9 bed property

Our Summary

• For sale by traditional online auction
• MIXED RESIDENTIAL AND COMMERCIAL INVESTMENT OPPORTUNITY A rare opportunity to acquire a substantial and prominently positioned four-storey mixed-use investment property situated in a highly visible trading position on Beacon Hill, close to the seafront and town centre amenities of Exmouth
• The commercial premises offer scope for continued gallery/café use or potential alternative retail or hospitality operations, subject to any necessary consents
• The residential element provides an established income stream with potential for future rental growth, subject to market conditions
• A versatile and substantial investment opportunity in one of East Devon’s most popular coastal towns
• KEY FEATURES Prominent four-storey mixed-use building Ground commercial/retail space floor hybrid art gallery and café Nine residential flats Flats fully let on Assured Shorthold Tenancies Current combined rental income: £68,580 per annum Located close to the seafront and town centre amenities Established investment with potential to enhance income Potential to enhance income and value through future rental growth and active asset management, subject to market conditions ACCOMMODATION COMMERCIAL Ground floor: Shop with main seating and servery areas, kitchen, WC's
• Please refer to the auction legal pack for the individual flat details
• Internal viewings may be limited if units are occupied — purchasers should refer to auction pack and obtain surveys