Mixed use for sale

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Mixed use for sale

Main Road, Exeter EX6
£595,000

Price History

Initial price £650,000
20/11/24 £595,000
Price Change -8.46%

Description

Seaton House is a prominent roadside property in the village of Exminster, situated near the Exeter Ship Canal and River Exe. The property comprises three ground floor commercial units, including an aesthetics/beauty clinic, a care agency office, and a bakery/coffee shop, as well as three self-contained residential flats. The property has been recently refurbished and is presented in excellent condition. The commercial units are let on occupational leases, while the flats are let on Assured Shorthold Tenancies, generating a total annual income of £54,688. The property benefits from a strong income stream, with a good spread of investment returns and minimal void risk. The village has a range of amenities, including a primary school, two pubs, and a pharmacy, and is conveniently located for transport links, including the M5 motorway and links into Exeter. The property is for sale freehold, subject to the occupational leases and ASTs.