Investment Properties for sale in Northam

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Imran Ahmed (Nov 2014)
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Freehold Price: £195,000 Price Reduced
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Business Description
We are offering for sale this freehold, mid-terrace, commercial property comprising of a ground floor retail shop of approximately 469 sq ft area which includes the main retail shop and the middle retail area, plus a stock room to the rear of 140 sq ft with staff cloak room. To the rear, approached by pedestrian and vehicular access, is a car port and a separate doorway giving access to a ground floor lobby and stairs to first floor self-contained 2 bedroom apartment. The premises are ideal for a variety of trades or professions and we anticipate a great deal of interest in the premises.

The premises are available with vacant possession or can be acquired as a potential investment with the 2 bedroom apartment currently let on a short hold tenancy agreement at £6,000 per annum and the ground floor shop has an anticipated rental when let circa £9,000 per annum therefore providing a landlord with a gross rental of £15,000 per annum. Alternatively vacant possession can be made available.

It should be noted that the bridal business is unaffected by the sale and will continue to operate either in the existing premises or will re-locate.
Tenure: Freehold

Location Details:

In the heart of Northam, a popular village not far from the resort of Westward Ho! and the fishing village of Appledore, the property fronts the main road in an eye-catching position only a few yards from the main centre of the village.

Listed by: Webbers Property
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