Fore Street, Budleigh Salterton EX9 6 bed detached house for sale

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Fore Street, Budleigh Salterton EX9 6 bed detached house for sale

Fore Street, Budleigh Salterton, EX9
£1,295,000

Our Summary

  • Planning permission was granted (application number 23/10/19/FUL) on 1st September 2023 for the demolition of the existing house and the construction of a new build 3 storey principal residence

Description

This is a unique investment opportunity in Budleigh Salterton, a popular seaside town in East Devon. The property comprises a detached 3-bedroom house with panoramic sea views, known as Forelands, and a mixed-use freehold building on Fore Street, which includes two income-producing shops and a newly converted maisonette above. The shops are let at a combined annual income of £13,500, while the maisonette is vacant with an estimated rental value of £14,400 per annum. The house is currently let on an assured shorthold tenancy at £26,000 per annum. Planning consent has been granted to demolish the existing house and build a new 4-bedroom principal residence with sea views. The property also includes three garages and private parking. The guide price for the whole property is £1,350,000, or it can be sold in two lots: the house with garages, or the two shops and maisonette.