Mixed Use Investment Unit For Sale in Axminster, Devon, EX13

This property is marketed by:
Greenslade Taylor Hunt

Key Features

• A landmark building located in the heart of Axminster.
• Four let ground floor shops with six flats above which have been sold off on a long leasehold basis.
• The four shops currently produce an income of £28,581 per annum, which will increase to £29,181 from September 2026.
• The six sold off residential flats provide an income of £150 per annum with further potential income from extending the existing long leases.

Description

The property consists of four independently accessed commercial units at ground floor level and six residential flats above that have been sold off on a long leasehold basis. There is also parking to the rear of the property included within the title. The four shops are fully let and may further be described as follows:

Unit 1—The largest of the ground floor shops and neighbours Costa Coffee. This shop provides various sales areas, carpeted floors, a suspended ceiling grid in the main sales area and slatwall cladding on the majority of internal wall space. There are three sales areas and a partitioned off store area. A rear door provides access into the communal kitchen area, WCs and parking.

Unit 2— Is the smallest of the retail units providing an open plan display area with wooden effect flooring, a suspended ceiling with inset lighting and a partitioned off rear office/store. A rear door provides access into the communal kitchen area, WCs and parking with this property benefiting from a rear store.

Unit 3— A retail unit providing an open plan display area with a partial wooden effect floor with the rear area being rubber tile matting, category 2 lighting and spotlights. A rear door provides access into the communal kitchen area, WCs and parking with this property benefiting from a rear store.

Unit 4— This retail unit provides an open plan display area with wooden effect flooring, suspended ceiling grid with inset lighting. A rear door provides access into the communal kitchen area, WCs and parking with this property benefiting from a rear store.

Location

The property is located within the centre of Axminster, close to Trinity Square, which neighbours St Marys Church. The surrounding occupiers include Costa Coffee, Morton’s Pharmacy, The Tiffin Box and other independent businesses. Axminster is a historic market town in East Devon, known for its scenic countryside setting near the Jurassic Coast and its rich heritage, particularly as the birthplace of the famous Axminster carpets. The town offers good transport connectivity, lying on the A35 trunk road and served by a mainline railway station on the Exeter-London Waterloo line, making it easily accessible for both residents and visitors. Regionally, Taunton, the county town of Somerset, lies some 22.5 miles or so to the north, whilst, Exeter, the county town of Devon, is 27 or so miles away to the South.