Property photos
Leasehold
£650,000
Property for sale
Alfington, Devon EX11Local area information
Property location
Nearby amenities
- Feniton Church of England Primary School 1.4 miles
- Feniton 1.5 miles
- Ottery St Mary Primary School 1.6 miles
- Honiton 3.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Leasehold
Highly profitable investment property opportunity, comprising approx. 1⁄2 acre site, host to some 22 income producing workshop/storage units, utilised for a variety of trades, Class B8 (Storage & Distribution) and Class E (Light Industry) held, all units benefiting car parking facilities.
Occupying easily accessible discreet trading position within east devon village, enjoying pleasant setting twixt honiton and ottery st mary, benefits from direct main road access, close A30 dual carriageway, approx. 2 minutes’ drive. Ensures swift access to exeter plus airport & mainline railway.
A unique site offering additional opportunities to include potential development subject to obtaining the necessary planning consents. Includes several buildings divided into workshop/storage units, the majority at ground floor level, only 2 at first floor, additional land, all centred around courtyard offering car parking.
Units currently let on ‘easy in easy out terms’, always in demand when they become available, rent roll when fully let - £111,600 per annum, offering potential 17% yield based on asking price with minimal overheads. Option to Lease, still proving most profitable after payment of rent for whole site.
Freehold £650,000 orLeasehold £No Ingoing Premium, Ref: M36394N
Occupying easily accessible discreet trading position within east devon village, enjoying pleasant setting twixt honiton and ottery st mary, benefits from direct main road access, close A30 dual carriageway, approx. 2 minutes’ drive. Ensures swift access to exeter plus airport & mainline railway.
A unique site offering additional opportunities to include potential development subject to obtaining the necessary planning consents. Includes several buildings divided into workshop/storage units, the majority at ground floor level, only 2 at first floor, additional land, all centred around courtyard offering car parking.
Units currently let on ‘easy in easy out terms’, always in demand when they become available, rent roll when fully let - £111,600 per annum, offering potential 17% yield based on asking price with minimal overheads. Option to Lease, still proving most profitable after payment of rent for whole site.
Freehold £650,000 orLeasehold £No Ingoing Premium, Ref: M36394N
More information
Listed by
Everett Masson & Furby
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