Summary - 1-2, THE STRAND EX8 1AB
1 bed 1 bath Commercial Development
Freehold mixed‑use terrace with retail income and asset management potential.
Prominent corner location with strong main-street frontage and high pedestrian visibility
Two income-producing ground-floor retail units; established rental income
Five residential flats above sold on long leasehold (income separate)
Riverside town-centre setting close to marina, transport and national occupiers
High flood risk; buyers must consider flood mitigation and insurance costs
Area shows very high crime and local deprivation — factors for tenants/users
No internal floor areas or full condition details provided; allow refurbishment budget
Freehold title with asset-management upside from retail reversionary leases
This mixed‑use freehold sits on a prominent corner at The Strand, Exmouth, immediately adjacent to Memorial Square and the River Exe mouth. The building delivers two ground‑floor retail units producing income, with five upper‑floor flats sold on long leaseholds, making it a straightforward income asset in a busy town‑centre location.
Key positives are the strong main‑street frontage, high pedestrian visibility and proximity to national occupiers, transport links and marina amenities. The riverside/town‑centre setting supports retail, leisure or office uses and offers active asset management opportunities from prominent shopfronts and reversionary retail leases.
Material drawbacks are clear: the area shows high crime levels and deprivation, and the site is in a high flood‑risk zone. Important technical details are not provided — no internal floor areas, limited condition information and lease lengths/tenant covenants are not visible — so buyers should allow time and budget for due diligence and possible refurbishment.
Suitable principally for investors seeking a town‑centre income purchase with short‑to‑medium term asset management potential. The property’s coastal location and established retail tenants support resilience in footfall, but negotiate with a clear plan for flood mitigation, tenant review and any residential upgrade works.
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