Business for Sale in OTTERY ST MARY, Devon MIXED FREEHOLD PROPERTY INVESTMENT OPPORTUNITY

Key Information

Reference

INV35876N

Tenure

Freehold

Status

For Sale

Region

Devon

Sector

Investment Properties

Accommodation

Yes

Business Information

Mixed FREEHOLD INVESTMENT PROPERTY OPPORTUNITY, popular and developing EAST DEVON town which continues to expand, within easy reach of EXETER. Occupying valuable OTTERY ST MARY town centre location, situated on The Square, considered one of the best trading positions in the town, surrounded by other popular businesses, short walk from car parks and residential areas, new developments having been constructed.

Occupying a deceptive substantial site, comprising large retail unit and smaller inter-connecting retail unit (currently let as one), outbuildings, yard area, and parking. Self-contained 2 double bedroom flat above to include kitchen/diner, sitting room, shower room, cloakroom and attic room which lends itself to conversion. Additional spacious 2 double bedroom detached house complete with kitchen, sitting/dining room, bathroom and cloakroom together with patio area and car parking space.

All aspects of the site currently let, shop producing £12,250 per annum, flat £6,600 per annum, and house £9,000 per annum. Current total rent roll amounting to £27,850 per annum, potential to increase, the residential rents considered favourable, rental property in the town always in demand.

Freehold £495,000 Ref: INV35876N