Guide price
£325,000
(£140.45/sq. ft)
Property for saleThe Old Bell House, Victoria Place, Axminster, Devon EX13
2,314 sq. ft
About this property
A landmark building located in the heart of Axminster.
Four let ground floor shops with six flats above which have been sold off on a long leasehold basis.
The four shops currently produce an income of £28,581 per annum, which will increase to £29,181 from September 2026.
The six sold off residential flats provide an income of £150 per annum with further potential income from extending the existing long leases.
The four shops are fully let and may further be described as follows:
Unit 1-The largest of the ground floor shops and neighbours Costa Coffee. This shop provides various sales areas, carpeted floors, a suspended ceiling grid in the main sales area and slatwall cladding on the majority of internal wall space. There are three sales areas and a partitioned off store area. A rear door provides access into the communal kitchen area, WCs and parking.
Unit 2- Is the smallest of the retail units providing an open plan display area with wooden effect flooring, a suspended ceiling with inset lighting and a partitioned off rear office/store. A rear door provides access into the communal kitchen area, WCs and parking with this property benefiting from a rear store.
Unit 3- A retail unit providing an open plan display area with a partial wooden effect floor with the rear area being rubber tile matting, category 2 lighting and spotlights. A rear door provides access into the communal kitchen area, WCs and parking with this property benefiting from a rear store.
Unit 4- This retail unit provides an open plan display area with wooden effect flooring, suspended ceiling grid with inset lighting. A rear door provides access into the communal kitchen area, WCs and parking with this property benefiting from a rear store.
Mortgage calculator
£1,625 per month
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