- Ideal investment property +
- Income potential +
- Large 1st floor 2 bed flat +
- Ground floor office space with kitchen and WC +
A unique freehold property package including a commercial office on the ground floor and a good sized two bedroom flat above it. NO CHAIN.
This unique investment opportunity has been a long term rental property for the current owners. The freehold building offers scope for two income streams or for someone who needs office space with living accommodation near to it.
The commercial element on the ground floor has its own entrance but could be connected upstairs if needed. This includes a large open plan workspace, a separate office/store, a mini kitchen area and separate WC.
On the first floor the flat includes a lounge, kitchen, bathroom and two double bedrooms.
The property further benefits from gas central heating with radiators throughout.
AGENTS NOTE
The roof of the building was replaced in 2023 and the gas central heating boiler in the flat was replaced in 2024.
The flat element has most recently been let out at £750 per calendar month. The commercial element is for office use with annual business rates of £3,200.
King Street runs parallel to the High Street in the historic Town of Honiton and Pegasus House enjoys a convenient position for access to all facilities including plenty of shops, schools, public houses and restaurants as well as a train station and a sports centre with swimming pool. The A30 dual carriageway, which bypasses Honiton provides good access to the Cathedral City of Exeter and the M5 Motorway.