Ottery Saint Mary

Description

A substantial building made up of a mix of commercial and residential units to combine as a unique investment / development opportunity. The development opportunity offers potential to convert existing office space (STP). Drawings have been created to show this potential.

1 Silver Street is an existing commercial property creating an excellent investment, with potential to convert the upper floors into residential accommodation (STP) indicative plans have been drawn up to highlight this potential. The main building is currently configured to provide shop, offices, and storage, with an additional detached building and courtyard. The current rent roll is £12,600, with scope to increase once tenants vacate, if converted.

3 Silver Street is configured to provide ground floor commercial retail unit, first floor 2 bedroom flat and second floor 2 bedroom flat. All are self-contained with separate services and proving very popular with tenants, a total rent roll of £23,760 per annum is achievable.

Situation

Ottery St Mary is a town in the East Devon district of Devon, about 10 miles east of Exeter conveniently linked by the A30. The town takes its name from the River Otter on which it stands. The town comprises several independent shops. An area known as 'The Square', is the heart of the town where there are pubs, restaurants, coffee and tea rooms as well as the locally highly regarded Kings School.

Directions

Coming into Ottery from the A30 travel down the B3174, past the hospital and Finnimore trading estate on your left. As the road bends round to the left, continue on Mill Street until you get to the traffic lights at St Anthony’s Church. At the traffic lights take a left turn onto Canaan Way, then take the first right onto Hind Street. At the end of the road take a left into the square and then left again onto Gold Street. The property is then on your left hand side.