• Substantial Freehold Investment Property
• Mix of Commercial and Residential
• Restaurant unit plus residential apartment
• Sought after shopping street location
• Ample customer parking nearby
• Situated in a popular East Devon town
Falcon Commercial is delighted to offer for sale this marvellous opportunity to acquire the valuable freehold rights to a Commercial and Residential property. This substantial two-storey freehold property enjoys all the considerable commercial advantages of a highly visible trading position on one of the main shopping roads in Ottery St Mary, Devon. It is surrounded by a good mix of complimentary independent and multiple businesses
The premises currently feature self-contained restaurant premises, together with a private apartment which are currently let to produce a very healthy regular rental income.
This would naturally present a truly outstanding opportunity, particularly for someone looking to significantly increase their existing investment portfolio by the acquisition of a substantial and extremely well located additional freehold property which achieves a very healthy return on initial capital outlay.
Falcon Commercial recommends early negotiations on this rarely available unique investment opportunity.
Well-presented and maintained two storey premises, briefly comprising
• Restaurant with
• Restaurant area
• Apartment with
• Bedroom 1
• Bedroom 2
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk
Each party to bear their own legal costs incurred in the transaction unless otherwise agreed
For further information, you should make their own enquiries to East Devon District Council, Knowle, Sidmouth EX10 8HL
The EPC rating is: TBC
The rental income is currently
• £9,600 per year