Versatile Mixed Freehold Investment Property in Axminster Devon for Sale
Axminster, Devon
- Status
FOR SALE
- Date Submitted:
08/03/24
- Advert ID
607970
- Reference
INV35982N / Rightbiz
- Call Agent:
- Freehold: £475,000
- Turnover: £31,200 (£600 Per week)
- Net Profit: Not Applicable
Business Details
MIXED FREEHOLD INVESTMENT PROPERTY OPPORTUNITY
Mixed INVESTMENT PROPERTY OPPORTUNITY or HOME WITH AN INCOME, occupying valuable AXMINSTER town centre location, where properties continue to be in demand, considered one of the best and most popular shopping areas in the town, host to a wide range of retail outlets, catering establishments, and other services, with new developments planned, enhancing the desirability of the area, the town benefiting from easy access to include mainline railway station, coastal destinations only a short drive away.
A very deceptive property occupying substantial site, the subject of considerable investment and improvement over the years, with further ongoing investment ensuring the property is presented to a high standard. A versatile property, configured to provide 4 separate elements, office/shop 1, office/shop 2, self-contained flat, and private self-contained 2/3 bedroom house to the rear, suit owner occupation or could also be let to provide additional income, benefits from garden, large detached store (suit other uses), workshop, car port and enclosed driveway.
Both office/shop units currently let, always popular and in demand such is their position within the town, generating rental income of £4,800 per annum and £7,200 per annum. Flat let to family member albeit vacant possession available, accommodation always in high demand in the area with rental income of £7,200 per annum considered achievable. House currently owner occupied, vacant possession also available with rental income of £12,000 per annum considered achievable if let producing total rental income £31,200 per annum.
Freehold Guide Price £475,000 Ref: INV35982N
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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