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9 bed end of terrace house
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Our Summary
- Established investment with potential to enhance income, subject to market conditions
- To Be Sold Via Online Auction Thursday 4th June 2026
- 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
- Please refer to the auction legal pack for the individual flat details
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Description
The property is a commercial location with a characterful ground-floor hybrid art gallery and café, benefitting from strong pedestrian footfall and a thriving local tourism economy. The property has a total of 9 self-contained residential flats above, all currently let on Assured Shorthold Tenancies at a combined annual rental income of £66,060. The accommodation includes various floor layout plans, with features such as kitchen/living rooms, bedrooms with en-suite shower rooms, and utility rooms.
The property is held as a freehold subject to tenancies, with EPC ratings ranging from B to D across the commercial and residential elements.