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The Old Bell House Victoria Pl 2,314 sq ft 82% Let Retail Property Axminster EX13 5NQ £300,000 (£129.65/sq ft) 9.58% Net Initial Yield



Investment Highlights
- A landmark building located in the heart of Axminster
- The four shops currently produce an income of £28,581 per annum, which will increase to £29,181 from September 2026.
- Four let ground floor shops with six flats above which have been sold off on a long leasehold basis
- The six sold off residential flats provide an income of £150 per annum with further potential income from extending the existing long leases.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
2,314 sq ft
Costar Property Class
B
Year Built
1901
Price
£300,000
Price per sq ft
£129.65
Yield
9.58%
NOI
£28,740
Occupancy Rate
82%
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.33
Total Plot Size
0.16 ac
Frontage
49 ft on West Street
Amenities
- EPC - C
Space Availability
- Space
- Size
- Space Use
- Position
- Available
A new effectively full repairing and insuring lease, terms to be negotiated. Rent - £6,000 per annum, exclusive. A town centre lock up shop comprising retail area, shared rear passage, kitchenette area and WCs and separate rear store.
| Space | Size | Space Use | Position | Available |
| 3 | 310 sq ft | Restaurant | In-Line | Now |
3
| Size |
| 310 sq ft |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3
| Size | 310 sq ft |
| Space Use | Restaurant |
| Position | In-Line |
| Available | Now |
A new effectively full repairing and insuring lease, terms to be negotiated. Rent - £6,000 per annum, exclusive. A town centre lock up shop comprising retail area, shared rear passage, kitchenette area and WCs and separate rear store.
1 1
Nearby Major Retailers
1 of 24
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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The Old Bell House | Victoria Pl
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