Colwills ident

Property Features

Location:
Fore Street, Holsworthy, Devon, EX22 6DS
Parking: 0
Colwills ident

Contact Agent

Bude Office.
32 Queen Street
Bude
Cornwall
EX23 8BB

Sales: 01288 355828

Lettings: 01288 355829

bude@colwills.co.uk

Fore Street, Holsworthy

£927,000
  • INVESTMENT OPPORTUNITY
  • Located in the heart of this thriving market square of Holsworthy
  • 9 residential flats, 1 commercial unit
  • 1x studio, 4x 1 bed and 4x 2 bedroom flats
  • Rental income in excess of £58,000 PA


INVESTMENT OPPORTUNITY: An exciting investment opportunity to acquire the freehold interest in this large attached building in a prominent location in the heart of this thriving market Town of Holsworthy.

The property is laid out over four floors plus a basement and comprises of a ground floor office/retail unit, 1x studio flat, 4x one bedroom flats and 4x two bedroom flats. All the flats are currently let on assured shorthold tenancies and the shop is currently available to let. Once the shop is let the building should be generating an income in excess of £58,000 PA.

Property Details

GROUND FLOOR

THE SHOP The shop offers an entrance porch, two office spaces, kitchen and WC. It is currently vacant and being advertised at £650 PCM.

FLAT 8 Ground floor flat which is currently rented out £532 PCM and offers an entrance hall, sitting room/kitchen, two bedrooms and a shower room.

FLAT 9 Ground floor flat which is currently rented out £595 PCM and offers sitting room/kitchen, hall, two bedrooms and a shower room.

FIRST FLOOR

FLAT 1 First floor flat which is currently rented out £407 PCM and offers an entrance hall, sitting/dining room, kitchen, one bedroom and a shower room.

FLAT 2 First floor flat which is currently rented out £498 PCM and offers an entrance hall, sitting/dining room, kitchen, two bedrooms and a bathroom.

FLAT 3 First floor flat which is currently rented out £423 PCM and offers an entrance hall, sitting room, kitchen, dining room, one bedroom and a bathroom.

SECOND FLOOR

FLAT 4 Second floor flat which is currently rented out £573 PCM and offers an entrance hall, sitting/dining room, kitchen, two bedrooms and a bathroom.

FLAT 5 Second floor flat which is currently rented out £419 PCM and offers an entrance hall, sitting room/kitchen, one bedroom and a bathroom.

FLAT 6 Second floor studio flat which is currently rented out £373 PCM and offers an entrance hall, sitting room/kitchen/bedroom and a bathroom.

THIRD FLOOR

FLAT 7 Top floor flat which is currently rented out £412 PCM and offers an entrance hall, sitting room/kitchen, on bedroom and a bathroom.

RENTAL INCOME 1 £407£4,884.00
2 £498£5,976.00
3 £423£5,076.00
4 £573£6,876.00
5 £419£5,028.00
6 £373£4,476.00
7 £412£4,944.00
8 £532£6,384.00
9 £595£7,140.00
Shop £650£7,800.00
£58,584.00

SERVICES Mains electric, water and drainage. All the flats and retail unit are separately metered.

TENURE/TENANCIES The freehold is being sold and the purchaser will take on the existing tenants and rental income. This building is not offered with vacant possession.

Floorplans

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