Silver Street, Ottery St Mary, Devon

This impressive double-fronted property presents an outstanding investment opportunity, offering strong and diversified income streams. The building comprises a successful ground floor retail unit together with two well-presented, two-bedroom apartments above. All units are fully tenanted, providing immediate and reliable income. The commercial premises are occupied by a well-established and thriving business, benefiting from excellent visibility and consistent footfall, ensuring a dependable rental return. The residential apartments are both spacious and in continual demand, further enhancing the overall stability and attractiveness of the investment.

All services to the property are fully separated, allowing for straightforward management, individual billing, and flexibility for future resale or refinancing.

Financially, this asset represents a high-performing investment, with the potential to deliver returns significantly exceeding those of traditional savings. Combining security, convenience and strong income potential, this is an exceptional opportunity for investors seeking a resilient and rewarding addition to their portfolio. Ottery St Mary, located in the heart of Devon, is a charming and historic town renowned for its picturesque surroundings and welcoming community atmosphere.

The town benefits from excellent transport links, with convenient access to the A303 and the M5 motorway, making commuting and travel straightforward. It also offers highly regarded local schools, making it particularly attractive to families. A strong sense of community is reflected in its regular events, independent shops, cafés and local amenities. Surrounded by beautiful countryside yet well connected, Ottery St Mary provides an ideal balance of rural charm and modern convenience, appealing to both residents and investors alike. This investment has been owner-operated for many years and is now being offered to the market due to the owners relocating abroad. The ground floor retail unit is occupied by a well-regarded and established business specialising in cobbling, key cutting and engraving — a niche and resilient trade with a strong local reputation. The tenant has recently renewed their lease, providing further security of income.

The two residential apartments are occupied by reliable tenants who pay regularly and on time, contributing to the overall stability of the investment.

The property has been well maintained throughout and benefits from an up-to-date fire alarm system, compliant with current regulations. A new roof has also been installed recently, and the property is now offered in a turnkey condition, ideal for investors seeking a secure and low-maintenance asset.

Accommodation (brief overview)

Retail Unit

A beautifully presented double-fronted premises with a recessed entrance leading into:

Retail Area (6.31m x 4.51m)
A bright and spacious open-plan shop with high ceilings and large display windows on either side of the entrance, creating an inviting and airy retail environment.

Rear Store / Kitchenette (4.88m x 4.10m)
A generous open-plan space incorporating a kitchenette suitable for light food preparation and staff use. Includes rear access with door and window, ideal for deliveries and providing an emergency exit.

Residential Apartments
A separate entrance to the right-hand side of the retail unit leads into a spacious ground floor hallway, complete with a large storage cupboard and a wall-mounted fire alarm system serving the building.

Flat B (First Floor)
Lounge / Kitchen / Dining Area
A generously sized open-plan living space with a modern fitted kitchen, comprising a range of base and wall units and contemporary appliances. Large front-facing windows provide excellent natural light.

Bedroom 1
Double bedroom with side aspect window.

Bedroom 2
Double bedroom with side aspect window.

Bathroom
Modern shower room with large cubicle, WC and wash hand basin.

Flat C
Lounge / Kitchen / Dining Area
Spacious open-plan living area with a modern fitted kitchen and ample storage units. Large windows to the front create a bright and welcoming environment.

Bedroom 1
Double bedroom with side aspect window.

Bedroom 2
Double bedroom with side aspect window.

Bathroom
Well-appointed shower room with large cubicle, WC and wash hand basin.

Fixtures and Fittings
All trade fixtures and fittings are included in the sale, with the exception of the vendor’s personal items. A full inventory will be provided prior to exchange of contracts. Stock will be subject to valuation at completion.
Please note that no testing of fixtures, fittings or appliances has been undertaken by Ware Commercial.

Services
Mains electricity, water and drainage are connected. No testing of these services has been carried out by the agents.

Parking
There is no allocated parking with the property; however, there is ample free parking nearby, along with pay-and-display options.

Business Rates & Council Tax
Interested parties are advised to make their own enquiries via the Valuation Office Agency (VOA). The property currently benefits from Small Business Rates Relief.
Both residential apartments are assessed as Council Tax Band B.

Tenure
Freehold

Viewings
All viewings and enquiries are strictly by prior appointment through the sole agents:
Ware Commercial
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