Summering Close, Okehampton, Devon

An excellent investment opportunity, this versatile freehold property offers a unique combination of commercial and residential accommodation within a single building, perfectly suited for investors, owner occupiers, or those seeking future development potential. Conveniently located, the property is arranged over two floors and is currently configured with a commercial premises to the ground floor and a residential apartment above. The first-floor tenant is happy to remain in situ, while the current ground-floor tenant has given notice and is due to vacate shortly, meaning the commercial space will soon be available for occupation or re-letting.

The ground floor is configured as a functional shop or office space, accessed via a shared entrance leading into an inner lobby. From here, a spacious main reception area offers a bright and adaptable workspace, with a separate room currently utilised as storage. Adjoining this are a further office and a well-appointed kitchen, while a rear lobby provides access to the cloakroom/WC. The layout lends itself well to a variety of commercial uses and offers an exciting opportunity for an owner occupier seeking business premises with residential accommodation above. Equally, subject to any necessary consents and approvals, the ground floor may offer potential for conversion into additional residential accommodation, enhancing the long-term versatility and value of the property.

Above, the first-floor apartment offers thoughtfully designed living accommodation. A landing with two storage cupboards leads to an open-plan living, dining, and kitchen area, ideal for modern day living. The apartment includes a generous double bedroom and a comfortable single bedroom, along with a bathroom/utility space, providing practical and appealing accommodation for tenants. The property is fully equipped with mains electric, water, and drainage, and benefits from electric heating throughout.

With the upper floor remaining tenanted and the ground floor becoming vacant in due course, the property presents a rare degree of flexibility. Purchasers may wish to continue as a mixed-use investment, occupy the commercial premises themselves while retaining rental income from the apartment above, or explore alternative uses for the ground floor, subject to the relevant permissions.

The commercial rateable value is £2,900 per annum, payable by the tenant when occupied, while the residential element falls under Council Tax Band “A.”

Set within a convenient location with excellent access to local amenities, this property provides both immediate income and exciting future potential, combining residential comfort with commercial versatility. Whether as an investment, a live/work opportunity, or a project with scope for enhancement, it is well-positioned to deliver both lifestyle and financial benefits to its new owner.

The property is situated towards the eastern edge of Okehampton town, within the ever so popular Meldon Fields development.

The town offers an extensive range of shops, services and facilities. There are three supermarkets (including a Waitrose) a range of nationally and locally owned shops and businesses, together with a modern hospital and leisure centre in the attractive setting of Simmons Park.

There is schooling from infant to sixth form level with the college rated 'Outstanding' by Ofsted. The Dartmoor National Park offers hundreds of square miles of superb unspoilt scenery.

From Okehampton there is direct access to the A30 dual carriageway providing a link to the city of Exeter with its M5 motorway, main line rail and international air connections. The countryside around Okehampton is particularly attractive with many opportunities for riding, walking and outdoor pursuits.