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Fore Street, Budleigh Salterton EX9 Mixed use for sale
Fore Street, Budleigh Salterton EX9
£1,350,000
Fore Street, Budleigh Salterton EX9
£1,350,000
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 property is a unique mixed-use freehold investment opportunity in the heart of Budleigh Salterton, a popular seaside town. The property comprises a detached 3-bedroom house with panoramic sea views, two income-producing shops with a new maisonette above, and parking and garages. There is also planning consent to demolish the existing house and build a new 4-bedroom principal residence. The shops are currently let, generating an annual income of £13,500, and the maisonette is vacant but has an estimated rental value of £14,400 per annum. The house is let on an assured shorthold tenancy for £26,000 per annum. The property is being sold as a whole or can be divided into two lots: the house with garages and the shops and maisonette. With its unique location and potential for redevelopment, this property presents a rare investment opportunity.