2 bed flat for sale

Bridge Street, Hatherleigh, Okehampton EX20

An excellent investment opportunity, this versatile freehold property offers a unique combination of commercial and residential accommodation within a single building, perfectly suited for investors. Conveniently located, the property is arranged over two floors and is currently let to two tenants who wish to remain, providing an attractive immediate return.

The ground floor is configured as a functional shop or office space, accessed via a shared entrance that leads into an inner lobby. From here, a spacious main reception area offers a bright and adaptable workspace, with a separate room currently used as a storage facility. Adjoining this are a further office and a well-appointed kitchen, with a rear lobby providing access to the cloakroom/WC. This practical layout ensures flexible usage, suitable for a variety of commercial activities, while providing comfortable facilities for staff.

Above, the first-floor apartment offers thoughtfully designed living accommodation. A landing with two storage cupboards leads to an open-plan living, dining, and kitchen area, perfect for modern living. The apartment includes a generous double bedroom and a sensible single bedroom, along with a bathroom/utility space, providing practical accommodation for tenants. The property is fully equipped with mains electric, water, and drainage, and benefits from electric heating throughout.

Set up for dual purposes, this property combines a thriving commercial unit with a well-maintained two-bedroom apartment, providing an immediate rental income. The apartment currently being rented out along with the shop it currently is delivering return of approximately 7.2 percent. The commercial rateable value is £2,900 per annum, payable by the tenant, with the residential element falling under Council Tax Band “A.”

This property represents an ideal opportunity for an investor seeking a property with two reliable tenants in situ, both of whom are keen to continue their tenancies.

Set within a convenient location with excellent access to local amenities, this property provides both immediate income and long-term potential, combining residential comfort with commercial versatility. Whether as an investment or a live/work opportunity, it is well-positioned to deliver both lifestyle and financial benefits to its new owner.

Hatherleigh is a historic market town in central Devon, known for its scenic location at the meeting point of the Rivers Lew and Torridge. With over a thousand years of history, the town features traditional architecture, including the famous Rams Head sculptures in the town square, and has a vibrant arts scene, with works from local artists decorating its streets.
The weekly Tuesday market is a highlight, where locals and visitors gather to shop and socialize. The town also hosts an annual carnival in November, featuring unique customs such as the burning of tar barrels and a jazz band procession. Situated along the Tarka Trail, Hatherleigh offers beautiful walking and cycling opportunities, with nearby Belvedere Castle providing panoramic views of Dartmoor and Exmoor.
With its rich heritage, active arts community, and regular cultural events, Hatherleigh offers a delightful mix of rural charm and modern life, making it an attractive destination for both residents and visitors.