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"**A GREAT INVESTMENT PROPERTY** Are you fed up with little or no return on your savings/capital? Take a look at this excellent investment property comprising of 2 commercial lock-up shops let on long leases, plus substantial 2 bedroomed apartment over (with large loft rooms that could be converted into further bedrooms STP) – all currently let and producing excellent income.

This substantial Grade II Star Listed  investment property comprises of 2 lock-up shops (both currently let as successful hairdressing salons on business leases), and a large apartment over which contains 2 double bedrooms, a living room, bathroom, and large kitchen/dining room

(let on a 6 month assured short hold tenancy). Stairs lead up to 3 further rooms in the loft area which have in the past been used as bedrooms – subject to the necessary permissions they could convert into 2 lovely large bedrooms plus another bathroom. There is a laundry/store in the basement which is currently used by the 2 salons, plus a covered outside yard, bin/recycling storage area, and a very useful pedestrian side access with gate to the High Street. There are also 2 large cellar rooms which have further potential. The property is prominently located at the end of the High Street, adjacent to the Methodist Church and is within walking distance of most town amenities.The property is to be sold as a going concern as an investment property, and is currently producing income from the following sources:-

Jaspers Hairdressing Salon

Heidi Marie Hairdressing Salon

The Apartment

Totalling: £1099.35 per calendar month (or £13,192.20 per annum) (Call Helmores for the individual rental incomes)   Call Helmores for the individual rental incomes

Based on the asking price of £200,000 this represents a return on capital of about 6.6% at the current level of rents – considerably higher than most banks!We are informed that the property is Grade II star listed.

CREDITON is an old Mid Devon market town with a wealth of history, being situated just 7.5 miles north-west of the Cathedral City of Exeter with the M5 motorway some 3 miles further on. The town is surrounded by unspoilt farmland in an area of great natural beauty. There is a regular daily bus service to Exeter plus trains every hour to Exeter and Barnstaple and a local town bus which covers most urban areas. The town is most famous for its ancient parish church and for being the birthplace of St Boniface in 680 AD. It has excellent schooling facilities at both senior and junior levels and a sports and leisure centre incorporating a superb swimming pool. The town has an excellent selection of shops with a Morrisons and a large Tesco superstore/petrol filling station.