Summary - Flat 1, 1, High Street, EXMOUTH EX8 1NN
5 bed 4 bath Commercial Property
Multi-let investment with street-front café and four flats.
Street-front commercial unit configured as café/play space and gaming zone
Four self-contained flats plus studio flat — five beds total
Proven rental income; commercial tenant currently holding over
Mixed EPCs (Commercial B; Residential C–D) — possible energy upgrades needed
Small paved rear yard; limited outdoor space for flats
Located in a deprived area with very high local crime statistics
Freehold sold subject to existing tenancies — check security of tenure
Deceptively deep Victorian plan offers conversion/optimisation potential
This mixed commercial and residential freehold on Exmouth High Street is presented as a multi-let investment with immediate rental income. The ground floor trading area currently operates as a café/children’s play and gaming zone with a large street-facing frontage; four self-contained flats occupy the rear and upper floors. The property benefits from a deceptively deep plan and Victorian character, creating multiple lettable units in a compact footprint.
Rents are in place across the suite: the commercial unit is held over from an original lease and the four flats are let on assured shorthold tenancies, providing an income stream from day one. EPC ratings vary between units (commercial B; residential C–D) which is typical for older mixed-use buildings and may influence future letting and energy improvement costs.
Practical considerations for investors: the area is classified as deprived with very high local crime levels, and the building sits on a small rear yard with limited external space. Several flats have mid/low EPC bands and the commercial tenant is holding over, so purchasers should review tenancy terms, security of tenure and planned capital expenditure. The property suits investors seeking a compact, yield-focused asset with scope for managed upgrades and active asset management.
Overall this is a ready-made rental vehicle on a busy high street with diverse local amenities, good connectivity and proven income. Buyers should factor in tenant status, EPC improvement needs and the local socio-economic profile when assessing future returns.
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