House For Sale £300,000
A great opportunity to purchase an investment property providing dual income from a ground floor commercial premises and a first floor apartment.
Located on West Street, the property is divided into two units. There are numerous opportunities for the new owners to generate income and could continue to take the income from both units, or live in the apartment and enjoy the income from the shop, or to run your own business.
The shop could also be converted into an apartment, subject to the relevant planning permission and change of use. With a good quality kitchen and shower room already installed, a conversion of the ground floor shop to an apartment could be carried out with minimal outlay. Both the shop and the apartment have undergone extensive renovation by the current owners and have been finished to a high standard.
Ground Floor Shop
The ground floor shop offers a good window frontage onto West Street and is currently arranged with a front shop area, leading to the kitchen and a shower room, with rear access to the parking area. The shop has generated an annual income of £7,200 per annum (£600 per calendar month, exclusive of VAT) and is currently vacant.
Maisonette
Currently achieving a rental of £585 per calendar month. This very well presented maisonette, has undergone thorough refurbishment. Accessed through the parking area and up an external staircase to the rear of the shop, the property has its own entrance. Accommodation includes a modern fitted kitchen, shower room and living room to the ground floor. To the first floor are two bedrooms and another shower room.
Outside
To the rear of the property is a parking area for a number of vehicles accessed via the adjacent car park.
Agents Notes
It is understood that the neighbours have a right of way over the car park at the rear. They currently use two parking spaces, without the consent of the current owners.
This property has a right of way through the adjacent car park to the parking area to the rear.
There is a commercial EPC, but a new one has been ordered, as extensive work has been carried out.
Ilminster is a friendly and thriving market town within a short walk of a wide variety of independent stores. These are mostly centred around the market square and 15th century Minster church and have everything you need from an award-winning butchers, delicatessen, cheese and dairy shop, homewares, antiques stores, clothes boutiques and gift shops.
There is also a town-centre Tesco store with ample free parking. Alongside is a bowls club and tennis club and close-by a town library. Ilminster Arts Centre is a vibrant arts venue with licensed café and there are plenty of other places to eat too, including pubs, cafes, restaurants and take-aways.<br/><br/>
Located on West Street, the property is divided into two units. There are numerous opportunities for the new owners to generate income and could continue to take the income from both units, or live in the apartment and enjoy the income from the shop, or to run your own business.
The shop could also be converted into an apartment, subject to the relevant planning permission and change of use. With a good quality kitchen and shower room already installed, a conversion of the ground floor shop to an apartment could be carried out with minimal outlay. Both the shop and the apartment have undergone extensive renovation by the current owners and have been finished to a high standard.
Ground Floor Shop
The ground floor shop offers a good window frontage onto West Street and is currently arranged with a front shop area, leading to the kitchen and a shower room, with rear access to the parking area. The shop has generated an annual income of £7,200 per annum (£600 per calendar month, exclusive of VAT) and is currently vacant.
Maisonette
Currently achieving a rental of £585 per calendar month. This very well presented maisonette, has undergone thorough refurbishment. Accessed through the parking area and up an external staircase to the rear of the shop, the property has its own entrance. Accommodation includes a modern fitted kitchen, shower room and living room to the ground floor. To the first floor are two bedrooms and another shower room.
Outside
To the rear of the property is a parking area for a number of vehicles accessed via the adjacent car park.
Agents Notes
It is understood that the neighbours have a right of way over the car park at the rear. They currently use two parking spaces, without the consent of the current owners.
This property has a right of way through the adjacent car park to the parking area to the rear.
There is a commercial EPC, but a new one has been ordered, as extensive work has been carried out.
Ilminster is a friendly and thriving market town within a short walk of a wide variety of independent stores. These are mostly centred around the market square and 15th century Minster church and have everything you need from an award-winning butchers, delicatessen, cheese and dairy shop, homewares, antiques stores, clothes boutiques and gift shops.
There is also a town-centre Tesco store with ample free parking. Alongside is a bowls club and tennis club and close-by a town library. Ilminster Arts Centre is a vibrant arts venue with licensed café and there are plenty of other places to eat too, including pubs, cafes, restaurants and take-aways.<br/><br/>
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