Business for Sale in PAYHEMBURY, Devon COMMERCIAL INVESTMENT PROPERTY OPPORTUNITY

Key Information

Reference

INV36482N

Tenure

Freehold

Status

For Sale

Region

Devon

Sector

Investment Properties

Accommodation

No

Business Information

Recently constructed COMMERCIAL INVESTMENT PROPERTY OPPORTUNITY, comprising WORKSHOPS, OFFICES, and ancillary facilities. Enjoying an attractive countryside setting, situated within a popular sought after EAST DEVON village, yet easily accessible. Within easy reach of the M5 motorway network at CULLOMPTON, and the A30 at HONITON, both providing swift access to EXETER, with mainline railway stations and the airport also close by.

A stunning purpose-built property forming part of a larger development, constructed to the highest of standards, includes cavity wall insulation, photovoltaic roof panels, and air-source heat pump rustling in a superb EPC rating of ‘A’. Extending over 2 levels, configured to provide 2 ground floor workshops, first floor workshop, 3 first floor offices, communal kitchen and cloakroom facilities. Benefiting from 6 space car park complete with EV charging point and cycle storage rack.

Property currently fully let to a variety of tenants on easy flexible rolling rental agreements, producing a combined rental income of £16,080 per annum, considered low/favourable, potentially creating the opportunity for future increases. Additionally, with the building falling under property Class E, there may potentially be a future development opportunity for conversion to residential, considered a relatively straight forward task such is its construction and current layout.  

Freehold £275,000 + Vat Ref: INV36482N