Property for sale

West Street, Axminster EX13

For Sale by Auction – Handsome town centre mixed commercial and residential investment property.

For sale by Public Auction and via Livestream on Thursday 24th September 2026 at 2pm at The Digby Memorial Church Hall, Digby Road, Sherborne DT9 3NL. Register to bid in the room, online, by telephone or by proxy via our website.

The Property

Town centre investment property, commercial tenant paying £11,125pa. Please refer to the Auction Legal Pack regarding Ground Rent and Service Charge obligations on the four residential elements

Situation

Barely possible to be more centrally located in the bullseye heart of the town.

Services

Mains electricity, water, drainage and gas.
Superfast broadband and mobile coverage are available in the area.
Refer to Ofcom’s website for more details.

Tenure

The freehold is subject to a ten-year lease to Sequence (UK) Limited (trading as Fox and Sons Estate Agents). The current term ends in June 2027 with discussions, not yet formalised but well in hand, for a new five-year term at the same rent of £11,125 per annum. The freehold is also subject to 999 year leases of each of the four residential elements.

Directions

What3words
///lilac.fixtures.dignify

Local Authority

East Devon Council. Council Tax Bands :

Solicitors

Berensens Solicitors
Chard TA20 2AH

Rateable Value

£10,250 per annum.
It is likely that the property will benefit from small business rates relief subject to a qualifying occupation. Interested parties are advised to make their own enquiries with the Local Authority to ascertain the rates payable, if any.

Auctioneer's Note

The qualifying leaseholders having been served with their Section 5B Landlord and Tenant Act Notices have not reserved their rights under the legislation.