3 bed property

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3 bed property

Gold Street, Tiverton, Devon EX16
£330,000

Price History

Initial price £375,000
11/09/24 £350,000
05/01/25 £325,000
16/01/25 £295,000
08/05/25 £330,000
Price Change -12.00%

Description

This freehold shop and maisonette in Tiverton offers a lucrative commercial investment opportunity, generating an annual income of £29,940 with a gross yield of 9%. The shop, with a trading space of approximately 100m2 and basement space of 32m2, is let on a 5-year lease and has been fully renovated with modern amenities. The maisonette, spread over three floors, has private access and a large rear garden, and is currently generating £11,940 per annum. The property's central location, with high foot and vehicular traffic, makes it an attractive investment for businesses. The current rental income and potential for future commercial tenancies, including the possibility of a café or similar, make this a great opportunity for investors.