3 bed block of flats for sale

South Street, South Molton EX36

South Street, South Molton, Ex36 4Ag

An excellent opportunity to acquire a freehold mixed-use investment property in the popular market town of South Molton, comprising commercial premises and a three bedroom flat. Both elements are currently tenanted, providing immediate rental income and making this an attractive addition to any investment portfolio.

The residential accommodation comprises three bedrooms, a bathroom and a reception room. Combined with the commercial premises, the property offers two separate rental streams under one freehold title.

Ideal for experienced landlords and investors alike, this ready-made investment offers an established income stream with potential for future rental growth and enhanced returns, subject to existing tenancy arrangements and necessary consents.

South Molton is a historic market town in North Devon, renowned for its independent shops, local businesses and traditional charm. Situated on South Street, the property benefits from a convenient location close to town centre amenities, cafés, shops and local services.

South Molton is an established commercial and residential hub serving the wider North Devon area. Its strong local business community, traditional retail offering and continued focus on supporting local commerce contribute to its appeal. The wider region also attracts residents, businesses and visitors, providing an established market for both residential and commercial property. This makes South Molton an appealing location for investors seeking long-term opportunities in North Devon.

A fantastic opportunity to secure a tenanted mixed-use freehold investment, offering immediate income, dual rental streams and the potential to strengthen your property portfolio.

Please note that letting and management charges may apply.

Financial Breakdown

Gross Rent: £17,100.00
Net income: £16,600.00
Gross yield: 7.13%
Net yield: 6.92%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-08701