FREEHOLD INVESTMENT/DEVELOPMENT OPPORTUNITY

Substantial FREEHOLD INVESTMENT PROPERTY OPPORTUNITY with additional land and buildings offering potential DEVELOPMENT SITE subject to obtaining planning permissions/consents.

Centrally positioned within the popular EAST DEVON town of OTTERY ST MARY, lying just off the main ‘Square’, surrounded by other businesses and residential areas, the town being within easy reach of EXETER, and popular coastal destinations.

A substantial site, host to several buildings, includes substantial main building, extending over 3 floors, currently trading as a newsagent with the upper floors not currently utilised. To the rear, accessed from the main street, additional 2 storey vacant building, plus outbuildings, all within enclosed walled garden area offering numerous opportunities.

Commercial Lease currently in place in respect of the newsagent only, currently producing rental income of £10,488 per annum, subject to 3 yearly reviews and being linked to RPI. Remaining elements of the site unused.

Freehold £195,000 Ref: INV/DEV36166N