Investment Properties for sale in Ottery St Mary

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Ottery St Mary, Devon, England

  • Freehold Price: £325,000
  • Annual Turnover: £25,450
Seller Reference: INV34960N
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Business Description
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Seller Reference: INV34960N
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Business Description
Mixed FREEHOLD INVESTMENT/DEVELOPMENT OPPORTUNITY, popular and developing EAST DEVON town, within easy reach of EXETER. Prominently situated within the centre of OTTERY ST MARY, just off The Square, close other popular businesses and residential areas.

Substantial deceptive property, comprising retail unit (approx. 900 sq. ft.) let to longstanding major charity, established beauty salon (approx. 400 sq. ft.), and spacious self-contained 2 bedroom flat (approx. 750 sq. ft.) with planning permission (recently lapsed) for 2 additional bedrooms or could possibly form 2 flats subject to obtaining revised planning permission.

Commercial leases currently in place in respect of tenanted commercial units providing regular income, flat vacant offering owner occupation or alternatively can be let as is or developed. Potential total rental income in excess of £25,000 per annum as is or could be increased through development of flat.

Freehold £325,000 Ref: INV/DEV34960N

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