TQ7 Bank House, 45-47 Fore Street, Kingsbridge

An excellent opportunity to acquire this superb well-proportioned mixed-use investment located in a prime position in the centre of Kingsbridge town. The two ground floor retail units are occupied by Oxfam with two sizeable residential flats above, a one-bedroom flat and an exceptionally good size two bedroom with accommodation arranged over two levels. The flats are accessed via a communal passageway which runs in between both retail units. To the rear of the properties there is a large courtyard area which is utilized by both the shop and flat occupiers.

We are advised by our clients that a new roof was installed in 2021.

Quality Mixed use investment opportunity

Prime location in Kingsbridge Town Centre

Two well-proportioned retail units let to a great covenant until 2033

Two spacious well-presented first floor flats

Communal rear courtyard utilized by all occupiers

Total combined income £49,000 per annum.

Freehold asking price £650,000 reflecting a blended net yield of 7.10% after purchaser costs.

Kingsbridge is the shopping/business and cultural hub of the South Hams and is also an important tourist destination. The town benefits from a resident population of 5,800 which increases with the wider catchment area to circa 18,000 consumers. The resident population increases during the summer months with an influx of tourists and second homeowners. Kingsbridge is approximately 20 miles east of Plymouth, 40 miles south-west of Exeter with the Devon Expressway (A38) approximately 12 miles north-west of the subject premises