55 Boutport Street, Barnstaple, Devon, EX31 1SH
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Read more Read moreA freehold mixed-use property located in a town centre, comprising a ground floor commercial unit and a spacious one-bedroom flat above. The property is arranged over two floors, with potential for a third floor, situated in a vibrant commercial area opposite a cinema and surrounded by various national retailers, independent businesses, cafés, and leisure facilities. The commercial unit has previously operated as a takeaway and a hairdresser, with an anticipated rental income of £15,000 per annum. The flat was previously rented at £750 per calendar month. Recent updates include the separation of power supplies to the commercial unit and the flat onto individual meters, and the commercial space benefits from a newly installed three-phase electricity supply. Planning permission has been granted for the conversion of the loft to create additional living space, including the provision of dormer windows and internal layout changes at the first floor level. The potential combined rental value for both units is £24,000 per annum.
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