Clare House, 2 Lyme Street, Axminster, EX13

£ 50,000
Guide Price

Clare House, 2 Lyme Street, Axminster, EX13 5AU

FREEHOLD MIXED RESIDENTIAL AND COMMERCIAL INVESTMENT

General

Welcome to Clare house, a charming property nestled in the heart of picturesque market town of Axminster, in Devon.

This elegant residence offers an ideal combination of historic character and modern convenience, making it a highly desirable location for property investors in this location offering the benefit of idyllic location and vibrant lifestyle.

 

Situated at 2 Lyme Street, Clare House is centrally located, providing easy access to all the amenities that Axminster has to offer.

The property enjoys a prime position, with the bustling town centre just a stone’s throw away.

Residents will find themselves within walking distance of various shops, boutiques, cafes, restaurants, and local services, ensuring that all daily needs are easily met.

 

Clare House is presented as a well maintained mixed residential and commercial investment property. Which enjoys showcasing a classic architectural style that seamlessly blends with the surrounding historical buildings.

The exterior boasts a charming facade with period features, exuding a sense of timeless elegance that is sure to captivate both visitors and potential tenants .

Accommodation

The accommodation at Clare House is generously proportioned, offering ample space for families, professionals, or those seeking a spacious accommodation. The property comprises multiple reception rooms. ,

Upstairs, you’ll find a selection of four  well-appointed apartments. Including  bedrooms, each offering a peaceful individual home space..

 

Property Features :

  • Commercial Property
  • Including Freehold For Four Flats
  • Great Investment Opportunity
  • Beautiful High Street Location

 

Income producing circa £9,500 (When fully  Let)

 

Key Lease information

. Clare house and ground floor Shop premises. Tenants are Responsible for the Share of repairs and maintenance.

. Title no DN179754 – Flat 1 “The Sty, Pig Lane EX13 5AH, lease until 31st Dec 2178, (155 years remaining) at peppercorn Rent.

. Flat 2, DN679086 – lease until 31st Dec 2178, (155 years remaining) at a peppercorn rent.

. Flat 3, – 189 years from 1st Jan 1989, at a Peppercorn Rent.

. Flat 4, – The Cellar, 99 years from 1st Jan 1989, extended 50 years in 2018. Rent £350. Increase £50 every 5 years.

 

General notes

Flats 2,3,4  pay 23% each of maintenance and repair costs. Flat 1 pays 24%.

Therefore landlord’s repair input is a maximum of only 7%.

New slate roof September 2021. All guttering realigned. New flat roofs at rear.

 

Parking

All flats have a right to park. This is determined by the landlord from time to time , as there are only 2 spaces.

 

Right to manage and charge

A Right to manage company is in place for day-to-day maintenance. Landlord has a controlling share.

The Landlord has the right to insure.

 

Location

One of the highlights of Clare House is its beautiful outdoor space. Whether you want to relax with a book, host a summer barbecue, or simply enjoy the fresh air, this idyllic garden provides the perfect setting.

In terms of transportation, Clare House is situated at the Northern end of Lyme street and benefits from excellent connectivity. Axminster Railway Station is within walking distance, providing regular services to nearby towns and cities. The A35 road is easily accessible, connecting you to the stunning Jurassic Coastline and other popular destinations in the region.

 

Overall, Clare House at 2 Lyme Street, Axminster, presents a unique opportunity to acquire a stunning period investment property in a sought-after location.

With its blend of historical charm, modern comforts, and convenient amenities, this residence is sure to appeal to discerning investors who wish to add diversity to their portfolio.

Contact one of  our team today to arrange a viewing and experience the elegance of Clare House for yourself.

 

 

Buyer’s Premium:

Applies under the fall of the hammer. The purchaser shall pay 10% deposit, plus, in addition a buyer’s premium of 2% of the sale price, minimum of £4,000 + VAT upon exchange of contracts.

When registering to bid with us we will require 2 forms of ID (Passport, Driving Licence) to fit in line with the Anti Money Laundering Act.

Basic Facts

Date added: 11/12/23 Post Updated: 2024-02-19 16:40:20 Type: Status:

Features

Considering offers prior to auction
Income Potential

Amenities

Freehold Investment Property

View on map / Neighborhood

This style property is located in Axminster is currently and has been listed on NALC Auctions. This property is listed at £ 50,000. It has bedrooms, bathrooms, and is . The property was built in year.