4 bedroom apartment for sale

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4 bedroom apartment for sale

Ottery Saint Mary
£475,000

Our Summary

  • DescriptionA substantial building made up of a mix of commercial and residential units to combine as a unique investment / development opportunity
  • The development opportunity offers potential to convert existing office space (STP)
  • 1 Silver Street is an existing commercial property creating an excellent investment, with potential to convert the upper floors into residential accommodation (STP) indicative plans have been drawn up to highlight this potential

Description

This property is a unique investment opportunity, comprising a mix of commercial and residential units in Ottery St Mary, Devon. The main building, 1 Silver Street, currently provides shop, office, and storage space, with a detached building and courtyard, and has a rent roll of £12,600. The property will be vacant from March 2025, allowing for potential redevelopment or conversion of the upper floors into residential accommodation. The adjacent property, 3 Silver Street, offers a ground-floor commercial unit, a first-floor 2-bedroom flat, and a second-floor 2-bedroom flat, with a total rent roll of £23,760 per annum. The town of Ottery St Mary is conveniently located near Exeter, with a range of independent shops, pubs, restaurants, and schools. The property is easily accessible from the A30 and is situated in the heart of the town, making it an attractive investment opportunity for developers or investors.
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