* BEST & FINAL BIDS BY 4TH MARCH 2022. FOR FURTHER INFORMATION PLEASE CONTACT DAVID RHYS & CO *

Detached 3 bed house with panoramic sea views Two income producing shops with offices above, parking and garages.

Mixed use freehold investment.

* Rare opportunity to purchase a detached 3 bedroom house with
uninterrupted sea views.

* Part income producing detached commercial building comprising 2 ground
floor shops and self-contained offices above.

* 3 garages and private parking.

* House currently let on an assured shorthold tenancy at £15,000 per annum.

* 2 shops let at a total combined income of £13,000 per annum.

* Vacant first and second floor offices with potential for conversion to
residential accommodation (subject to planning).

The property is situated within the heart of the town centre with the shops and offices fronting Fore Street and Foreland the detached house overlooking the beach and sea.

FORELAND, 12A FORE STREET
Foreland is a well presented detached house with a unique position enjoying
panoramic coastal views over the beach and Lyme Bay. The main accommodation comprises 3 bedrooms (1 ground floor), 2 reception rooms, kitchen, sun balcony, bathroom, utility room and separate w/c. Outside there is a good sized rear garden which is on the level and has a southerly orientation and provides direct access to the coastal path. Gas fired central heating and double glazing are installed throughout and all main services are connected.

FORELAND, 12A FORE STREET
The property is let on an Assured Shorthold Tenancy at an annual rent of £15,000 per annum.

14, 14A & 14B FORE STREET
The property was a former Police Station with ancillary living accommodation
constructed in the middle of the last century. The accommodation is arranged on ground, first and second floors and traditionally constructed of brick cavity walls beneath a pitched tiled covered roof. Single storey back additions have a flat roof section behind the parapet walls.

The Tourist Information office relocated in October 2019 to the adjoining ground floor shop by way of a new lease and their shop was subsequently let to Gary Williams and Sarah Dunn trading as a residential letting and property management business. The first and second floors are accessed by a separate ground floor entrance from the rear and comprise well-presented offices with kitchen, w/c and meeting rooms. There is parking for 3 vehicles and 3 garages to the rear with vehicular and pedestrian access through a side passageway running been part of the first floor. There is a pedestrian right of access existing over the rear yard in favour of the adjoining property (highlighted in blue on the attached OS Plan).

14 FORE STREET (TOURIST INFORMATION CENTRE)
Let to Budleigh Salterton Tourist information Centre Limited for a term of 5 years from the 1st October 2019. The passing rent is £6,000 per annum and subject to review on a 3 yearly basis. The lease is drawn on an internal basis and the tenant contributes 20% towards service costs and building insurance. Alienation is permitted on both the assignment and subletting of the lease.

14 FORE STREET (GARY WILLIAMS & SARAH DUNN)
Let to Gary Williams and Sarah Dunn for a term of 7 years from 12th December 2020. The passing rent is £7,000 per annum and subject to review on a 5 yearly basis. The lease is drawn on an internal repairing basis and the tenant contributes 20% towards service costs and building insurance. In addition, the tenant will pay to the landlord 50% of all water charges for the building. Alienation is prohibited on both the assignment and subletting of the lease.

FIRST AND SECOND FLOOR OFFICES
The accommodation is vacant.

BUSINESS RATES & COUNCIL TAX ASSESSMENT

Shop (Tourist Information Centre) Rateable value: £4,700

Shop (Gary Williams & Sarah Dunn) Rateable value: £3,400

First & Second floor (Offices) Rateable value: £8,700

Foreland, 12A Fore Street Council Tax Banding: F

Budleigh Salterton is a popular and highly sought after seaside town
approximately 15 miles south of Exeter and situated within an area of
outstanding natural beauty. The town benefits from a good range of shopping facilities, a health centre, churches, library and museum. The Cathedral city and county town of Exeter lies approximately 15 miles in a westerly direction with Junction 30 linking to the M5 motorway and two mainline railway stations making it ideal for commuting. The area is well favoured with local schools of a high reputation and several well patronised golf courses readily accessible.


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