Okehampton, Devon

Situated in the heart of Okehampton, 2 North Street is a versatile mixed-use property offering an exciting opportunity for both investors and owner-occupiers. The building comprises a spacious commercial unit on the ground floor, with two self-contained flats above, blending business potential with residential appeal.

The ground-floor commercial space benefits from a prominent position on North Street, ensuring excellent visibility and steady footfall. Its generous layout provides flexibility for a variety of business uses, whether retail, office, or hospitality, and the space is well-proportioned to accommodate both customers and staff comfortably. The commercial unit currently rents for £550 per calendar month, providing a stable income stream.

Above the commercial unit, two flats offer practical and comfortable living accommodations. Each flat is accessed via a separate entrance, providing privacy and security for residents. Flat A is currently let at £500 per month, and Flat B at £600 per month, generating reliable rental income. Combined with the commercial unit, the property produces an annual rental income of £19,800, representing a strong return and excellent income potential for investors.

Okehampton itself is a thriving market town in Devon, with a strong sense of community and excellent local amenities. Shops, cafes, schools, and transport links are all within easy reach, and the town enjoys good connectivity to the A30, allowing straightforward access to Exeter and beyond. This makes 2 North Street an attractive proposition for those looking to combine work and home life, or for investors seeking a property with multiple income streams in a prime location.

In summary, 2 North Street represents a rare opportunity to acquire a mixed-use property in a central town location. The combination of a versatile ground-floor commercial unit with two residential flats above offers flexibility, security, and significant income potential. Whether you are an investor looking for established rental possibilities or a business owner seeking a central base with added residential benefit, this property presents a compelling proposition in the heart of Okehampton.

Nestled on the northern edge of Dartmoor, Okehampton is a charming Devon market town that blends rural beauty with modern convenience. Often called the “Gateway to Dartmoor,” it is surrounded by rugged moorland and rolling countryside, making it a haven for nature lovers and outdoor enthusiasts.

The town offers a vibrant community atmosphere and a wide range of amenities. Alongside independent shops, cosy cafés, and a historic market, Okehampton also has several supermarkets including a Waitrose. The recently reopened Okehampton railway station offers direct train services to Exeter, connecting residents and visitors to the wider region with ease.

Okehampton also has excellent local schools, a community hospital, and a strong sense of local pride. With easy access to Exeter and the A30, the town blends the tranquility of rural life with the convenience of city connections. For those seeking a balance between countryside charm and modern amenities, Okehampton offers an ideal lifestyle with the wild beauty of Dartmoor right on its doorstep.