Okehampton, Devon · EX20
Bridge Street, Hatherleigh
Bridge Street, Hatherleigh, Okehampton, Devon, EX20
Guide price
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.
The home, in the agent’s words
- What3Words ///curtains.monkeys.artichoke
- Mixed Use Investment Opportunity
- Ground Floor Soon Vacant
- Upper Floor Tenant Remaining
- Flexible Commercial Premises Space
- Potential Residential Conversion Opportunity
- Spacious Two Bedroom Apartment
- Ideal Live Work Arrangement
- Immediate Rental Income Available
- Excellent Long Term Potential
Read the full agent description
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.
A feel for the area
Connected for everyday life
0%of homes in the postcode can access 100+ Mbps broadband.
Available speed bands
- 30+ Mbps
- 100%
- 100+ Mbps
- 0%
- 300+ Mbps
- 0%
- 1,000+ Mbps
- 0%
Getting about
6.5 milesto Sampford Courtenay Rail Station
Approximate straight-line distance · DfT NaPTAN · 13 Sept 2026Background air quality
- Fine particles · PM₂.₅
- 4.7 µg/m³ · Meets the WHO guideline
- Nitrogen dioxide · NO₂
- 2.2 µg/m³ · Meets the WHO guideline
Annual background levels. For scale: the WHO 2021 guideline is 5 µg/m³ for PM₂.₅ and 10 for NO₂; the UK legal limit is 20 and 40. Lower is better; this is a 1 km model, not a reading at the door.
Defra · 2024 annual model · 1 km areaLocal information is approximate. Distances are straight-line estimates from the available location. Broadband describes postcode coverage, not the speed or service available at this home; check the address with a provider. Air quality is a modelled annual background estimate.
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The information provided in this listing is for general information purposes only and does not constitute property particulars. We make no warranties or guarantees, express or implied, regarding the accuracy, completeness, or availability of the information.
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