Commercial property for sale in The Old Bell House, Victoria Place, Axminster, Devon EX13

Freehold income producing investment opportunity

Four well maintained shops with six sold off flats above.

Prominent and highly visible town centre position

Well established retail tenants

Potential for ongoing asset management to add value with the extension of lease term for residential flats

Total passing rent: £29,133 per annum

Guide price: £375,000

The property is located within the town centre close to a number of independent and national occupiers together with cafes, pubs, hotels, a pay and display car park as well as on street parking.

The market town of Axminster has a resident population of approximately 6,000 and benefits from a good rural catchment. Victoria Place forms part of the A358 being one of the main arterial roads through the town centre.

The property comprises an attractive period building arranged as four ground floor shops, six sold off flats above and parking to the rear. The ground floor shops are all fully let with established tenants and provide individual lock up shops with shared male and female w/c facilities and a kitchen area to the rear of the units.

The shops have their own separate electric and water supply.

To the rear there is a parking space for each shop occupier.

VAT will be applied at the standard rate where applicable.

Both parties to bear their own legal costs in the transaction.

An EPC is available for this property. Please contact the agent for further details.

For sale: Guide price: £375,000