Summary - Bampton Street, Tiverton, EX16 EX16 6AH
3 bed 2 bath Shop
**Standout Features:**
- Mixed-use property: shop premises with attached residential flat
- Prime town center location
- Current rental income of £9,000 per annum (4.09% yield)
- Long-term tenant in place for the commercial unit
- Chain free with 12 years remaining on the lease
- Spacious flat with potential for minor renovations
- Low council tax and fast broadband speed
**Concerns:**
- High crime rate in the area
- Leasehold property (may affect mortgage options)
- Deprivation in the neighborhood
This versatile mixed-use property at 50 Bampton Street offers a prime investment opportunity in the heart of Tiverton. With a commercial unit currently leased to a thriving takeaway restaurant generating an annual rental income of £9,000, coupled with an attached three-bedroom flat, this property is perfect for investors looking for immediate returns. The shop's large front allows for excellent visibility and advertising, attracting foot traffic, while the flat boasts open-plan living, ideal for a small family or as rental space.
While the location shows signs of economic transition with a high crime rate and deprivation, the area benefits from low council tax and a wealth of local amenities. The current lease allows for long-term security with a solid tenant in place, though potential buyers should note that mortgage lenders may be hesitant due to the leasehold nature. This unique property not only provides a stable investment but also presents future potential for renovations to increase value. Seize this opportunity before it’s gone!
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