Business for Sale in SEATON, Devon FREEHOLD INVESTMENT/DEVELOPMENT OPPORTUNITY

Key Information

Reference

INV034924N

Tenure

Freehold

Status

For Sale

Region

Devon

Sector

Investment Properties

Annual Sales

£25,000.00 Exc. VAT

Accommodation

Yes

Business Information

Seafront HOME WITH AN INCOME or FREEHOLD INVESTMENT OPPORTUNITY enjoying spectacular coastal views, benefiting from being South West facing resulting in stunning sunsets. Situated in the popular developing EAST DEVON seaside town of SEATON, overlooking LYME BAY towards the historic fishing village of BEER, which is within walking distance.

Enjoying attractive setting, adjacent the esplanade and beach which forms part of the South West coastal path, lying on the Jurassic Coast, a world heritage site. Bordering the town centre, public gardens, leisure facilities, and residential areas with new developments currently being constructed.  

A substantial imposing building, the subject of recent investment, comprises ground floor café which is currently leased out and from which rental income is received, first floor 2 bedroom flat with sea views, currently owner occupied, would suit holiday/long term let providing additional income, and potential to create additional studio apartment which would also suit holiday/long term let.

Versatile property, numerous options to new owners, opportunity for rental income in excess of £25,000 per annum based on long term letting, with scope to increase through holiday letting, the property benefiting from holding the Freehold of the whole building, receiving Ground Rents from other flats, and future lease renewal/extension premiums anticipated.

Freehold £349,500, Ref: INV/DEV34924N