Hayes End, West Hill, Ottery St. Mary, EX11
A mixed residential and commercial investment in the City Centre of Exeter, comprising a long leasehold shop, 6 bed student HMO and car parking spaces.
Ground Floor Shop:
Let on a 10 year full repairing lease with a 5 year break clause at a passing rent of £4,500 per annum.
Approximately 4 years left before break clause can be exercised.
Maisonette (6 bed student HMO):
Currently used as a successful student investment and already let for the 2020/21 academic year, generating an income of £37,158.
This spacious, period end terraced property is laid out over two floors with the large sitting room, kitchen, toilet and two bedrooms on the first floor. There are four bedrooms on the second floor and two bathrooms. All the bedrooms are a good size and the property is well presented.
Winkworth have let the property to students over a number of years and the property is always well
sought after by students due to its location.
Outside there is a small access way / courtyard area that gives access to the maisonette.
To the rear of the property is 3 car parking spaces
that are let out at a passing rent of £3,000 per annum.
Offers over £950,000 Freehold
Offers over £725,000 Freehold
Offers in excess of £600,000