benefiting from steady rental income in this sought-after area.
