High Street, Honiton

£500,000

Guide price

  • Bedrooms: 12
Five residential apartments in this town centre location with parking extending to 4,291 sq ft. Freehold. Character accommodation. Life style/ investment possibilities. Break up opportunity. Courtyard garden and rear courtyard. Grade II Listed

SITUATION

Graystones Court is a unique Grade II Listed building located yards from the High Street in Honiton, a bustling town with shops, cafes, antiques shops and supermarkets. Honiton is a popular stopover for holidaymakers travelling between London and Cornwall.

The mainline rail link for direct trains to London Waterloo and Exeter is six minutes' walk away. The A30 dual carriageway provides quick access to Exeter and Exeter airport. The Regency town of Sidmouth and the popular beaches of Branscombe, Seaton and Lyme Regis are all within easy driving distance.

DESCRIPTION

Graystones Court is an imposing south-facing building that has its origins in the 16th century. It was originally part of Allhallows College, and was rebuilt after the Great Honiton Fire in 1764. The property was converted to flats in 1938, when the school relocated. Among many striking features are the arched entrance lobby, high ceilings and large stone windows, which flood these spacious apartments with light. The apartments were refurbished to a high standard in 2000 and have since been maintained with regular updates including new bathrooms, kitchens and general improvements.

The main building houses four large apartments, one on each floor. The Lodge (apartment 5) lies to one side of the building on the ground floor, and is accessed through a stone arched lobby. A communal staircase to the right of the lobby provides access to each apartment.

Current tenancy details are available from the agents.

APARTMENT 1-3

Each of these has a floor area measuring 1050 sq ft (98sq m), comprising three bedrooms, family bathroom, kitchen with larder, dining room/ fourth bedroom and a large sitting room.

APARTMENT 4

The top-floor apartment is a converted loft space with exposed beams, bright airy rooms and fantastic views across fields on one side and to the clock spire and over the town on the other. The apartment is spacious, with two bedrooms, sitting room, kitchen, dining hall and family bathroom.

APARTMENT 5 - THE LODGE

The Lodge forms a self-contained property with its own roof and front and rear access. Previously let as a studio flat, the lodge has enormous potential for redevelopment (subject to planning consents). With its separate entrance and adjoining private courtyard, this could be an ideal Airbnb apartment or a cosy weekend retreat. Our clients intended to renovate No 5 before re letting.

OUTSIDE

Included is a courtyard to the front with parking for seven cars and electronic access. To the side and rear are two smaller enclosed courtyards. The rear courtyard has a back gate that opens on to Silver Street.

AGENT'S NOTE

The property is owned freehold subject to the current lettings. All five apartments provide an annual income of about £39,000 when let at market rents. Please note there is a pedestrian right of way for users of the museum and a right of way for Graystones Cottage to the right side of the courtyard.

SERVICES

Mains water, drainage, electric and gas. Gas-fired central heating.

Arrange viewing 01404 758007

Stags - Honiton Sales

Bank House, 66 High Street, Honiton, Devon, EX14 1PS

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