Summary - Flat 1, 1, High Street, EXMOUTH EX8 1NN
5 bed 4 bath Commercial Property
High-street investment with immediate rental income and refurbishment potential.
Victorian high-street commercial frontage with wide open-plan trading area
A mixed-use investment on Exmouth High Street offering immediate rental income from a ground-floor café/children’s play space and four self-contained flats above. The commercial unit has a wide Victorian frontage and generous open-plan trading area currently configured as a café, play zone and gaming area. Residential accommodation comprises a studio to the rear and three upper-floor flats. The property is freehold and sold subject to existing tenancies.
Current income is provided by a commercial tenant holding over and four assured shorthold tenancies, producing headline monthly rents of £3,550 (c. £42,600 pa). EPCs vary across the building: commercial B, residential units range C–D — some units may need efficiency improvements. Broadband is fast and mobile signal is excellent, supporting modern businesses and tenants.
Material risks for buyers: the property is offered at auction (binding contract on fall of hammer) and sold subject to tenancies — check the legal pack for security of tenure and any tenant protections. The area records very high crime and is in a deprived ward, which may affect lettings and insurance costs. Outdoor space is small and plot size is limited, reducing scope for expansion.
This lot suits an investor seeking a high-street mixed-use asset with immediate income and potential to add value through active management, lease renegotiation or EPC improvements. Ensure you review tenancy agreements, the commercial tenant’s holding-over status, any vacant possession prospects, and costs arising from location-specific insurance or management before bidding.
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