DEVELOPMENT/INVESTMENT PROPERTY OPPORTUNITY
Overview
Description
Town centre DEVELOPMENT/INVESTMENT PROPERTY OPPORTUNITY, occupying central position within the popular EAST DEVON town of OTTERY ST MARY, fronting a busy thoroughfare, just off ‘The Square’, close all amenities to include Boots the Chemist and Sainsbury’s supermarket, surrounded by popular residential areas.
A substantial and versatile corner sited property, very deceptive, extending over 3 floors, with additional buildings. Plans drawn for ground floor retail outlet and offices, plus first floor flat and second floor flat, with potential opportunity to develop the roof area, generating a substantial rent roll.
Main building currently configured to provide shop, offices, and storage, with additional detached building and courtyard. Current rent roll £14,664, scope to increase to £25,920 through development of the 2 flats, potentially more should development of the roof space be pursued.
Freehold £250,000 Ref: INV/DEV35941N
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