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66-67 Newport Rd 1,660 SF 100% Leased Retail Building Barnstaple EX32 9BG $367,541 CAD ($221.41 CAD/SF)
INVESTMENT HIGHLIGHTS
- Edge of town centre location
- Planning permission granted for redevelopment
- Two shop units with flat above
EXECUTIVE SUMMARY
Inviting offers based upon £199,000. It should be noted that the flat is subject to an assured shorthold tenancy and the shops are vacant.
Planning permission was granted on the 6th March 2024 under application number 76417 for demolition of existing outbuildings, and the erection of a two-storey development, consisting of 1x studio apartment, 1x two storey one bedroom dwelling and 1x two storey two-bedroom dwelling, plus refurbishment of the two existing retail
units.
Planning permission was granted on the 6th March 2024 under application number 76417 for demolition of existing outbuildings, and the erection of a two-storey development, consisting of 1x studio apartment, 1x two storey one bedroom dwelling and 1x two storey two-bedroom dwelling, plus refurbishment of the two existing retail
units.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,660 SF
Year Built
1900
Price
$367,541 CAD
Price Per SF
$221.41 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.11
Lot Size
0.03 AC
Frontage
18’ on Newport Road
1 1
NEARBY MAJOR RETAILERS
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66-67 Newport Rd
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