MIXED RETAIL AND COMMERCIAL PROPERTY
1 High Street, Exmouth, EX8 1NN
- 1
Key features
Guide Price: *
£395,000
Fees apply
Buyer's fee:£3,600
All fees include VAT at 20%
Holding Deposit: *£1,400
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Opening bid:
£395,000Bid history
0 bidsA fantastic mixed commercial and residential investment property briefly comprising a ground floor cafe/childrens play space/gaming zone retail premises with flat to rear and a further three flats at first floor level. This deceptively large, extended, two storey, mid-terrace, property represents a great example of a well-run lettings vehicle and as such will appeal to a multitude of investor landlords on the lookout for a high-yielding rent machine.
ACCOMMODATION
COMMERCIAL
Ground floor: Cafe/childrens play space, leading to gaming zone, cloakroom/WC's.
RESIDENTIAL
Ground floor (to rear)
FLAT 4: Hall, bed/living room, kitchen, shower room/WC.
First floor
FLAT 1: Reception hall, kitchen, living room, bathroom/WC (stairs leading to SECOND FLOOR), two bedrooms.
FLAT 2: Hallway with utility cupboard, kitchen/living room, bedroom with en-suite shower room/WC.
FLAT 3: Hallway, kitchen, living room ,bedroom with en-suite shower room, cloakroom/WC.
TENURE
Freehold subject to tenancies.
TENANCIES
COMMERCIAL
Tenant holding over from an original lease dated from 8th November 2019 to 7th November 2020. The currents rents reserved are £625 per calendar month. Please refer to legal pack for security of tenure clause information.
RESIDENTIAL
FLAT 1: Let on assured shorthold tenancy agreement dated from 27th March 2018 with current rents reserved of £775 per calendar month.
FLAT 2: Let on assured shorthold tenancy agreement dated from 2nd September 2025 with current rents reserved of £725 per calendar month.
FLAT 3: Let on assured shorthold tenancy agreement dated from 14th February 2024 with current rents reserved of £825 per calendar month.
FLAT 4: Let on assured shorthold tenancy agreement dated from 1st November 2024 with current rents reserved of £600 per calendar month.
EPC's
Commercial rating: B.
Residential ratings: Flat 1: D; Flat 2: D; Flat 3: C; Flat 4: D.
WHAT3WORDS
///stove.third.rewarding
BROADBAND & MOBILE COVERAGE
Broadband: Ultrafast available
Mobile: Likely inside. Likely outside.
Source: ofcom.org.uk
VIEWINGS
Please call on 01395 247000 to book into one of the scheduled block appointments.
IMPORTANT INFORMATION
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.
AUCTION LEGAL PACK & FINANCE
Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal, planning and finance enquiries prior to the auction.
PRICE INFORMATION
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve price (a figure below which the Auctioneer cannot sell the Lot during the Auction). This reserve figure cannot be higher than 10% above a single figure guide. Please check our website regularly at www.247propertyauctions.co.uk or contact us on 01395 247000 for up to date information. Following the fall of the hammer contracts are exchanged and there is no going back!
A fantastic mixed commercial and residential investment property briefly comprising a ground floor cafe/childrens play space/gaming zone retail premises with flat to rear and a further three flats at first floor level. This deceptively large, extended, two storey, mid-terrace, property represents a great example of a well-run lettings vehicle and as such will appeal to a multitude of investor landlords on the lookout for a high-yielding rent machine.
ACCOMMODATION
COMMERCIAL
Ground floor: Cafe/childrens play space, leading to gaming zone, cloakroom/WC's.
RESIDENTIAL
Ground floor (to rear)
FLAT 4: Hall, bed/living room, kitchen, shower room/WC.
First floor
FLAT 1: Reception hall, kitchen, living room, bathroom/WC (stairs leading to SECOND FLOOR), two bedrooms.
FLAT 2: Hallway with utility cupboard, kitchen/living room, bedroom with en-suite shower room/WC.
FLAT 3: Hallway, kitchen, living room ,bedroom with en-suite shower room, cloakroom/WC.
TENURE
Freehold subject to tenancies.
TENANCIES
COMMERCIAL
Tenant holding over from an original lease dated from 8th November 2019 to 7th November 2020. The currents rents reserved are £625 per calendar month. Please refer to legal pack for security of tenure clause information.
RESIDENTIAL
FLAT 1: Let on assured shorthold tenancy agreement dated from 27th March 2018 with current rents reserved of £775 per calendar month.
FLAT 2: Let on assured shorthold tenancy agreement dated from 2nd September 2025 with current rents reserved of £725 per calendar month.
FLAT 3: Let on assured shorthold tenancy agreement dated from 14th February 2024 with current rents reserved of £825 per calendar month.
FLAT 4: Let on assured shorthold tenancy agreement dated from 1st November 2024 with current rents reserved of £600 per calendar month.
EPC's
Commercial rating: B.
Residential ratings: Flat 1: D; Flat 2: D; Flat 3: C; Flat 4: D.
WHAT3WORDS
///stove.third.rewarding
BROADBAND & MOBILE COVERAGE
Broadband: Ultrafast available
Mobile: Likely inside. Likely outside.
Source: ofcom.org.uk
VIEWINGS
Please call on 01395 247000 to book into one of the scheduled block appointments.
IMPORTANT INFORMATION
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.
AUCTION LEGAL PACK & FINANCE
Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal, planning and finance enquiries prior to the auction.
PRICE INFORMATION
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve price (a figure below which the Auctioneer cannot sell the Lot during the Auction). This reserve figure cannot be higher than 10% above a single figure guide. Please check our website regularly at www.247propertyauctions.co.uk or contact us on 01395 247000 for up to date information. Following the fall of the hammer contracts are exchanged and there is no going back!
Summary
- Auction end
- 8th Oct at 11:00
- Property type
- Terraced
- Tenure
- Freehold
- Bedrooms
- 5
- Bathrooms
- 4
- Council tax band
- Ask Agent
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Proptech and 247 Property Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
Refreshing the Page
To make sure that you are seeing the latest information for the property, we recommend you refresh the page. This ensures you're seeing live information and not stored (cached) data. If the page disconnects from the Internet, refreshing the page will show the latest information.
Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by 247 Property Auctions. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Proptech or any individual in employment with Bamboo Proptech makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
