Guide price
£295,000
(£61.38/sq. ft)
Property for saleWestern Flats And Ground Floor Restaurant, West Street, Axminster EX13
3 baths
3 receptions
4,806 sq. ft
EPC Rating: D
Just added
Freehold
About this property
For sale by Auction - 8th October 2026
Mixed-use investment property
Corner location in centre of Axminster
Gf commercial unit generating £22,500 rent pa
3 vacant flats with potential to generate a further £24,000 pa
New roof
Grade II Listed
For sale by Auction. A mixed use Investment property in central Axminster comprising ground floor restaurant and 3 flats above.
For sale by Public Auction and via Livestream on Thursday 8th October 2026 at 2pm at The Guildhall, Axminster, EX13 5NX. Register to bid in the room, online, by telephone or by proxy via our website.
The Property
The property comprises a prominent and recently re-roofed three storey, Grade II Listed mixed commercial and residential building located on the corner of Church Street and West Street in central Axminster.
The component parts include a ground floor commercial premises currently trading as the popular Belluno Italian Restaurant, with two dining rooms, a bar, commercial kitchen, WC's and a first floor office. The restaurant is let by way of a commercial lease for a 10 year term from 10 May 2023 at an annual rent of £22,500 on an internal repairing and insuring basis. We understand that there are no remaining tenant break clauses and that a five year rent review mechanism is written into the lease.
Flats 1,2 and 3 (to be sold with vacant possession) are accessed from the western elevation of the property. They are located above the restaurant on first and second floors. Flat 1 is a spacious 2 bedroom apartment on the first floor, Flat 2 is a one bedroom apartment situated on the second floor, with a mezzanine bedroom extension and Flat 3 is a one bedroom apartment on the second floor. The flats are partly-refurbished and require some further modernisation. The erv of the apartments, once refurbishment is complete is estimated to be approximately £24,000 per annum.
Situation
The property is immediately south of Church Green in a prominent position on a corner plot in the centre of Axminster, an established market town in East Devon. The town is strategically located near the Devon–Dorset border and serves a wide rural catchment. Axminster benefits from a mainline railway station with direct services to Exeter and London Waterloo, together with good road access via the A35 and A358. Axminster supports a mix of independent retailers, national operators and professional services, with regular market days generating additional footfall.
Directions
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Services
Mains water, electricity, gas and drainage is generally independent other than a split mains water supply to Flats 2 & 3, although they each have a sub meter. There is a landlord's/cleaner's cupboard off the first floor landing and a landlord's electricity meter covering the common areas.
Local Authority
East Devon District Council
Tel: Business Rates: Rv £16,000
Council Tax:
Flat 1 - Band B
Flat 2 & 3 - Band A
Energy Performance Certificates
Ground Floor Restaurant - C (67)
Flat 1 - D (65) Potential C (76)
Flat 2 - E (48) Potential C (78)
Flat 3 - D (60) Potential D (65)
Solicitor
Wbw Solicitors
Axminster EX13 5HU
Tel : Email :
For sale by Public Auction and via Livestream on Thursday 8th October 2026 at 2pm at The Guildhall, Axminster, EX13 5NX. Register to bid in the room, online, by telephone or by proxy via our website.
The Property
The property comprises a prominent and recently re-roofed three storey, Grade II Listed mixed commercial and residential building located on the corner of Church Street and West Street in central Axminster.
The component parts include a ground floor commercial premises currently trading as the popular Belluno Italian Restaurant, with two dining rooms, a bar, commercial kitchen, WC's and a first floor office. The restaurant is let by way of a commercial lease for a 10 year term from 10 May 2023 at an annual rent of £22,500 on an internal repairing and insuring basis. We understand that there are no remaining tenant break clauses and that a five year rent review mechanism is written into the lease.
Flats 1,2 and 3 (to be sold with vacant possession) are accessed from the western elevation of the property. They are located above the restaurant on first and second floors. Flat 1 is a spacious 2 bedroom apartment on the first floor, Flat 2 is a one bedroom apartment situated on the second floor, with a mezzanine bedroom extension and Flat 3 is a one bedroom apartment on the second floor. The flats are partly-refurbished and require some further modernisation. The erv of the apartments, once refurbishment is complete is estimated to be approximately £24,000 per annum.
Situation
The property is immediately south of Church Green in a prominent position on a corner plot in the centre of Axminster, an established market town in East Devon. The town is strategically located near the Devon–Dorset border and serves a wide rural catchment. Axminster benefits from a mainline railway station with direct services to Exeter and London Waterloo, together with good road access via the A35 and A358. Axminster supports a mix of independent retailers, national operators and professional services, with regular market days generating additional footfall.
Directions
What3words///engulfing.ounce.dumpling
Services
Mains water, electricity, gas and drainage is generally independent other than a split mains water supply to Flats 2 & 3, although they each have a sub meter. There is a landlord's/cleaner's cupboard off the first floor landing and a landlord's electricity meter covering the common areas.
Local Authority
East Devon District Council
Tel: Business Rates: Rv £16,000
Council Tax:
Flat 1 - Band B
Flat 2 & 3 - Band A
Energy Performance Certificates
Ground Floor Restaurant - C (67)
Flat 1 - D (65) Potential C (76)
Flat 2 - E (48) Potential C (78)
Flat 3 - D (60) Potential D (65)
Solicitor
Wbw Solicitors
Axminster EX13 5HU
Tel : Email :
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