- Investment opportunity with current Commercial Lease and tenancies in place
- Ground floor self-contained shop unit
- Large four bedroom maisonette
- One bedroom ground floor flat
- Detached one bedroom cottage
- Excellent location close to the town centre and seafront
- Potentially offering a gross yield of approximately 8.75% across 3 tenancy agreements and a commercial lease
This property listing is now SSTC
6 Bedroom Terraced House for sale in Exmouth
3
6
4
BEST & FINAL OFFERS IN WRITING BY 12 NOON ON WEDNESDAY 16th MARCH 2022.
** INVESTORS AWARE **
** A fantastic opportunity to purchase this large property in the seaside town of Exmouth, potentially offering a gross yield of approximately 8.75% across 3 tenancy agreements and a commercial lease.
Viewing and further information –
Strictly by appointment through the Sole Selling Agents Whitton & Laing, 1 Chapel Street, Exmouth, EX8 1HR. Contact: Symon Garratt on 01395 267777. Email: exmouth@whittonandlaing.com
Tenancy –
The business occupying the ground floor shop is unaffected by this sale. Full details of the commercial lease and tenancy agreements together with rental income figures are available upon request.
Services –
We understand that mains electricity, water and drainage are connected to each of the properties. The maisonette has the advantage of mains gas.
Interested parties should make their own enquiries.
Agents Note:
The plans are not exact and are for guidance purpose only.
Tenancy…
The business occupying the ground floor shop is unaffected by this sale.
The remainder of a 9 year commercial lease dated from 01.10.19.
Full details of the commercial lease and tenancy agreements together with rental income figures are available upon request.
Services…
We understand that mains electricity, water and drainage are connected to each of the properties.
The maisonette also has the advantage of mains gas. Interested parties should make their own enquiries.
Divided into a ground floor shop unit, large four bedroom maisonette, one bedroom ground floor flat and a detached one bedroom cottage to the rear. The property is ideally situated within close walking distance of the beach and Exmouth town centre. Nearby bus and rail links into Exeter make this establish Let an excellent long term investment. Viewing is highly advised.
The accommodation comprises:
14a Victoria Road, Exmouth, Devon, EX8 1DJ.
Ground floor shop unit – 46sq metres –
A self-contained ground floor shop unit with an established long term tenant. Good window frontage onto Victoria Road with a kitchen/store and WC. EPC rating 'D'.
14 Victoria Road, Exmouth, Devon, EX8 1DJ.
First and Second Floor Maisonette – 147sq metres -
A substantial four bedroom first and second floor maisonette with its own private ground floor front entrance as well as a rear access from the first floor kitchen/dining room. The accommodation accommodates an excellent size living room, modern kitchen/dining room with built-in appliances, shower room/WC, 4 good size bedrooms with the main bedroom having its own ensuite bathroom/WC with a separate shower. Other features include gas central heating, extensive UPVC double glazing and a part-covered balcony area with timber decking and stairs leading down to the rear courtyard. This is the only property that is not currently Let and is therefore being sold with Vacant Possession. EPC rating 'D'. Council Tax Band 'C'.
17 Elm Grove, Exmouth, Devon, EX8 1DJ.
Ground Floor Flat - 36sq metres -
A self-contained Ground Floor Flat located to the rear of the building enjoying access to the courtyard. The accommodation offers a living room, small kitchen, bedroom, bathroom and separate WC. Features include UPVC double glazing and electric heating. EPC rating 'D'. Council Tax Band 'A'.
15 Elm Grove, Exmouth, Devon, EX8 1DJ.
Detached cottage - 39sq metres –
A unique detached reverse level cottage located to the rear enjoying access from Elm Grove. The accommodation features a first floor living room and kitchen area as well as a ground floor bedroom and bathroom/WC. Features include UPVC double glazing and electric heating. EPC rating 'E'. Council Tax Band 'A'.
Important information
This is a Freehold property.
Property Ref: EAXML4296_11397721
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