Commercial/Development Property Devon TQ5 £185,000 – £215,000

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Auction date: Thu, 09/02/2017 - 11:00

A rare opportunity to acquire a substantial and extensive multi-storey building principally comprising, over three floors, being former banking premises of which enjoys a prominent position in the town’s main shopping thoroughfare. The property is likely to appeal to commercial investors but, in particular, to residential developers, due to the extensive amount of floorspace in addition to the street level banking floor. These first and lower ground floors offer, subject to all necessary consents being obtainable, the graphic potential for the creation of a number of flats with the precedent having been set by the past conversion of the second floor into two flats, already sold on long leases. The cashpoint will be let at £3,000 per annum

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