Substantial Commercial Investment (With Residential Ground Rent Income)

  • Price: £365,000
Axminster, Devon, England
Seller Ref:4676
For Sale

Substantial Commercial Investment (With Residential Ground Rent Income)

Axminster, Devon, England
Seller Ref:4676
  • Price: £365,000

Overview

Seller Ref: 4676

Description

Axminster is a market town with a population of approximately 6,000, situated in East Devon.

Having famously given its name to the Axminster carpet, the town overlooks the River Axe and has all expected small town amenities; including supermarkets, pubs, hotels, local independent and national retailers, catering facilities, carparking and a cottage hospital.

Axminster lies approximately 20 miles east of Exeter and has a mainline railway station providing intermittent daily services across the Southwest, London and to the North.

‘St Georges’ comprises a terrace of 7 ground floor lock up retail fronted shops, which wrap around the corner of Victoria Place and Chard Street. The shops are self-contained and independently let – Tenancy Schedule overleaf.

Over this, and behind is a development of 17 residential flats, all of which have been sold on long leases – further details below. The residential accommodation is situated around a pleasant rear courtyard and is a mix of the original upper parts and later purpose-built extensions.

Finally, the freehold as stands includes a freeholder retained ground and first floor residential unit. This does not form part of the sale and will be retained under a new Long Leasehold title.

Is this business relocatable:
No
Is accommodation included:
No
Is stock included:
NA

Business Documents

ExpertAgentDocument-4676
ExpertAgentDocument-4676-1

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