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Four-bedroom mixed residential and commercial
Ottery Saint Mary, EX11 - Get Access
4 bed
3 bath
Description
A large and versatile three-storey, mid-terrace, mixed residential and commercial property located in the heart of the town centre. The property is arranged as two retail units with substantial storage including a roller shutter rear access door on the ground floor, while there are four self-contained flats above, with one having been sold away. The property currently generates a rental income stream of £27,000 per annum, whilst the vacant retail unit, once let, offers a significant increase in annual rental income, creating a high-yielding investment opportunity. Accommodation includes 14 Mill Street: a ground floor vacant retail unit comprising a main sales area and rear ancillary storage with a kitchenette and cloakroom/WC, featuring rear access onto Hind Street via a roller shutter door facing the Sainsbury's car park. 14A Mill Street is a ground floor retail unit trading as a travel agency with a main sales area, storage, and staff facilities. First floor: Flat C features a private entrance, kitchen, living room, bedroom, and bathroom/WC. Flat B has been sold off on a long lease. 8 Hind Street comprises a private entrance, kitchen, living room, bedroom, and bathroom/WC. 9 Hind Street offers a private entrance, kitchen, living room, two bedrooms, and bathroom/WC. The tenure is freehold subject to tenancies and with part vacant possession. Current commercial and residential tenancies generate a total of £27,400 per annum plus £10,500 once fully let.