Summary - Main Road, Exminster EX6 8DB
1 bed 1 bath Retail Property (out of town)
**Standout Features:**
- Mixed-use property with retail space and six residential flats
- Prime location on Main Road in the affluent village of Exminster
- Ground floor occupied by a Tesco convenience store, ensuring strong local customer base
- Two garages and ample parking available
- Close proximity to essential services and community facilities
**Potential Concerns:**
- Condition of the residential units and potential maintenance requirements
- No details provided on the state of the garages or the drainage system
This impressive mixed-use property on Main Road, Exminster, presents a unique investment opportunity with immense potential. Spanning an extensive 3,320 sq ft, the ground floor features a spacious retail unit housing a Tesco convenience store, catering to a loyal local clientele, providing a stable source of income. Above the commercial space, six self-contained residential flats offer flexibility and appeal to a diverse range of tenants, perfectly complementing the commercial operation below.
Located in a picturesque village just 4 miles from Exeter, Exminster blends the charm of a close-knit community with the convenience of nearby urban amenities. The property is surrounded by ample local amenities, including schools, parks, and recreational facilities, positioning it as an ideal investment for families and investors alike. The potential for future renovations or enhancements adds to this property’s allure, inviting you to envision the possibilities for increased rental income or community service.
Despite its many advantages, interested buyers should consider the current maintenance needs of the residential flats and the operational status of the two garages. With a current market price of £950,000 and a net initial yield of 7.40%, this is an investment worth serious consideration. Don't miss the chance to own a prime retail property in a community that values convenience and quality living.
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