SOLD : Freehold Commercial Property, Devon – Marketing Price £500,000

  • Substantial and highly visible three storey corner premises occupying enviable town centre position at the junction of The Strand and Victoria Road
  • The property provides ground floor retail accommodation for two shops (with associated storage and a workshop) and offices on the floors above
  • Shops and three, multi-room office units let on secure leases – whilst eight other rooms are used as serviced office accommodation
  • £56,474 rent received (y/e 30th June 2014) of which £42,100 from leased units and £14,374 from serviced offices
  • Real scope to considerably increase rent income (via long overdue rent reviews and use of some vacant offices)
  • Rare and attractive opportunity for an investor to acquire Exmouth town centre property
  • Enticingly priced to encourage early sale