Business for Sale in AXMINSTER, Devon MIXED FREEHOLD INVESTMENT PROPERTY OPPORTUNITY

Key Information

Reference

INV35982N

Tenure

Freehold

Status

For Sale

Region

Devon

Sector

Investment Properties

Annual Sales

£31,200.00 Exc. VAT

Accommodation

Yes

Business Information

Mixed INVESTMENT PROPERTY OPPORTUNITY or HOME WITH AN INCOME, occupying valuable AXMINSTER town centre location, where properties continue to be in demand, considered one of the best and most popular shopping areas in the town, host to a wide range of retail outlets, catering establishments, and other services, with new developments planned, enhancing the desirability of the area, the town benefiting from easy access to include mainline railway station, coastal destinations only a short drive away.

A very deceptive property occupying substantial site, the subject of considerable investment and improvement over the years, with further ongoing investment ensuring the property is presented to a high standard. A versatile property, configured to provide 4 separate elements, office/shop 1, office/shop 2, self-contained flat, and private self-contained 2/3 bedroom house to the rear, suit owner occupation or could also be let to provide additional income, benefits from garden, large detached store (suit other uses), workshop, car port and enclosed driveway.

Both office/shop units currently let, always popular and in demand such is their position within the town, generating rental income of £4,800 per annum and £7,200 per annum. Flat let to family member albeit vacant possession available, accommodation always in high demand in the area with rental income of £7,200 per annum considered achievable. House currently owner occupied, vacant possession also available with rental income of £12,000 per annum considered achievable if let producing total rental income £31,200 per annum.

Freehold Guide Price £475,000 Ref: INV35982N