Fore Street, Topsham

DESCRIPTION A rare opportunity to acquire a substantial freehold mixed-use property occupying a prime position on Fore Street, in the heart of the highly sought-after estuary town of Topsham. The property comprises a ground floor commercial premises extending to approximately 333 sq ft together with a spacious two-bedroom maisonette arranged over the upper three floors, extending to approximately 684 sq ft. This versatile property presents an excellent opportunity for owner-occupiers, investors, or those seeking a live/work lifestyle.

The commercial unit comprises a generous retail space with excellent frontage onto Fore Street, providing a bright and flexible sales area suitable for a variety of commercial uses (subject to the necessary consents). The commercial premises also benefits from a cloakroom/WC, providing practical facilities for day-to-day business operations. To the best of the vendor's knowledge, there are no specific restrictions affecting its occupation or use.

The residential accommodation is accessed independently via its own private entrance. Upon entering, you are welcomed into a fitted kitchen before stairs rise to the first-floor accommodation. Here, there is a generous principal bedroom, a second bedroom which would also make an ideal nursery, home office or dressing room, together with a well-appointed family bathroom. Occupying the entire second floor is an impressive reception room, flooded with natural light and showcasing attractive period features, creating a wonderful living and entertaining space with an elevated outlook over the surrounding area.

Outside, the property benefits from an enclosed rear garden, featuring a patio area ideal for al fresco dining, with the remainder laid to garden along with a shed, providing a private outdoor retreat rarely found with properties in such a central town centre location. Depending upon the purchaser's intended use and management strategy, the garden could be allocated to either the commercial premises or the residential accommodation, offering additional flexibility and potential to enhance occupier appeal.

The property has most recently generated a combined rental income of £22,500 per annum from the commercial and residential elements, representing an attractive gross yield in excess of 6% at the appropriate asking price level.
 

LOCATION Occupying a prominent position on the bustling Fore Street, this property is situated in the very heart of Topsham, one of Devon's most sought-after estuary towns. Renowned for its rich maritime history and vibrant community, Topsham offers an excellent mix of independent boutiques, cafés, award-winning restaurants, traditional pubs and everyday amenities, all just moments from the doorstep.

The picturesque quayside and River Exe Estuary are a short stroll away, providing beautiful waterside walks, cycling routes and opportunities for sailing and other outdoor pursuits. Topsham also benefits from excellent transport links, including its own railway station with regular services to Exeter and Exmouth, while the M5 and A30 are easily accessible. The cathedral city of Exeter lies approximately four miles away, offering an extensive range of shopping, leisure and cultural facilities. 

AGENT NOTES To the best of the Vendors knowledge, they have advised the following: -
Tenure: Freehold
Council Tax Band: B
Council: Exeter City Council
Parking: On Street Permit Parking
Garden: Rear Garden
Electricity: TBC
Gas: TBC
Heating: TBC
Water supply: TBC
Sewerage: TBC
Broadband: Full Fibre Broadband available with upto 1600mbps download and up to 115 mbps upload
Mobile Signal: Several networks currently showing as available at the property including EE & Vodaphone

Please Note: We should advise that this property does have two flying freeholds to both neighbouring properties. Buyers are advised to seek their own independent legal advice and consult with a broker if finance is required.