House For Sale £175,000
High Street, Bideford

Number 71a is ready for its next chapter having served the local town as the Halifax Bank in its prime High Street location.

Having been re-built in the early 1980's after a substantial fire destroyed all but the ground floor, suspended concrete floors were reconstructed throughout, making the construction of the building ideal for conversion to residential units.

Full planning permission was granted in August 2023 to change the existing accommodation into three 1 bedroom flats. However, the property still lends itself to a number of propositions to suit those seeking a fantastic investment opportunity.

Whilst many High Street's across the country are changing, Bideford's High Street is still well supported with a selection of national & local independent shops. Number 71a is also ideal for those looking for a business/home under one roof, retaining the ground floor commercial element if desired.

One bedroom rental properties are always in high demand in Bideford and it believed a current rental figure in the region of £600pcm would be achievable on each flat, yielding £21,000 per annum.

The existing layout of approximately 1,625ft2 (151m2) doesn't require to many substantial changes for the conversation into flats and with two entrance doors onto the High Street, the ground floor accommodation would benefit from its own entrance, whilst spacious stairwells & landings will also be a feature, serving the other two flats.

A useful & good sized courtyard will be found at the rear, which provides a secure area enclosed by high retaining walls.

Torridge District Council Planning No.1/0235/2023/FUL

Services: Mains water, drainage & electricity
Energy Performance Certificate: Exempt

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Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.