Beacon Hill, Exmouth

The property occupies an established commercial location benefiting from strong pedestrian footfall and a thriving local tourism economy.

Temple Winds comprises a characterful hybrid art gallery and café at ground floor level, providing an attractive commercial frontage and versatile trading space. The commercial premises offer scope for continued gallery/café use or potential alternative retail or hospitality operations, subject to any necessary consents.

Arranged over the upper floors are nine self-contained residential flats, all of which are currently let on Assured Shorthold Tenancies, producing a combined rental income of £66,060 per annum. The residential element provides an established income stream with potential for future rental growth, subject to market conditions.

The property's scale, mixed-income profile and prime coastal location make it an appealing opportunity for investors seeking a ready-made income-producing asset with both residential and commercial elements.

A versatile and substantial investment opportunity in one of East Devon`s most popular coastal towns.

ACCOMMODATION

COMMERCIAL

Ground floor: Shop with main seating and servery areas, kitchen, WC`s.

Lower Ground Floor
Orchid: Kitchen/living room, bedroom with en-suite shower room/WC, utility.

Iris: Lobby, kitchen/living room, bedroom with en-suite shower room/WC.

Ground Floor
Communal entrance, stairs to lower ground floor level and rising to upper floors.

First Floor
Dahlia: Kitchen/living room, bedroom with en-suite shower room/WC;

Rose: Kitchen/living room, bedroom with en-suite shower room/WC;

Lily: kitchen/living room, bedroom with en-suite shower room/WC.

Second Floor
Lilac: kitchen/living room, bedroom with en-suite shower room/WC;

Daisy (Bedsit): Kitchen/living room/bedroom with bathroom/WC separate and located across the hallway;

Tulip: Kitchen/living/bedroom, bathroom/WC.

Third Floor
Petunia: Kitchen, living room, bedroom and bathroom/WC.

Tenure
Freehold subject to tenancies.

Tenancies & Lease Information
RESIDENTIAL
All let on assured shorthold tenancy agreements. Please refer to the auction legal pack for the individual flat details.

EPC Ratings
EPC Ratings:
Residential Flats (by name)
Dahlia: C
Daisy: D.
Iris: D.
LIlac: D.
Lily: C.
Orchid: D.
Petunia: C.
Rose: D.
Tulip: D.

Commercial
Ground floor cafe: B.

Important Information
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.

Auction Legal Pack & Finance
Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser`s responsibility to make all necessary legal, planning and finance enquiries prior to the auction.

Price Information
Guides are provided as an indication of each Seller`s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve price (a figure below which the Auctioneer cannot sell the Lot during the Auction). This reserve figure cannot be higher than 10% above a single figure guide. Please check the website regularly at www.247propertyauctions.co.uk or contact us on 01395 247000 for up to date information. Following the fall of the hammer contracts are exchanged and there is no going back!

Points To Note
Please refer to all legal documents for this Lot in case any additional fees and reimbursements are listed in addition to the purchase price.
It is the purchaser`s responsibility to make all necessary legal, planning, survey and finance enquiries prior to the auction.

Questions?
If you have any further queries about this property, please contact 247 Property Auctions on 01395 247000

Directions
From our prominent Town Centre office, proceed over Rolle Street and into High Street. At the roundabout, the property will be found directly opposite, overlooking Manor Gardens.

Council Tax
East Devon District Council, Band A

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.