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Investment

Investment For Sale Exmouth

PROPERTY ID: 140898

PROPERTY TYPE

Investment

STATUS

Available

SIZE

3,117 sq.ft

Key Features

Mixed use freehold investment
Detached 3 bed house with panoramic sea views
Two income producing shops with new maisonette above, private parking and garages
Planning consent for new 4 bed house to replace existing
Available as a whole or alternatively consideration will be given to the sale in 2 lots
Guide price: £1,350,000

Property Details

The property is situated within the heart of the town centre with the shops and offices fronting Fore Street and Forelands the detached house overlooking the beach and sea. Budleigh Salterton is a popular and highly sought after seaside town approximately 15 miles south of Exeter and situated within an area of outstanding natural beauty. The town benefits from a good range of shopping facilities, a health centre, churches, library and museum. The Cathedral city and county town of Exeter lies approximately 15 miles in a westerly direction with Junction 30 linking to the M5 motorway and two mainline railway stations making it ideal for commuting. The area is well favoured with local schools of a high reputation and several well patronised golf courses readily accessible.

Mixed Use Freehold Investment Detached 3 Bed House With Panoramic Sea Views Two Income Producing Shops With New Maisonette Above, Private Parking And Garages Available As A Whole Or Alternatively Consideration Will Be Given To The Sale In 2 Lots Planning Consent For New 4 Bed House To Replace Existing The Property Is Situated Within The Heart Of The Town Centre With The Shops And Offices Fronting Fore Street And Forelands The Detached House Overlooking The Beach And Sea. Budleigh Salterton Is A Popular And Highly Sought After Seaside Town Approximately 15 Miles South Of Exeter And Situated Within An Area Of Outstanding Natural Beauty. The Town Benefits From A Good Range Of Shopping Facilities, A Health Centre, Churches, Library And Museum. The Cathedral City And County Town Of Exeter Lies Approximately 15 Miles In A Westerly Direction With Junction 30 Linking To The M5 Motorway And Two Mainline Railway Stations Making It Ideal For Commuting. The Area Is Well Favoured With Local Schools Of A High Reputation And Several Well Patronised Golf Courses Readily Accessible. 14, 14a & 14b Fore Street The Property Was A Former Police Station With Ancillary Living Accommodation Constructed In The Middle Of The Last Century. The Accommodation Is Arranged On Ground, First And Second Floors And Traditionally Constructed Of Brick Cavity Walls Beneath A Pitched Tiled Covered Roof. Single Storey Back Additions Have A Flat Roof Section Behind The Parapet Walls. The Tourist Information Office Relocated In October 2019 To The Adjoining Ground Floor Shop By Way Of A New Lease And Their Shop Was Subsequently Let To Sarah Dunn & Co Trading As A Residential Letting And Property Management Business. The First And Second Floors Are Accessed By A Separate Ground Floor Entrance From The Rear And Comprise Newly Converted 2-bed Maisonette With Kitchen, Bathroom And Occasional Bedroom/office. There Is Parking For 3 Vehicles And 3 Garages To The Rear With Vehicular And Pedestrian Access Through A Side Passageway Running Been Part Of The First Floor. There Is A Pedestrian Right Of Access Existing Over The Rear Yard In Favour Of The Adjoining Property (highlighted In Blue On The Attached Os Plan). Forelands, 12a Fore Street Forelands Is A Well Presented Detached House With A Unique Position Enjoying Panoramic Coastal Views Over The Beach And Lyme Bay. The Main Accommodation Comprises 3 Bedrooms (1 Ground Floor), 2 Reception Rooms, Kitchen, Sun Balcony, Bathroom, Utility Room And Separate W/c. Outside There Is A Good Sized Rear Garden Which Is On The Level And Has A Southerly Orientation And Provides Direct Access To The Coastal Path. Gas Fired Central Heating And Double Glazing Are Installed Throughout And All Main Services Are Connected. Proposal Guide Price: £1,350,000 For The Whole Property. Alternatively Consideration Will Be Given To The Sale In 2 Lots: House With Garages. 2 Shops And Maisonette. Vat Is Not Chargeable To The Price. Epc's Are Available From The Agents. 14 Fore Street (tourist Information Centre) Let To Budleigh Salterton Tourist Information Centre Limited For A Term Of 5 Years From The 1st October 2024. The Passing Rent Is £6,500 Per Annum And Subject To Review On A 3 Yearly Basis. The Lease Is Drawn On An Internal Basis And The Tenant Contributes 20% Towards Service Costs And Building Insurance. Alienation Is Permitted On Both The Assignment And Subletting Of The Lease. There Is A Tenant Break At Third Anniversary. 14 Fore Street (gary Williams & Sarah Dunn) Let To Gary Williams And Sarah Dunn For A Term Of 7 Years From 12th December 2020. The Passing Rent Is £7,000 Per Annum And Subject To Review On A 5 Yearly Basis. The Lease Is Drawn On An Internal Repairing Basis And The Tenant Contributes 20% Towards Service Costs And Building Insurance. In Addition, The Tenant Will Pay To The Landlord 50% Of All Water Charges For The Building. Alienation Is Prohibited On Both The Assignment And Subletting Of The Lease. First And Second Floor New Maisonette The Accommodation Is Vacant. Forelands, 12a Fore Street The Property Is Let On An Assured Shorthold Tenancy At An Annual Rent Of £26,000 Per Annum. Budleigh Salterton Lies Within An Area Of Outstanding Natural Beauty At The Western Most Point Of The East Devon Heritage Coast. The Property Is Situated Within A Conservation Area And Identified In The East Devon Local Plan As Forming Part Of The Town Centre Shopping Area. Planning Permission Was Granted (application Number 23/10/19/ful) On 1st September 2023 For The Demolition Of The Existing House And The Construction Of A New Build 3 Storey Principal Residence. Further Information And Full Plans Are Available From The Agents.

About the Agent

Stratton Creber Commercial - Exeter

See Agent's Other Properties

Investment Unit

£1,350,000 Freehold

Forelands,12A Fore Street, Exmouth, EX9 6NG
Investment - Available
3,117 sq ft
290 sqm
Show phone number

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