DESRIPTION An excellent investment property with an established rent roll of £19,800 per annum (2026), giving a current gross yield of 6.7% but with potential to review. Originally the whole building was converted by the current owners and Flat 2B was refurbished in 2022. The property has vehicle access to the rear providing parking for each flat, as well as a redundant garage and gardens extending to approximately 0.061 acres. The garden land offers potential for future development subject to the necessary consents. Consent was given in 2006, now lapsed, REF: 06/00388/FULL.
The property is situated within walking distance of several large employers and the village amenities which include Co-op, store/post office, primary school, church, sports/tennis club, Spar/petrol station. The M5 can be accessed at either J27 or J28, both within 4 miles.
SERVICES Mains Electricity, Water and Drainage. Electric Heating.
Ofcom predicted broadband services - Standard, Superfast & Ultrafast broadband available.
Ofcom predicted mobile coverage: Internal - O2 & Vodafone. External - EE, Three, O2 and Vodafone.
Local Authority: Mid Devon District Council.
DIRECTIONS What3Words: ///interview.straws.labs
Google Drop Pin: https://maps.app.goo.gl/MgZqgLS81qsoYwFY9
