Commercial Property in EX12 available for sale
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Commercial Property for Sale near EX12, Seaton

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More details for East Walk, Seaton - Retail for Sale

Hook & Parrot Inn - East Walk

Seaton, EX12 2LS

  • Retail for Sale
  • £700,000
  • 11,372 sq ft
  • Waterfront

Seaton Retail for Sale

A unique mixed use development opportunity in a prime location on Seaton's sea front, for the creation of a restaurant/bar and nine luxury apartments, all with spectacular sea views over Seaton Bay. The property comprises the freehold interest in the former Hook & Parrot Inn, located in a prime position overlooking Seaton's sea front. The property has planning consent under planning reference 25/0470/FUL with the East Devon District Council for the demolition of the existing public house and 3 residential apartments, and construction of replacement bar/restaurant and 9 luxury residential apartments. The approved plans include provision for a secure underground car park, with allocated parking for each apartment and a passenger lift serving the basement, ground, first, second and third floors. The property has full vehicular access from Harbour Road to the rear and direct pedestrian access from the Esplanade to the front. Each new apartment will benefit from spectacular sea views over the beach and Seaton Bay. The property is on the seafront and a few minutes’ walk from Seaton town. Seaton is a popular coastal resort on the Jurassic Coast, with its tourist tramway and mile-long pebbled beach. The town itself has many small shops, a local hospital, doctors' surgeries, primary school, bank and building society as well as two large supermarkets. A popular resort for holiday makers, and boasts a wealth of activities including golf, tennis, bowls, and sailing. There are good secondary schools nearby along with the renowned Colyton Grammar School, which is just 3 miles inland. The county town of Exeter, with its regional airport, is some 20 miles to the west, and the mainline rail link to London (Waterloo) is at Axminster, approximately 5 miles in distance.

Contact:

Symonds & Sampson

Property Subtype:

Bar

Date on Market:

27/04/2026
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Commercial Properties for Sale Within 5 miles of the EX12, Seaton

LoopNet UK Devon Seaton Commercial Properties For Sale in EX12, Seaton, UK

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FAQs about Commercial Properties For Sale in EX12

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How many Commercial Property listings are available for sale in EX12?
There are currently 1 Commercial Properties available for sale near EX12. These EX12 Commercial Property listings have an average size of. The largest available listing in EX12 is. The thriving commercial centre and excellent transport links in EX12 make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in EX12?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in EX12 currently range from to per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in EX12?
There is a diverse range of commercial properties available in EX12 to suit various business needs. EX12 offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 1 EX12 commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

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