Mixed use investment opportunity
Mixed use investment opportunity
Four longstanding commercial tenants, one vacant unit
One residential tenant
Price: £750,000
Current rent £42,975 p.a. with substantial reversionary uplift
Situated adjacent to Eggesford Railway Station and the A377, both of which connect to Exeter, 21 miles to the south east, and Barnstaple, 19 miles to the north west. Bus stop adjacent to site.
Eggesford Station is located in a scenic area of Mid Devon, in the valley of the River Taw. Being mid-way between the largest town in Mid Devon and the city of Exeter, Eggesford Station is a regional hub for commuters, and the nearby Fox and Hounds Country Hotel draws visitors to the area. The Tarka Line railway has nearly 1 million passengers a year and Eggesford, being a passing point on the line, has potential for further development.
The site comprises:-
- Unit 2: a new-build, two-storey unit, nearing completion.
- Unit 3: a former railway store, converted to use as a cafe with terrace for outdoor seating.
- Unit 4: Steel portal frame workshop building with profile metal cladding and concrete block walls.
Currently divided to form two units, of which Unit 4b currently trades as a farm shop.
- Unit 5: Steel portal frame workshop building with profile metal cladding and two roller-shutter
doors.
- Pear Tree House: detached, two-storey house with small garden, patio area and two parking spaces.
- Ancillary buildings: a pump house housing water system pumps and filtration systems, and a toilet
block comprising portable building.
- External parking and access areas, plus land suitable for creation of secure yard areas. Also
portacabin toilet block and pump house and borehole for water
VAT will be applied at the standard rate where applicable.
Both parties to bear their own legal costs in the transaction.
EPC for the property are as follow.
Unit 3B
Unit 4bC
Unit 5D
Please contact the agent for further details.
Four commercial tenancies, all on short-term Law Society leases in personal names. Rents exclusive of all service charge costs.
Unit 3 (cafe): Term to 29th November 2027, rent £10,800 p.a. exclusive rising to £12,420 p.a. from 30/11/2025.
Unit 4a (storage): Term to 31st December 2025, rent £4,800 p.a. exclusive
Unit 4b (farm shop): Term to 30th August 2027, rent £6,000 p.a. exclusive rising to £8,200 p.a. from 1/9/2025.
Unit 5 (workshop): Term to 31st December 2026, rent £9,075 p.a. exclusive.
Pear Tree house is let on an Assured Shorthold Tenancy for a term to 11th April 2026 at a rent of £1,025 per month.
Aggregate passing rent therefore £42,975 p.a. exclusive rising to
£46,795 p.a. by December 2025.
Key Features
- Mixed use investment opportunity
- Four longstanding commercial tenants, one vacant unit
- One residential tenant
- Current rent £42,975 p.a. with substantial reversionary uplift
- Price: £750,000
( Agency Pilot Software ref: 4454 )
