Property Details

A Town Centre Mixed Use Investment Comprising A Self-contained Shop, Maisonette And Flat.

Town Centre Mixed Use Investment

Popular Seaside Town

Fully Income Producing

Passing Rent: £32,340 P.a.

Self-contained Shop, Maisonette And Flat

The Property Is Situated In A Popular And Busy Trading Position Overlooking The Strand And Amongst A Number Of Multiple And Independent Retailers, Cafés And Banks With Nearby Occupiers Include Tsb Bank, Franklins Bar & Restaurant, Strands And Chaps Hairdressers, Exmouth Indoor Market And Scott Cinema.

The Shop Overlooks The War Memorial Gardens An Attractive Pedestrianised Area And Popular Meeting Place Hosting Many Local Events Throughout The Year.

Exmouth Is A Popular Seaside Town In East Devon With A Population Of Approximately 34,000 And A Catchment Population Of Approximately 130,000 Which Benefits From Substantial Seasonal Boosts Each Year.

The Two Main Car Parks Within The Town Centre, The Train Station Together With The Beach And Seafront Are All Within Walking Distance.

The Property Comprises A Mid Terraced Three Storey Period Property In An Enviable Position Overlooking The Strand.

The Accommodation Provides A Self-contained Ground Floor Lock Up Shop T/a "shop Dead Gorgeous" Comprising Main Sales Area, Rear Storage, Kitchen And W/c Facility.

To The Rear There Is Loading From The Service Lane In Queen Street.

The Maisonette Accessed From The Strand Provides Self-contained Accommodation Over The First And Second Floor. The First Floor Comprises A Dining Room, Kitchen /breakfast Room, Lounge, And Separate W/c. On The Second Floor There Are Three Bedrooms And A Shower Room. The Maisonette Benefits From Night Storage Heaters.

Accessed Via 7 Queen Street To The Rear There Is A Self-contained One Bedroom Flat With Kitchen/lounge And Bathroom.

The Flat Benefits From Gas Fired Central Heating, Entry Phone And Is Well Presented Throughout.

The Front Of The Property Has Recently Been Redecorated.

Proposal:
The Freehold Interest, Subject To The Existing Tenancies Is Available At A Guide Price Of £395,000 Subject To Contract. This Figure Will Show An Investors A Net Initial Yield Of Approx 7.86% After Allowing For Purchasers Costs.

The Property Has Not Been Elected For Vat, Therefore Vat Is Not Chargeable On The Purchase Price.

Both Parties To Bear Their Own Legal Costs In The Transaction.

The Property Has Not Been Elected For Vat, Therefore Vat Is Not Chargeable On The Purchase Price.

Both Parties To Bear Their Own Legal Costs In The Transaction.

Epc's Are Available For This Property. Please Contact The Agent For Further Details.

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