Hatherleigh,
Okehampton, EX20 3HU

This versatile freehold property presents an excellent mixed-use investment opportunity, combining a ground-floor commercial premises with a well-maintained two-bedroom apartment above. The first-floor apartment is currently tenanted, providing an immediate rental income, while the ground-floor tenant has given notice and is due to vacate shortly, creating flexibility for the next owner. Ideal for investors, business owners, or those seeking a live/work setup, the property offers the opportunity to occupy the commercial space while retaining income from the apartment above. Subject to any necessary permissions, there may also be potential to convert the ground floor into residential accommodation in the future. Conveniently located close to local amenities, the property benefits from mains services and electric heating throughout, while offering long-term versatility, strong income potential, and exciting scope for future enhancement or alternative use.

An excellent investment opportunity, this versatile freehold property offers a unique combination of commercial and residential accommodation within a single building, perfectly suited for investors. Conveniently located, the property is arranged over two floors and is currently let to two tenants who wish to remain, providing an attractive immediate return.

The ground floor is configured as a functional shop or office space, accessed via a shared entrance that leads into an inner lobby. From here, a spacious main reception area offers a bright and adaptable workspace, with a separate room currently used as a storage facility. Adjoining this are a further office and a well-appointed kitchen, with a rear lobby providing access to the cloakroom/WC. This practical layout ensures flexible usage, suitable for a variety of commercial activities, while providing comfortable facilities for staff.

Above, the first-floor apartment offers thoughtfully designed living accommodation. A landing with two storage cupboards leads to an open-plan living, dining, and kitchen area, perfect for modern living. The apartment includes a generous double bedroom and a sensible single bedroom, along with a bathroom/utility space, providing practical accommodation for tenants. The property is fully equipped with mains electric, water, and drainage, and benefits from electric heating throughout.

Set up for dual purposes, this property combines a thriving commercial unit with a well-maintained two-bedroom apartment, providing an immediate rental income. The apartment currently being rented out along with the shop it currently is delivering return of approximately 7.2 percent. The commercial rateable value is £2,900 per annum, payable by the tenant, with the residential element falling under Council Tax Band “A.”

This property represents an ideal opportunity for an investor seeking a property with two reliable tenants in situ, both of whom are keen to continue their tenancies.

Set within a convenient location with excellent access to local amenities, this property provides both immediate income and long-term potential, combining residential comfort with commercial versatility. Whether as an investment or a live/work opportunity, it is well-positioned to deliver both lifestyle and financial benefits to its new owner.